Home> Investors> Shareholders
Shareholders analysis by structure and amount of the capital - 23.02.2012

Shareholders

ALCOMET AD is a public joint-stock company with a two-tier management system, including Supervisory Board and Management Board. The members of the managing bodies are elected for a 5-year mandate.

The Supervisory Board consists of 7 (seven) persons elected by the General Meeting of Shareholders. As of 03.09.2010, the Supervisory Board is in the composition of:
1. Fikret Ince – Chairperson
2. Fikret Kuzucu – Vice Chairperson
3. Hristo Todorov Dechev
4. Branimir Mladenov Mladenov
5. Osman Kerem Kuzucu
6. Bekir Yudzhel
7. Semih Korai

The Management Board consists of 6 (six) persons elected by the Supervisory Board. As of 03.09.2009, the Management Board is in the composition of:
1. Huseyin Yorucu – Chairperson
2. Huseyin Umut Ince – Vice Chairperson
3. Semih Baturai
4. Neli Kancheva Toncheva
5. Ivan Hristov Papazov
6. Mehmet Dedeoglu

The Company is represented and managed by Hyusein Yoryudzhyu and Hyusein Umut Indzhe, Executive Directors.

Based on information of the Central Depository dated 23.02.2012, ALCOMET AD - Shumen has the following capital structure:
17 952 959 registered shares, each having nominal value of BGN 1, held as follows:
- 1.57% held by 2 612 individuals
- 98.43% held by 81 legal entities

The Corporate Governance Program approved by the Company ensures:
1. Protection of key shareholders’ rights;
2. Equal treatment of all shareholders, including minority and non-resident shareholders;
3. Acknowledgement of interested parties’ rights and encouragement of effective cooperation between the Company and the interested parties to provide welfare, open job positions and ensure sustainable development;
4. Timely and accurate disclosure of information on all issues related to the Company, including its financial position, performance, ownership and production operations;
5. Strategic corporate governance, efficient control on the activities of the Management Board and its reporting to the Supervisory Board, the Company and the shareholders.