Credit Agricole Bank (Kyiv) has decided to pay UAH 428.025 million of dividends ($16.36 under the exchange rate of the National Bank of Ukraine (NBU) as of the date when the decision was made), including UAH 700 for privileged shares.
The bank reported in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was approved at a general meeting of the bank’s shareholders held on June 7.
UAH 0.35 will be paid per ordinary and privileged share.
The list of holders of privileged shares was made on January 31, 2018 and that for ordinary shareholders the list will be approved on June 22, 2018.
Payment of dividends for privileged shares started on June 8 and for ordinary shares it will start on June 23, 2018, but no earlier than the full payment to the holders of privileged shares.
Credit Agricole Bank was founded in 1993. Credit Agricole S.A. on January 1, 2018 owned a 99.9961% stake in PJSC Credit Agricole Bank.
Private joint-stock company Otis (Kyiv) plans to send all net profit for 2017 to pay dividends – UAH 18.835 million or UAH 27.98 per share.
The company reported that the issue will be discussed at an extraordinary general meeting of its shareholders scheduled for June 4, 2018.
ОТІS Investments L.L.C. (Wilmington, Delaware, the United States) would receive UAH 18.411 million and Liftovyk Society LLC – UAH 424,056.
In 2017, Otis cut net profit by 63% in 2017, to UAH 18.834 million and revenue fell by 35.8%, to UAH 477.87 million.
TAS Insurance Company (Kyiv) will pay UAH 44.7 million in dividends for 2017.
This decision was made at a shareholders’ meeting on April 30.
Dividends will be paid within six months from the date of making the decision. Payment will be made in three tranches: UAH 15.789 million, UAH 15.789 million, and UAH 13.138 million.
As reported, the retained earnings of TAS for the past year amounted to UAH 47.01 million, of which UAH 2.353 million will be used to replenish reserves, and UAH 44.7 million to pay dividends.
As reported, the company in 2016 paid UAH 16.845 million in dividends, in 2015 some UAH 10 million.
The ultimate beneficiary of TAS Insurance Company is ex-Deputy Prime Minister Sergiy Tigipko, the founder of TAS Group, which includes TAS Insurance Company and TAS Insurance Group.
PrJSC TAS Insurance Company has been operating in the Ukrainian market since 2000. It specializes in life insurance.
The charter capital of the insurer is UAH 93.322 million.
The shareholders of INGO Ukraine insurance company (Kyiv) at a meeting on April 26 made a decision to pay dividends in the amount of UAH 26.148 million, according to the official information of the insurer. Money is paid directly to non-resident shareholders in U.S. dollars at the NBU rate on the day of payment, to residents in the national currency. Payment is made in the amount of UAH 85.58 per share.
INGO Ukraine has more than 20 years of experience in the market. It has 28 licenses for various types of compulsory and voluntary insurance, provides insurance services to corporate and retail customers. The INGO Ukraine team is more than 500 employees in 25 branches operating in all regions of Ukraine.
The IBI-Rating agency confirmed the company’s long-term credit rating at the level of uaAA for 2017, the forecast is “stable” on the national scale.
The main shareholder of the company since 2017 has been the Ukrainian business group DevelopmentConstruction Holding (DCH) with a 99.99% share.
The shareholders of PJSC Raiffeisen Bank Aval (Kyiv) at an annual meeting on April 27 approved the payment of UAH 4.244 billion in dividends for 2017 (approximately 6.9 kopecks per share), the bank has said. According to its report, the bank’s net profit for the past year amounted to UAH 4.469 billion, of which UAH 700,000 will be used to pay dividends to the holders of preferential shares, and almost UAH 223.5 million to the reserve fund of the bank.
The shareholders also decided to change the type of the joint-stock company to a private joint-stock company, in connection with which the name of the bank was changed from PJSC Raiffeisen Bank Aval to JSC Raiffeisen Bank Aval, the release said.
The shareholders elected the supervisory board headed by Martin Grull. Andriy Stepanenko became his deputy. The members of the supervisory board were elected Joseph Eberle, Harald Kroeger, Robert Fritz, Andreea Moraru, Anna Derevyanko, Pavlo Sheremeta, and Daniel Bilak. Raiffeisen Bank Aval was founded in 1992. According to its data, as of January 1, 2018 Raiffeisen Bank International owned 68.28% of the charter capital of the financial institution, the EBRD some 30%. Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of January 1, 2018 (UAH 72.108 billion), according to the National Bank of Ukraine.
Shareholders in Ukraine’s major electric and thermal energy producing company Centrenergo have approved the payment of dividends for 2017 in the amount of UAH 1.418 billion, or UAH 3.84 per share. Centerenergo will pay UAH 1.1 billion in dividends to the state alone on the results of financial and economic activities in 2017,” Acting head of the State Property Fund Vitaliy Trubarov wrote on Facebook. He recalled that the state owns a 78.2% stake in Centrenergo.
Under the law, the funds should be transferred to the national budget before July 1 this year, he said.
According to the minutes of the shareholders’ meeting, it was decided to allocate 75% of net profit to pay dividends, while for 15% will be spent on replenishment of the reserve fund, and another 10% on the production development fund.
As reported, Centrenergo in 2017 increased its net profit by 4.9 times (by UAH 1.504 billion) compared to 2016, to UAH 1.891 billion. The company’s revenue grew by 2.1%, to UAH 10.919 billion, and its total value of assets increased by 17.4%, to UAH 10.074 billion. The minutes also said that Centrenergo’s undistributed profit had amounted to UAH 2.966 billion as of the beginning of 2018.
