PrJSC Ukrainian Agro-Insurance Company (UAIC, Cherkasy) will increase charter capital by 25%, to UAH 15 million through the private placement of common registered shares at a price of UAH 477.48 per share to the tune of UAH 3 million. The face value of one share is UAH 171.43.
This decision was taken by the company’s shareholders at a meeting on June 26, 2018, the company said in an official statement. As reported, UAIC was in the red in 2017 and its net loss totaled UAH 20.3 million against UAH 10.207 million in net profit in 2016.
Over the year, its assets grew by 7.5%, to UAH 53.7 million. Its net worth as of December 31, 2017 decreased by 40%, to UAH 30.714 million, cash and cash equivalents increased by 46.3%, to UAH 16.581 million. Accounts receivable amounted to UAH 4.391 million (UAH 33.016 million in 2016).
UAIC’s long-term liabilities grew by 23%, to UAH 7.6 million, current liabilities are estimated at UAH 15.831 million (UAH 815,000 in 2016). Its charter capital remained unchanged in 2017 and stood at UAH 12 million.
PrJSC Ukrainian Agro-Insurance Company (IC Salamander-Dnepr) has been operating on the market since 1995. The National Commission for the State Regulation of Financial Services on April 13, 2017, allowed Dobrobut agricultural firm to acquire a 75.59% stake in the insurer. According to the Unified State Register, 98.26% of Dobrobut’s charter capital belongs to LLC Astarta-Kyiv Firm.
State-run Enterprise Ukrenergo on June 26 ceased accepting bids for a tender to provide voluntary medical insurance services to its employees, according to the ProZorro electronic procurement system.
Four insurance companies – Krayina, Krona, NaftaGazStrakh, and Kniazha Vienna Insurance Group (all – Kyiv-based) – submitted their bids.
As reported, the expected bid was estimated at UAH 8.187 million.
The tender will be held on August 1.
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise; it is subordinate to the Ministry of Energy and Coal Industry. It will be reorganized into a private joint-stock company.
Ukrenergo unites eight regional electric power grids: the Dniprovska, Donbaska, Zakhidna, Krymska, Pivdenna, Pivdenna-Zakhidna, Pivnichna, and Tsentralna.
One troy ounce=31.10 grams
Kyiv Mayor Vitali Klitschko, who was crowned the “Eternal World Heavyweight Champion” by the WBC, will again fight former world champion Lennox Lewis as part of the 56th WBC Congress to be held in Kyiv from September 30 to October 5, 2018. “This will be an exhibition fight, which will be held as part of a charity auction. The details of the auction and the format of the bout have not been publicized yet,” reads a report posted on the website of the official fan club of the Klitschko brothers.
A well-known fight between Klitschko and Lewis took place on June 21, 2003. A dramatic bout was stopped by the doctor after the Ukrainian boxer sustained a deep cut above his left eye. Klitschko was ahead 58-56 on the scorecards when the fight was stopped. Lewis defended his champion title thanks to that victory, a rematch was not held, and the Briton soon ended his career.
