Business news from Ukraine

IC Raritet will increase its authorized capital by almost 77%

At a meeting on May 3, shareholders of Rarity Insurance Company (Kyiv) decided to increase its authorized capital to UAH 53.7 million by conducting an additional issue of shares worth UAH 23.7 million.

As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue will be carried out by increasing the nominal value of shares from UAH 10 to UAH 17.9 by allocating to the authorized capital part of the profit earned by the company in 2018-2023.

“IC Raritet” PrJSC has been carrying out insurance activities since 1999. The company’s shareholders are four individuals – residents of Ukraine. The insurer operates on the basis of 17 licenses (5 compulsory and 12 voluntary types of insurance).