NAMSEN LIMITED OF BUSINESSMAN VEREVSKY RAISES STAKE IN KERNEL TO 39.1%

Business news from Ukraine

NAMSEN LIMITED OF BUSINESSMAN VEREVSKY RAISES STAKE IN KERNEL TO 39.1%

5 Dec , 2017  

KYIV. Dec 5 (Interfax-Ukraine) – Namsen Limited, a legal entity controlled by the board chairman of Kernel agricultural holding, Andriy Verevsky, from November 29 to December 1 had purchased 587,175 shares of Kernel Holding S.A. (Luxembourg).
According to a Kernel report on the website of the Warsaw Stock Exchange (WSE), the average purchase price of one share was PLN47.7 ($13.49 per share at the rate of the National Bank of Poland as of December 1).
As of December 1, 2017 Namsen Limited owned about 32.042 million shares in the company, which is 39.1% of the charter capital.
Prior to the acquisition, Namsen Limited held 38.39% in the charter capital of Kernel.
As reported, Cascade Investment Fund (the Cayman Islands), whose beneficiary is the co-chairman of the Vidrodzhennia deputy group, Vitaliy Khomutynnik, which in October 2015 acquired 5% in Kernel, in mid-November 2017 increased its share to 6.59%.
At the end of November 2017, the manager of Kernel sold 300,000 shares of the company for $4.02 million.