European Travel Insurance (ETI, Kyiv) will allocate UAH 95 million of retained earnings for 2015-2021 (except for 2019) to pay dividends.
As the company reported in the NSSMC information base, this decision was made at the general meeting of shareholders on September 30, 2024.
Thus, UAH 3.895 million of the company’s retained earnings for 2015, UAH 7.655 million for 2016, UAH 15.473 million for 2017, UAH 16.1 million for 2018, UAH 14.7 million for 2020 and UAH 37.2 million for 2021 will be used to pay dividends.
Part of the profit for 2021, which is not directed to the payment of dividends in accordance with this decision and is not directed to increase the authorized capital in accordance with the minutes of the general meeting on April 27, 2023, will remain undistributed.
The announcement also specifies that dividends will be paid directly to shareholders from September 30, 2024 to March 30, 2025.
As reported, European Travel Insurance was founded in 2006. It holds one of the leading positions in the Ukrainian travel insurance market. The company is part of the non-banking financial group Euroinsurance Group.
In 2023, it collected insurance premiums in the amount of UAH 151.2 million, which is almost the same as a year earlier, and ended 2023 with a net profit of UAH 12.937 million.
Rush LLC, the owner of EVA network in Ukraine, will allocate UAH 133.8 mln from net profit for the second quarter of 2024 for dividends.
According to the company’s message in the information disclosure system of the National Commission for Securities and Stock Market (NCSSM), a single participant of the LLC made the relevant decision on September 27.
Thus, the distribution of 35% of net profit received in the second quarter of 2024, which amounts to UAH 133.8 mln, was approved for dividends. Accrual of dividends will be carried out no later than six months from the date of the decision.
Earlier, in July, the company allocated UAH 148.8 mln from the net profit for the first quarter of this year for dividend payment.
Rush LLC, which manages the EVA network, was founded in 2002. As of June 31, 2024, the chain had 1,080 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
According to the results of 2023, the company’s revenue increased by 33.7% to UAH 21 billion compared to 2022, net profit – by 26% to UAH 2.2 billion, the value of assets – by 45.2% to UAH 15.03 billion. In 2023, EVA paid UAH 2.02 bln of taxes and fees to budgets of all levels.
Druzhkovka Metalware Plant (DZMZ, Donetsk region) intends to allocate UAH 19.936 million to pay dividends based on the results of its operations in 2023.
This main issue is on the agenda of the general meeting of shareholders scheduled for October 18, 2024, which will be held remotely.
The draft decision provides for the payment of dividends from retained earnings for 2023 in the amount of UAH 0.30 per 1 share (total number of shares – 66 million 453,976 thousand). Dividends will be paid directly to shareholders.
In 2023, the net profit of the company amounted to UAH 24.049 million, and in 2022 – UAH 33.832 million.
At a meeting held on April 29, 2024, the shareholders decided to leave the profit for 2023 undistributed and not to accrue or pay dividends.
Druzhkovka Metal Products Plant specializes in the production of hardware products: bolts, nuts, rivets for general engineering, fasteners for the upper structure of railway tracks, high-strength fasteners for building and bridge structures. In May 2022, the company issued an order to terminate employment contracts due to Russia’s military aggression and the inability to carry out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk region, to Dnipro, Dnipro region.
According to the fourth quarter of 2022, the company’s shares were owned by an individual Oleksiy Spyridonov, who held 14.9949%, Olena Mishchenko-Solona (resident of Spain) – 13.0304%, Iryna Mishchenko – 24.5167%, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, Valeriy and Dmytro Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.
PrJSC Novoselovsky Mining and Processing Plant (NGOK, Kharkiv region) will pay dividends to shareholders in the amount of 0.08 kopecks per share, totaling UAH 3.4 million.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), on May 3, 2024, the annual general meeting of shareholders decided to allocate part of the net profit of 2023 in the amount of UAH 3.4 million to pay dividends to shareholders in cash.
“The amount of dividends per share is 0.08 kopecks (before taxes to be withheld and paid in accordance with the laws of Ukraine). On September 4, 2024, the company’s supervisory board decided that dividends based on the results of 2023 shall be paid in accordance with the decision of the general meeting held remotely by paying the entire amount of dividends in two parts through the depository system of Ukraine in accordance with the procedure established by law to shareholders included in the list of persons entitled to receive dividends as of September 19, 2024,” the company said in a statement.
At the same time, it was specified that the dividends will be paid between September 23 and October 25, 2024.
“Novoselovsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel and clay.
According to NDU’s data for the second quarter of 2024, Silica Holding LLC (Ukraine) owns 94.8205% of the company.
The authorized capital is UAH 21.25 million.
The shareholders of Ovostar agricultural holding have approved the proposal of the Board of Directors to abandon the payment of dividends based on the results of 2023 and allocate the entire net profit of $44.975 million to the retained earnings reserve.
According to the company’s announcement on the Warsaw Stock Exchange, the decision was made at the annual shareholders’ meeting on Wednesday, with 95.05% of the shareholders participating.
The general meeting decided to approve and accept the financial statements and the independent auditors’ report thereon.
In addition, it approved the reappointment of Markiyan Markevych as a non-executive director of the company.
The total remuneration paid to the directors of the agricultural holding during the year ending December 31, 2024, was set by the shareholders at an amount not exceeding EUR 500 thousand.
All directors of Ovostar from all management actions and any liability in relation thereto during the financial year ended December 31, 2023.
The shareholders also authorized the Board of Directors of Ovostar to hold a tender for the selection and appointment of the independent auditors of the agricultural holding for the financial year 2024 and to determine their remuneration.
Ovostar Union is one of the leading producers of eggs and egg products in Ukraine. “In 2023, Ovostar increased its net profit by 7.4 times to $45 million, EBITDA by 4.5 times to $50.4 million, and revenue by 20% to $162.5 million.
In mid-June 2011, the group’s holding company, Ovostar Union N.V., conducted an IPO of 25% of its shares on the WSE at PLN62 per share ($22.78 at the then exchange rate) and raised $33.2 million.
At the end of May this year, the owners of 65.93% of the shares announced that together with Fairfax Financial Holding they had accumulated 95.45% of the agricultural holding and were ready to buy out the remaining 4.55% of the shares held by minority shareholders. During the announced voluntary buyout at a price of PLN70 per share (about $17.5), they acquired another 56,027 shares, or 0.934%, and now own 96.383%.
“The offerors intend to exercise the squeeze-out right … in order to acquire 100% of the company’s shares at a price of PLN70 per share,” Ovostar said in early July, recalling its delisting plans.
Before the trading was suspended, Ovostar shares were listed at PLN68.4 per share, and after the announcement of the Cypriot regulator’s approval of the squeeze-out in early August, the price dropped by 1.44%.
Ovostar Agro Holding proposes that its shareholders waive the payment of dividends for the year 2023 and allocate the entire net profit of $44.975 million to the retained earnings reserve.
According to the company’s announcement on the Warsaw Stock Exchange, the relevant issue is on the agenda of the annual shareholders’ meeting scheduled for August 21.
Other issues include the re-election of one of Ovostar’s three non-executive directors, Markiyan Markevich.
As reported, the company last paid interim dividends for 2022 of EUR3.6 million at the rate of EUR0.65 per share, but then refused to pay the final dividend.
Ovostar Union is a vertically integrated holding company, one of the leading producers of eggs and egg products in Ukraine. “In 2023, Ovostar increased its net profit by 7.4 times to $45 million, EBITDA by 4.5 times to $50.4 million, and revenue by 20% to $162.5 million.
In mid-June 2011, the group’s holding company, Ovostar Union N.V., conducted an IPO of 25% of its shares on the WSE at PLN62 per share ($22.78 at the then exchange rate) and raised $33.2 million.
At the end of May this year, the majority shareholders of the agricultural holding, CEO Boris Belikov and board member Vitaliy Veresenko, who own 65.93% of the shares, announced that they, together with Fairfax Financial Holding, had accumulated 95.45% of the shares in the agricultural holding and were ready to buy out the remaining 4.55% of the shares held by minority shareholders. During the announced voluntary buyout at a price of PLN70 (about $17.5) per share, they acquired another 56,027 shares, or 0.934%, and now own 96.383%.
“The offerors intend to exercise the squeeze-out right … in order to acquire 100% of the company’s shares at a price of PLN70 per share,” Ovostar said in early July, recalling its delisting plans.
Currently, Ovostar shares are listed on the stock exchange at PLN68.6 per share.
