Alliance Bank, which decided on October 9 to refuse an additional share issue to increase its authorized capital by 1.5 times, decided to reconsider this issue at a remote extraordinary shareholders’ meeting on December 21.
According to the issuer’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the bank plans to increase its authorized capital from UAH 457.28 million to UAH 691.636 million, while at the end of June this year the bank decided to increase it to UAH 689.367 million.
It is expected that 8.2 million shares with a par value of UAH 28.58 will be placed at the expense of additional contributions.
According to the information, the bank is not going to involve an investment firm to sell them and new investors.
As reported, after the annual decision on the additional issue, which was later canceled in October, Pavlo Shcherban, chairman of the supervisory board of Alliance Bank, who held 3.994938% of the shares at the beginning of the year, received permission from the Antimonopoly Committee of Ukraine on July 13 to increase his share to more than 25%. This would have reduced the share of the majority shareholder, Alexander Sosis, which amounted to 89.289% at the beginning of the year.
Founded in 1992, Alliance Bank expanded its network by two branches to 35 in the second quarter of this year. According to the NBU, it ranked 23rd (UAH 12.86 billion) among 63 Ukrainian banks in terms of total assets as of October 1 this year.
At the beginning of this year, minority stakes in the bank were also held by Marina Getmantseva (1.706025%) and indirectly, through the Avanpost venture capital fund, by Dmitry Melnik (2.938683%) and Vladimir Bychnik (1.196708%).
Lviv Bank plans to increase its authorized capital by UAH 250 million, or 35.3%, to UAH 958 million 405,338 thousand through additional contributions from existing shareholders.
According to the bank’s announcement in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant issue was submitted to an extraordinary remote shareholders’ meeting on December 18.
It is assumed that an additional issue of shares with the existing par value of UAH 0.1 each will be made as part of the authorized capital increase.
According to the National Bank of Ukraine, as of the beginning of September 2023, Lviv Bank ranked 28th in terms of assets (UAH 9.12 billion) among 64 banks operating in the country. The bank’s net profit for 8 months of this year amounted to UAH 121.1 million.
According to the website of Lviv Bank, its shareholders at the beginning of this year were: ResponsAbility Participations (Switzerland) – 48.557189%, Nordic Environment Finance Corporation (NEFCO) – 13.93623% and Icelandic citizen Margeir Petursson – 37.4692%.
The EBRD pointed out in August this year that Bank Lviv, which is owned by European shareholders, is a regional bank focused on SMEs and one of the fastest growing in western Ukraine, with a loan portfolio that grew from $35 million in 2017 to $133 million in the first quarter of 2023. The bank is headquartered in Lviv and has a network of 19 branches, 13 of which are in Lviv region and six in other cities.
The shareholders of Slavgorod Reinforcing Plant PJSC (SAZ, Dnipropetrovs’k region) intend to conduct an additional share issue and increase the authorized capital (AC) by UAH 1,375,238.5 million.
The issue of the additional issue is on the agenda of the extraordinary shareholders’ meeting scheduled for November 24 this year.
“To increase the authorized capital of SAZ PJSC by placing additional shares in the amount of 5 million 500 thousand 954 pieces of existing nominal value at the expense of additional contributions in the amount of UAH 1 million 375 thousand 238.5,” the agenda states.
It is also assumed that the participants in the placement of shares (without a public offer) are exclusively the company’s shareholders: PJSC Promarmatura and PJSC Interindustry Component Base “Generalmashkontrakt”.
Slavgorod Valve Plant was founded in 1926 as a cast-iron valve manufacturing company. After reconstruction in 1965, it has specialized in the production of forged steel shut-off and control valves with manual and electric actuators, thermodynamic condensate traps, ball valves and cast iron stopcocks. In 2012-2014, the plant mastered mass production of shut-off and control valves for thermal power plants. In addition to pipeline valves, the plant also mass-produces products for the mining and machine-building industries.
According to the second quarter of 2023, Promarmatura owns 53.5661% of SAZ, and Intersectoral Assembly Base Generalmashkontrakt owns 22.0307%.
The authorized capital of SAZ PrJSC is UAH 45 thousand, the nominal value of a share is UAH 0.25.
Ultra Alliance Insurance Company PrJSC (formerly Ultra Insurance Company Kyiv) will increase its authorized capital to UAH 48 million by holding an additional issue of UAH 18 million.
According to the information disclosure system of the National Securities and Stock Market Commission, this decision was made by the shareholders during a meeting on August 21.
It is also noted that the issue is planned to be carried out by allocating to the authorized capital of the company the profit received for 2019-2022 in the total amount of UAH 18 million. The issue will be carried out by increasing the nominal value of shares from UAH 1 thousand to UAH 1.6 thousand.
The authorized capital is being increased to comply with the minimum authorized capital requirements for insurance activities in accordance with the provisions of the Law of Ukraine “On Insurance”.
Ultra Alliance Insurance Company was registered in 2004. The authorized capital is UAH 10 million. The company specializes in risk insurance. The ultimate beneficiary is Igor Yankovsky.
The National Rating Agency “Rurik” has assigned the long-term credit rating of the borrower at the level of uaAA of the investment category with the forecast “in development” and the rating of financial reliability (stability) of the insurer at the level of uainsAAA of the investment category.
