Press conference news

On February 17, 2020 “Erdenes-Tavantolgoi” JSC announced of the decision to distribute dividends in the amount of MNT 90 per share. In the 4 days since the announcement, more than 99,000 citizens checked the number of their shares, 59000  opened new accounts and 84,000 users downloaded “Erdenes-Tavantolgoi” JSC shares application on their mobile phone.The number of citizens served by brokerage firms has also significantly increased. Today, at a press conference, the CEO of “Erdenes-Tavantolgoi” JSC Mr. Gankhuyag B., reminded that citizens can receive the necessary information, check their share and open accounts online without visiting the “Erdenes-Tavantolgoi” office and brokerage companies during the coronavirus epidemic. Until the payment date of dividends, the company will inform citizens every Monday at 13:00 o’clock. We held press conference today as next Monday we will be celebrating the Lunar New Year.

According to the resolution on dividend distribution of the Financial Regulatory Commission of January 29, 2020 dividends will be distributed through the Mongolian Central Securities Depository.Citizens can contact the brokerage companies where they opened the accounts, confirm their registration, and receive dividends with their frequently used commercial bank account. The State bank will provide services to the public through their branches in remote rural areas.  Mr. Gankhuyag B., CEO of the “Erdenes-Tavantolgoi” JSC also mentioned that, we are focusing on organizing distribution of the dividend would be effortless, simple and hassle-free procedure for our 2,511,000 shareholders. He also reminded that dividends are not a budget or cash distribution, it is a legal distribution of profit to our shareholders. 

The press conference was attended by the Chairman of the board of directors of the Association of Securities Traders B. Olziibayar, the General Secretary Ts. Khuyag, the Director of company “Gerege Systems” Yu. Erdenebayar and the Chairman of the board of directors of the brokerage company “Bumbat-Altai” S. Batjargal. During the conference the process of distributing dividends and information about new technology and the online service for opening an account for receiving dividends were introduced. Information on distributing dividends is available on official sources as the company’s website www.ett.mn, company’s official page, ETT application, official page of 1072 information center and a special phone line 1800-1072.