Business news from Ukraine

IC “Railways” increased its authorized capital by 50.2%

11 August , 2024  

Insurance Company “Railway Shares” (Poltava) has increased its authorized capital from UAH 21.3 million to UAH 32 million by holding an additional issue of UAH 10.7 million, according to the insurer’s information published in the information disclosure system of the National Securities and Stock Market Commission.
As reported, 214 thousand shares with a par value of UAH 50 per share were issued during the issue.
As reported, Victoria Matkovska, who owns 94.82% of the insurer’s shares, announced on December 18, 2023, a public irrevocable offer for all shareholders of the company to purchase their shares.
With a par value of UAH 50, the purchase price is UAH 100.45, which corresponds to the market value.
As reported, the National Bank of Ukraine has approved Victoria Matkovskaya’s direct ownership of 94.82% of shares in the insurance company Railways. Later, on December 11, 2023, it confirmed that the company’s ownership structure met the transparency requirements.
Railway Shares Insurance Company was registered in 1994 and specializes in providing risk insurance services.