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%).
