PJSC Kyiv Confectionery Factory Roshen, a member of Roshen Corporation, will increase the authorized capital by 33.2%, or by UAH 500 million – up to UAH 2.006 billion through an additional issue of shares.
“Financial resources raised from the placement of shares, 100% will be directed with the purpose and directions for the acquisition of production equipment,” – noted in the message of the company in the information disclosure system of the NCSSM.
According to it, the placement may lead to an increase in the share of the majority shareholder – the subsidiary “Confectionery Corporation “Roshen”, which at the end of the first quarter of this year already owned 96.9017% of shares.
Taking into account the additional issue, the share of the majority shareholder may reach 97.674%.
It is specified that the decision on additional capitalization was made by the shareholders’ meeting, which was held remotely on August 21 and the minutes of which were drawn up on September 1.
In total it is planned to issue 2 billion pieces of common registered shares with par value of UAH 0.25, they will be placed at the market price at the level of par value, which was determined by the appraiser LLC “AR G Satellite”.
Roshen Corporation, according to the information on its website, ranks 27th among the largest confectionery manufacturers in the world. It includes Kiev, Kremenchug, two Vinnitsa confectionery factories and Vinnitsa dairy plant, Biscuit complex in Borispol (Ukraine); Klaipeda confectionery factory (Lithuania) and Bonbonetti Choco factory (Hungary). The production activities of the Lipetsk factory (Russian Federation) have been halted since April 1, 2017.
The corporation produces about 320 types of confectionery products. The total production volume is about 300 thousand tons of products per year.
The Roshen branded stores network in Ukraine includes about 70 stores in different regions of the country.
The first one was opened in 2009 in Kyiv.In 2022, PrJSC Kyiv Confectionery Factory Roshen posted a net loss of UAH 984 thousand compared to UAH 25.779 million in profit a year earlier, while the company’s revenue decreased from UAH 979.286 million to UAH 903.195 million.The ultimate beneficiary of the company is the son of former President of Ukraine Petro Poroshenko, Oleksiy.
