Revealed Real Owners of Metallic Mining Companies in Armenia – Part 16: "AT Metals" LLC

Revealed Real Owners of Metallic Mining Companies in Armenia – Part 16:

EcoLur

EcoLur continues to present declarations on the real owners of the companies operating the metal mines in Armenia, which were published within the framework of EITI on the website of State Register Agency of Legal Entities of RA Justice Ministry.

In this publication, we will cover the declaration submitted by "AT Metals" LLC having a right to develop Meghrasar gold mine located in Syunik region (the mine hasn’t been developed).

Armenian and Russian Owners of Non-Developed Mines

"AT-Metals" LLC was registered on November 6, 2012. Eight real owners have been identified in the declaration, three Armenian citizens and the other five Russian citizens. The citizens of the Republic of Armenia are the first three real owners and acquired their shares in the company on the same day, February 5, 2018.

Thus, the first real owner is Karen Hovsepyan, a citizen of the Republic of Armenia, who has 19.8% shares in the company. The second real owner is Hamlet Hovsepyan with 15% shares.

Vardan Hovsepyan is the third real owner of the company with 15% shares.

According to the declaration, the only place for them to work is AT-Metals LLC, but their positions are not mentioned. All three owners have direct participation in the company in conjunction with a natural person/persons. They are also members of the company's General Meeting of Shareholders.

The fourth real owner is Sergei Mulin, who acquired 25.61% shares in the company on February 25, 2018. Sergey Moulin is CEO of the Russian "AviaTechnology Group" LLC.

The fifth real owner is Gennady Moulin, with 19% stake he acquired on July 26, 2013. Gennady Mulin is the CEO of the Russian "Aviation Technology GAM" CJSC.

The sixth real owner is Pavel Khanchin with 7.48% shares, which he acquired on February 25, 2018, like Sergey Moulin.

The seventh real owner is Sergey Aronov, again with 7.48% shares, which he acquired on February 25, 2018.

The eighth real owner is Rostislav Presnov, the CEO of AT-Metals LLC.

The owners, who are Russian citizens, with the exception of Rostislav Presnov, have indirect participation in the company in conjunction with individuals and legal entities. All of them are members of the company's General Meeting. AviaTechnology Group and Aviation Technology GAM headed by the Moulins operate as intermediary companies for them.

June 22, 2020 at 18:05