The Board of Directors of IDS Ukraine Group, which produces mineral water under Morshynska and Mirgorodska brands, decided not to accrue or pay dividends for 2022 and decided to direct all available funds to charitable purposes, the holding said in a press release on Wednesday.
“The company’s management and non-sanctioned shareholders fully share the state’s just desire to protect the economy and the country. That is why, back at the beginning of the full-scale invasion, it was decided to forgo dividends in 2022 and direct all available funds to charity,” the document states.
According to the press release, 100% of the corporate rights of the group’s shareholders have now been seized and transferred to the National Agency for the Detection, Search and Management of Assets Derived from Corruption and Other Crimes (ARMA) because of the sanctions imposed on its shareholders with Russian citizenship. At the same time, according to IDS Ukraine, more than 50% of the holding’s securities belong to persons to whom sanctions were not applied – citizens of Great Britain, Georgia and Ukraine.
The press release notes that IDS Ukraine provided more than UAH 100 mln of charitable aid in 2022; in particular, it transferred water in excess of UAH 67 mln for the needs of military personnel, the wounded, displaced persons and residents of de-occupied territories. In addition, the holding continues to pay salaries for a hundred and fifty of its mobilized employees, as well as buying for them ammunition and equipment.
“For their part, the non-sanctioned shareholders of the company, even though the state grossly violates their property rights, consider the provision of charitable assistance in 2023 as one of the priority areas of the companies. Only in January 2023, 120 thousand liters of water were transferred to Kherson, and the total amount of transferred products already this year is about 500 thousand liters,” the mineral water producer summarized in a press release.
As earlier reported, on February 10 ARMA announced a competition for the selection of a manager for arrested assets of IDS Ukraine, which produces and sells mineral water under brands Morshinskaya, Mirgorodskaya and Borjomi.
Earlier, Marko Tkachuk, the general director of IDS Ukraine, said in response to Interfax-Ukraine news agency inquiry that the transfer of corporate rights of the company worth more than UAH 10 billion to ARMA will not affect the economic activities of the group. He also reminded that the decision about the transfer of corporate rights of the sanctioned IDS shareholders with Russian citizenship to ARMA was made by Kiev Shevchenko District Court on November 9 and 11, 2022.
On November 23 last year, the Bureau of Economic Security of Ukraine (BES) reported about the arrest of corporate rights of the Russian shareholders of the IDS Ukraine in order to avoid their withdrawal from Ukraine of the assets of seven enterprises for the production and sale of drinking water. According to the BEB, these enterprises are actually owned by them through a non-resident offshore company under their control.
IDS Ukraine is a Ukrainian group of companies founded in 1996, the largest national producer of bottled water. The holding includes Morshynsky mineral water plant “Oskar”, “Mirgorod mineral water plant”, the distribution company “IDS” and water delivery operator “IDS Aqua Service”.
GK owns trade marks Morshinskaya, Mirgorodskaya, Alaska and Aqua Life.
Shareholders of Busin Insurance Company (Kyiv) plan to allocate UAH 13.6 mln to dividends and UAH 48.8 mln to increase charter capital out of UAH 62.4 mln of financial profit earned in 2022, according to the agenda of shareholders meeting scheduled for March 31.
According to the company’s information posted in the database of the National Securities and Stock Market Commission (NSSMC), the emission is planned by increasing the nominal value of shares.
The remaining profits in the amount of UAH 21.935 ths will be left undistributed.
Besides the shareholders of the company are planning to carry out a transition to a one-level structure of management of the company, to determine the number of members of the Board of directors, to approve the new edition of the company’s charter.
IC Busin was registered in February, 1993. It specializes on risk kinds of insurance. It is member of several professional and industry associations: League of Insurance Organizations of Ukraine, National Club of Insurance Indemnities, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
As reported, in March 2021, its shareholders Larisa Nepochatova and Oleksiy Ovchinnikov reduced their stakes from 49.9% to 25%. In turn, Denis Ovchinnikov and Ivan Ovchinnikov increased their stakes from 0.009% to 12.495% and Oleksandr Nepochatov from 0.009% to 24.99%.
JSC “DGM Group” (Dnipro), a producer of equipment for metallurgy, will pay out dividends for 2021 in the amount of 100 thousand UAH per share (par value UAH 95.01 thousand), having forwarded for this purpose 10 million UAH from the net profit.
According to the announcement on the web-site of the company, the decision was taken by the general meeting of shareholders on December 26. The dividends will be paid from January 19 to June 26, 2023.
According to the NCSSM for the third quarter of 2018, 56% of shares of JSC “DGM Group” belongs to Svetlana Alymova, 44% – Vasily Polishkevich. Gennady Alymov, the company’s director, does not own any shares.
There is no information on the amount of net profit received in 2021 on the company’s website and in the NCSSM’s disclosure system.
A year earlier, according to the agenda of the general meeting of shareholders for 2020, the net profit was 32.12 mln hryvnia, with 10 mln hryvnia planned for dividends, 9.5 mln hryvnia for the increase of the registered capital by increasing the share par value from 10 to 95.01 and 13.6 mln hryvnia planned to be left undistributed.
DGM Group specializes in design and manufacture of equipment for metallurgy industry (blast furnace, ferroalloy, sintering equipment, and hydraulic drives).
Among the foreign customers are Indian TATA Steel and TATA Metaliks, Essar Steel, ArcelorMittal Works in Ukraine and Mexico, Metso:Outotec (Finland), Rockwool (Denmark), Moldavian Steel Plant, TNK Kazchrome (Kazakhstan), as well as companies in Turkey, Norway, Germany, USA and Cyprus.
In particular, according to the company’s website, it has recently completed hot tests of a set of equipment for a ferroalloy furnace at Sarda Metals and Alloys in India. The project was launched in May 2021 – two sets of stationary opening and closing machines were made to service the new furnace.
According to the company’s last disclosed statements, its net income in 2020 was UAH 165.75 million.
Agro-industrial group of companies Ovostar Union, one of the leading egg and egg products producers in Ukraine, will pay EUR3.6 mln of interim dividends for 2022 based on EUR0.65/share, the company announced on the Warsaw Stock Exchange.
It is specified that the date for determining the right for the interim dividend will be January 13, 2023, and its payment will take place no later than January 27, 2023.
Ovostar Union Group is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The producer has been a certified exporter to the EU since 2015.
The group’s holding company, Ovostar Union N.V., held a 25% IPO on the Warsaw Stock Exchange in mid-June 2011 and raised $33.2 million. The majority stake in the company is owned by Prime One Capital Limited, which is controlled by its CEO Boris Belikov and Chairman of the Board Vitaliy Veresenko.
“Ovostar reported $1.65 million in net income for 2021, down 38 percent from 2020. Its EBITDA was down 29% to $5.7 million, while revenue increased 35% to $133.3 million.
Kernel, one of the largest Ukrainian agro-industrial groups, will not pay dividends for FY2022 (FY, July-2021-June-2022) due to the net loss of $41.1 mln incurred by the holding for the period.
According to the company’s announcement on the Warsaw Stock Exchange Tuesday night, the decision was made by the holding company’s shareholders at a meeting on Dec. 2022.
“Kernel Holding S.A. announces its annual general meeting of shareholders on Dec. 20, 2022, at which it declared a zero dividend for the fiscal year ended June 30, 2022,” the group said in a stock exchange statement.
“Kernel was the world’s number one producer of sunflower oil before the war (about 7% of world production) and its exports (about 12%), and was the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in cultivation of other agricultural products and their realization.
The largest co-owner of Kernel, through Namsen Ltd. is Ukrainian businessman Andrei Verevskyi, with a 39.3% stake.
In FY2022 (July-2021 – June-2022), the holding posted net loss of $41 mln against $506 mln net profit in the previous FY. Its revenue decreased by 5% – to $5.332 bln, while EBITDA decreased 3.7 times – to $220 mln.
PJSC “Enterprise with foreign investment (EFI) “Intervzryvprom” (Gorishni Plavni, Poltava region) at the end of 2021 increased its net profit in 2.6 times compared with 2020 – up to 113.354 million UAH from 43.858 million UAH.
According to the company’s announcement about the annual meeting of shareholders, which will be held on December 27, the undistributed profits at the end of last year amounted to 72.175 mln hryvnia.
The draft decisions of the meeting proposed to the shareholders to approve the profit received in 2021 in the amount of 113,354 mln hryvnia. Of these UAH 40,879 mln to be used for paying off the losses of previous years, UAH 1 mln 599,9 thousand for the formation of the reserve capital of the company and UAH 70 mln 875,1 thousand to be left undistributed.
Not to pay dividends on the results of activity of PrJSC in 2021.
The stockholders will also summarize the results of the company’s activity for 2021, approve reports and approve major transactions.
As it was reported, in 2004-2005 Intervzryvprom put into operation at Poltava Mining and Processing Enterprise a technological line for production of emulsion and a mixing and charging machine which was purchased in the USA.
PJSC Intervzryvprom Foreign Investment Company (FIC) was founded in May 2001. It is engaged in the production of explosives.
According to the data of the National Tax Service as of the fourth quarter of 2021, PrJSC Ukrainian Financial Company and Intervzryvprom Ltd have 24.9981% each of the company’s shares, while M&Q Trading Limited and West Industrial Investment company Ltd (both in Cyprus) have 24.9972% each.
Intervzivprom Ltd. was registered in September 2000 with the registered capital of 1.5 million hryvnias. The company’s beneficiary Konstantin Nosov (Kiev) owns a 99.2% stake. Among its main activities is the production of explosives.
The registered capital of PJSC Intervzryvprom is UAH 10.666 mln, and the par value of its shares is UAH 100.
