Business news from Ukraine

Business news from Ukraine

Shareholders of Rivne Radio Technical Plant to complete voting on March 2

The public joint-stock company Rivne Radio Technical Plant (Rivne) is convening an extraordinary general meeting of shareholders in a remote format, with the date of the meeting being the date of completion of voting – March 2, 2026, according to a statement in the SMIDA information disclosure system.

The meeting will take the form of a survey. The list of shareholders eligible to participate will be compiled as of 23:00 on February 25, 2026. Ballots for voting (except for cumulative voting) are planned to be made freely available on February 13, 2026, and a single ballot for cumulative voting will be made available on February 24, 2026.

The draft agenda includes, in particular, issues related to amendments to the charter (new version), early termination of the powers of the current members of the supervisory board and election of new members, establishment of the term of office of the elected members of the supervisory board (3 years is proposed), approval of the terms of civil law contracts with members of the supervisory board, as well as preliminary consent to significant transactions during the year with a maximum total value of up to UAH 1 billion and compensation for the costs of organizing the meeting.

PJSC Rivne Radio Technical Plant was registered on February 15, 1996, and its main activity is the production of communications equipment (KVED 26.30). Its authorized capital is UAH 11.21 million. According to state registry services, the state’s share in the company is 50% (through the regional branch of the State Property Fund of Ukraine in Rivne and Zhytomyr regions).

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Ukraine will once again put up for sale 50%+1 share of Rivne Radio Technical Plant

A repeat auction for the privatization of 50%+1 share of PJSC Rivne Radio Technical Plant, which has not been operating since 2013 and has been declared bankrupt, will take place on July 14 at half the initial price of UAH 60.78 million.
According to data in the Prozorro.Prozazhi system, the initial auction scheduled for July 4 did not take place due to a lack of bids. The sale price of the controlling stake (22,423,190 shares) was UAH 121.56 million.

The plant is located 4 km from the M-06 Kyiv-Chop international highway. The balance sheet of the company, which manufactured communications equipment, includes seven real estate properties with a total area of 68,795 square meters. The real estate properties owned by the PJSC are located on a land plot with a total area of 11.38 hectares and are owned by the municipality.

“Among the additional advantages of the asset are its connection to all necessary utilities and the absence of any restrictions on its use. This makes the property an ideal platform for relocation or expansion of existing production,” according to the FGI.
The buyer is obliged to pay off wage arrears and debts to the budget (as of the date of transfer of ownership) within six months, as well as to prevent the dismissal of employees.

According to the FGI, as of March 30, 2025, the company’s overdue accounts payable amounted to UAH 55.21 million, including UAH 12.66 million in wages, UAH 1.9 million in taxes, and UAH 1.17 million in insurance. According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2025, apart from the state, the list of shareholders owning more than 5% of the LLC’s charter capital includes Oleg Maryanchik (5.43% of shares).

The Rivne Radio Technical Plant was once one of the largest enterprises in the region.

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