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Posted On

13
October
2021

Ukrainian Exchange plans to raise charter capital by 21.9%

KYIV. Oct 13 (Interfax-Ukraine) – JSC Ukrainian Exchange (Kyiv) plans to increase its charter capital by UAH 9 million, or 21.9%, to UAH 50.006 million due to an additional issue of shares and a possible appearance of new shareholders.

"To determine that the participants in the placement are the persons who are shareholders of JSC Ukrainian Exchange … and the investors specified in the list of participants in the placement, set out in a separate appendix to the minutes of the extraordinary general meeting of shareholders," the draft resolution of the meeting scheduled for October 28 says.

According to it, the placement will be private, and the placement price will be determined by the exchange council.

As reported, on September 3, 2021, Ukrainian Exchange shareholders decided to expand their activities to organize trade in goods, in particular, agricultural raw materials, fuels, metals, industrial chemicals, construction materials, industrial equipment, ships, aircraft, etc.

In 2020, Ukrainian Exchange increased its charter capital to UAH 41.006 million from UAH 25 million through an additional issue, which almost doubled its equity capital – to UAH 32.47 million – and allowed trading on the derivatives market to resume on August 4 of the same year.

The largest participant in the additional issue was Freedom Holding Corp., which invested UAH 10 million and received 24.39% in the charter capital. In addition, chairman of the Artemiy Yershov and the funds under the management of AMC Kinto invested UAH 2.5 million each, as a result of which Yershov owns 6.4625%. Of the existing shareholders, Dragon Capital investment group also made a significant contribution – UAH 1 million, but its share decreased to 23.5648%.