UMMC to Hand Serov Plant’s Shares over to Gazprombank as Security

November 26, 2013. Uralmashzavod is going to hand over to Gazprombank Asset Management 5,000,000,023 RUR worth of shares, the issuer’s official statement goes. Under the terms of the agreement, Uralmashzavod will transfer 74,917,591 ordinary registered uncertified shares of the additional issue 1-01-00297-А-002D with face value of 0.5 RUR each to the daughter company of Gazprom (the plant’s majority shareholder) via close subscription. The offering price is 66.74 RUR. The deal is estimated to come to 27% of the issuer’s assets value.

The report on the state of the environment and the way environmental factors affect the health of Sverdlovsk Region population indicates that A. K. Serov Metallurgical Plant (part of Ural Mining and Metallurgical Company (UMMC)), with its 54.5% share of all atmospheric emissions in the town of Serov, Sverdlovsk Region, is the town’s major air polluter. Serov-based enterprises that emit gases without recycling them first have dumped 52,184 tons of pollutants altogether.

Ural Mining and Metallurgical Company (UMMC) does not provide any financing for the construction of Demidov Business Center in Yekaterinburg, Demidov’s press officer Oleg Zemtsov says. UMMC declared its rights over the business center, developed by Klaas-Stroy, on May 29, 2008. The company’s experts say they bought 550 million RUR worth of loan agreements from one of Klaas-Stroy’s shareholders; besides, an agreement to acquire 50% of Klaas-Stroy’s shares was reached. ‘UMMC has not officially reported their acquisition of Klaas-Stroy’s shares yet. What is more, we haven’t seen any of the

A.K. Serov Metallurgical Plant (member of UMMC Holding) was able to prove the compliance of its environmental management system with the ISO 14001:2004 requirements to the auditors, UMMC press service reports. The audit procedure was carried out by TUV Rheinland, the global leader on the independent examination and evaluation services market. Over the four days of the audit, the company’s experts inspected about twenty of the plant’s shops and departments. According to TUV Rheinland’s leading auditor Irina Gabova, the plant’s management system is being perfectly maintained and continually

The report on the state of the environment and the way environmental factors affect the health of Sverdlovsk Region population indicates that A. K. Serov Metallurgical Plant (part of Ural Mining and Metallurgical Company (UMMC)) and Serovskaya power station use approximately 91.85% of water supplied to the town of Serov, Sverdlovsk Region. Alongside with Signal, a metallurgical company, the plant and the power station dump 97% of all local manufacturing water.