“Kant PMK No. 1” will increase its authorized capital by 2.3 million KGS

Kant Steel Mill No. 1 OJSC will increase its authorized capital from 2.43 million KGS to 4.73 million KGS through an additional issuance of 1.38 million common registered shares. The decision was adopted by the shareholders at an extraordinary general meeting on October 23, 2026. This was reported in the newspaper “Erkin Too.”

The additional shares will be allocated in a private placement to four individuals: Li Nikifor Petrovich, Yugai Boris Evgenyevich, Li Zoya Vsevolodovna, and Li Natalia Nikiforovna.

The first two will each receive 579,859 shares, and the other two will each receive 108,724 shares. The par value of each share will be 1.675 KGS, and the total issue amount will be 2.31 million KGS. Payment will be made in cash.

The placement will begin after the state registration of the share issue and is expected to be completed within one year. The shareholders also approved amendments to the company’s articles of incorporation and its state re-registration.

As a result of the additional issuance, the company’s authorized capital will nearly double—from 2.43 million KGS to 4.73 million KGS. The quorum for the extraordinary meeting was 89.8407%.