Business news from Ukraine

Business news from Ukraine

Druzhkovka Metalware Plant to pay about UAH 20 mln in dividends

17 September , 2024  

Druzhkovka Metalware Plant (DZMZ, Donetsk region) intends to allocate UAH 19.936 million to pay dividends based on the results of its operations in 2023.
This main issue is on the agenda of the general meeting of shareholders scheduled for October 18, 2024, which will be held remotely.
The draft decision provides for the payment of dividends from retained earnings for 2023 in the amount of UAH 0.30 per 1 share (total number of shares – 66 million 453,976 thousand). Dividends will be paid directly to shareholders.
In 2023, the net profit of the company amounted to UAH 24.049 million, and in 2022 – UAH 33.832 million.
At a meeting held on April 29, 2024, the shareholders decided to leave the profit for 2023 undistributed and not to accrue or pay dividends.
Druzhkovka Metal Products Plant specializes in the production of hardware products: bolts, nuts, rivets for general engineering, fasteners for the upper structure of railway tracks, high-strength fasteners for building and bridge structures. In May 2022, the company issued an order to terminate employment contracts due to Russia’s military aggression and the inability to carry out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk region, to Dnipro, Dnipro region.
According to the fourth quarter of 2022, the company’s shares were owned by an individual Oleksiy Spyridonov, who held 14.9949%, Olena Mishchenko-Solona (resident of Spain) – 13.0304%, Iryna Mishchenko – 24.5167%, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, Valeriy and Dmytro Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.

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