Published
12/02/2025, 11:22On November 20, Teskom OJSC held an extraordinary general meeting of shareholders. The event was held in person, with a quorum of 95.33%. This ensured that the agenda items could be considered validly.
The key issue on the agenda was the approval of a major transaction. The shareholders agreed to pledge a 6,120 square meter plot of land in Bishkek to the Russian-Kyrgyz Real Estate Development Fund.
It is specified that the pledge is provided to secure the obligations of ShNOS LLC under a $20 million credit line from the RKFR. It is open for 36 months with an interest rate of 10% per annum.
This is a second-stage pledge.
The decision was supported by 95.29% of the votes, with less than 0.05% abstaining.
The general meeting authorized the executive body of Teskom OJSC to sign a pledge agreement, an agreement on out-of-court enforcement, and other documents necessary for the execution of the decision. It is also permitted to issue powers of attorney to third parties and determine the terms of agreements at the discretion of management.
