Shareholders of Ukrainian businessman Serhiy Tihipko’s Dniprometiz PJSC (Dnipro) have decided to change its name to Dniprometiz TAS and transform the company into an LLC.
According to the company’s information in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), such a decision was made by the extraordinary general meeting of shareholders held on Friday.
It is explained that the reasons for such a decision are reduction of expenses on maintenance of the company, simplification of business processes and optimization of corporate management structure.
In the course of transformation Dneprometiz PJSC transfers all its property, rights and obligations under the transfer act to its legal successor Dneprometiz TAS LLC. The size of the authorized capital of LLC will be equal to the size of the authorized capital of PJSC. Upon transformation, all shareholders of the Private JSC become founders of the LLC.
As reported, “Dneprometiz” in the first half of the year-2023 received a net profit of UAH 17.253 million, while the same period last year ended with a net loss of UAH 12.346 million. In the first half of the year, net income increased by 15.4% to UAH 1 billion 426.222 million. The retained earnings of the company by the end of June 2023 amounted to UAH 257.336 million.
“Dneprometiz” in 2022 decreased net profit six times compared to the previous year – to 25.572 million UAH, net income increased by 1.1% – to 2 billion 474.397 million UAH.
“Dneprometiz” produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons of products per year.
According to the NDU data for the first quarter of 2023, T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578% of Dneprometiz shares.
The authorized capital of Dniprometiz PJSC is UAH 83.480 mln, the nominal value of a share is UAH 68.08.
