Dnipro Aluminium Plant (Dnipro), which produces aluminum profiles, intends to allocate 64.93% or UAH 10 million of its net profit for 2023 as dividends at the rate of UAH 6,440 per ordinary registered share with a par value of UAH 1,846.1.
The relevant issue was included in the agenda of the extraordinary general meeting of shareholders scheduled for February 4 this year, which was published in the system of the National Securities and Stock Market Commission (NSSMC).
The dividend payment period is proposed to be set from February 21 to August 4, 2025.
According to the company, the remaining UAH 5.402 million of net profit (or 35.07%) is proposed to be left undistributed.
The agenda also includes the issue of shareholders’ prior consent to enter into transactions during the year with a total maximum amount of UAH 130 million, including contracts for the supply of car windows for Ukrzaliznytsia and Kyiv Electric Car Repair Plant, industrial enterprises for up to UAH 100 million, as well as contracts for the provision of banking services for UAH 30 million.
In addition, the shareholders intend to consider entering into a general agreement with the First Ukrainian International Bank for the provision of banking services with a general limit (lending/overdraft/guarantees/bill avalization) of UAH 30 million and valid until September 25, 2029.
Dnipro Aluminium Plant was registered in July 1997. It produces aluminum profiles using Italian equipment, including general-purpose profiles and TEKNO building profile systems under the license of the Italian S.L.L. SPA.
According to the Clarity Project, in 2023, the plant’s net income increased by 57% compared to 2022, with net profit increasing more than 7 times to UAH 15.4 million.
Retained earnings amounted to UAH 48.67 million.
As of the third quarter of 2024, the company’s CEO Oleh Danchenko owns 28.3323% of the company’s shares, his son Oleksandr owns 6.5035%, Mykhailo Senektutov owns 19.2531%, Ivan Sosnovsky owns 14.2949%, and Igor Levin owns 14.2305%.
The authorized capital of the company is UAH 19.95 million.
