Agro-industrial group of companies “Ovostar Union”, one of the leading producers of eggs and egg products in Ukraine, intends to refuse accrual and payment of dividends for 2021, and direct retained earnings for this period in the amount of $1.65 million to replenish working capital funds.
The company’s shareholders are invited to approve such a distribution of profits at the annual meeting on August 3, according to Ovostar’s report on the Warsaw Stock Exchange on Wednesday.
In addition, shareholders of the agro-industrial group are invited not to pay remuneration to members of its board of directors for 2021, as well as to call a tender to select an audit company for the preparation of the company’s financial statements for 2022.
The Ovostar Union group of companies is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The manufacturer has been a certified exporter to EU countries since 2015.
The holding company of the group is Ovostar Union N.V. in mid-June 2011, it held an IPO of 25% of the shares on the Warsaw Stock Exchange 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 of directors Vitaly Veresenko.
At the end of 2021, Ovostar received $1.65 million in net profit, which is 38% less compared to 2020. Its EBITDA fell 29% to $5.7 million, while revenue increased 35% to $133.3 million.
Minister of Foreign Affairs of Ukraine Dmytro Kuleba discussed with German Foreign Minister Annalena Baerbock the issues of toughening sanctions against the Russian Federation and strengthening the defense capability of Ukraine, and also thanked the German side for refusing to a demand of the Russian Federation to pay for energy in Russian currency.
“I spoke with Annalena Baerbock and thanked Germany for refusing to pay for Russian natural gas exports in rubles. Emphasized the need to impose new stiff sanctions on Russia. Informed on the frontline developments. The need to further strengthen Ukraine’s defense capabilities is urgent,” Kuleba wrote on Twitter on Saturday.
The Kyivstar mobile communication operator launches the service to pay for the 838 taxi service using SMS messages, the press service of the company reported on Thursday. According to the press release, the service is available to all Kyivstar prepaid subscribers in 15 cities of Ukraine where the 838 taxi service operates.
The payment is settled using the Kyivstar’s Smart-Money financial service. To do this, when ordering, one need to specify the Smart-Money payment method from Kyivstar or download the Taxi 838 application in the App Store or Google Play and select the appropriate form of payment. At the same time, one does not need to enter information about a credit card. It is enough for the subscriber to have the necessary amount on his mobile account. “The service is simple, safe and does not require a passenger to enter personal data,” the press service said, quoting Head of Kyivstar’s Mobile Financial Services Serhiy Koptik.
According to the operator’s estimates, more than 150,000 subscribers can potentially use the application. This is exactly the number of Kyivstar customers who have called the 838 taxi service over the past few months, although less than 17% of passengers used credit card payments. “This suggests that Ukrainians are still afraid of leaving information about their credit cards in applications,” Koptik said.
The operator said that more than 2,500 active services were posted on the Smart-Money platform, and more than 10 million transactions with it were implemented. The most popular services are payment for telecommunication services, national lotteries, online purchases, and public transport fares.
The Board of Directors of Myronivsky Hliboproduct (MHP) on March 19, 2019 approved the payment of annual dividends in the amount of $0.7492 per share for 2018, which is equal to approximately $80 million and the same as paid last year.
According to a company report on the website of the London Stock Exchange on Wednesday, the announcement will be published in a due course.
As reported, net profit of MHP in 2018 fell by 44.3% compared with 2017, to $128 million.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.
PJSC Koblevo (Mykolaiv region), one of the largest wineries in Ukraine, intends to pay UAH 80 million in dividends for 2015-2017.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the relevant issue was put on the agenda of an extraordinary general meeting of the company’s shareholders scheduled for September 27, 2018.
According to the draft decision on dividend payment, UAH 7.389 million will be paid for 2015, some UAH 68.103 million for 2016, and UAH 4.508 million for 2017.
Payment can be made from October 17, 2018 to March 26, 2019.
Koblevo is part of Bayadera Group, established in 1991. Its owners are Natalia Bondareva and Sviatoslav Nechytailo.
The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic drinks in Ukraine and Belarus, and is an exclusive importer of the world alcohol brands in Ukraine.
The main trademarks are Hlibny Dar, Kozatska Rada, Persha Gildiya, Celsius, Koblevo, Marengo, and others.
