In December, Viktor Ivanchik, CEO of Astarta agricultural holding, bought 134,640 shares, or 0.53856% of the total number of shares, on the Warsaw Stock Exchange (WSE) and outside it through Albacon Ventures Limited at an average price of PLN51.93 per share.
According to stock exchange reports, transactions were concluded on the stock exchange on 14 days in December, during which a total of 50,334 thousand shares were purchased at an average price of PLN45.94 per share, and on December 19, an off-exchange transaction was concluded to purchase 84,306 thousand shares at a price of PLN55.5 per share.
In total, in December, the CEO of Astarta paid PLN6.99 million, or about $1.94 million at the current exchange rate, for additional shares, while in November he purchased 100 thousand shares on the stock exchange for PLN4.66 million, or about $1.29 million at the current exchange rate.
It is noted that after these transactions, Ivanchik owns 10 million 913.25 thousand shares of the agricultural holding, or 43.653% of their total number.
Prior to this, on September 15, Ivanchik purchased 244,679 thousand shares outside the stock exchange, or 0.9787% of their total number, also at a price of PLN55.5 per share, which is significantly higher than the quotation on the Warsaw Stock Exchange.
As of this Monday at 11:50 a.m., Astarta shares are trading on the stock exchange at PLN45.1, giving the company a market capitalization of PLN1.128 billion, or about $312.7 million.
According to the latest report, at the end of September this year, the Ivanchik family owned a total of 43.21% of shares, compared to 42.23% of shares in the middle of the year, 41.48% at the beginning of this year, and 41.28% at the end of September last year. Fairfax Financial Holdings has also been a major shareholder all this time, with 29.91%, while another 2.1184% of shares are owned by the company itself and were previously repurchased as part of a buyback. As of May this year, minority shareholders also included Kopernik Global Investors with 2.64% and Heptagon Capital with 1.8%.
Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven elevators, and a biogas complex.
In January-September 2025, Astarta reduced its net profit by 42.2% to EUR43.70 million, and its consolidated revenue decreased by 22.4% to EUR342.78 million.
On June 12 this year, the shareholders’ meeting approved the payment of dividends for 2024 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the figures for the previous two years.
