Insurance Company “Respect” PrJSC (Odesa) plans to increase its authorized capital from UAH 30 million to UAH 53.7 million by increasing the nominal value of ordinary and preferred registered shares from UAH 10 to UAH 17.90 by allocating to the authorized capital part of the profit received in 2018-2023 in the amount of UAH 23.7 million.
This issue is on the agenda of the company’s shareholders meeting scheduled for May 3, according to the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
As reported, IC Respect has been operating in the Ukrainian market since March 1995. It has 21 licenses for various types of insurance. The company’s main risk portfolio is related to the transportation sector. In June 2023, Saggarco Limited (Cyprus), which owns 70.001% of MTB Bank (Chornomorsk, Odesa region), announced its intention to acquire 96.382% of the shares of PJSC Insurance Company “Respect”.
