The shareholders of Slavgorod Reinforcing Plant PJSC (SAZ, Dnipropetrovs’k region) intend to conduct an additional share issue and increase the authorized capital (AC) by UAH 1,375,238.5 million.
The issue of the additional issue is on the agenda of the extraordinary shareholders’ meeting scheduled for November 24 this year.
“To increase the authorized capital of SAZ PJSC by placing additional shares in the amount of 5 million 500 thousand 954 pieces of existing nominal value at the expense of additional contributions in the amount of UAH 1 million 375 thousand 238.5,” the agenda states.
It is also assumed that the participants in the placement of shares (without a public offer) are exclusively the company’s shareholders: PJSC Promarmatura and PJSC Interindustry Component Base “Generalmashkontrakt”.
Slavgorod Valve Plant was founded in 1926 as a cast-iron valve manufacturing company. After reconstruction in 1965, it has specialized in the production of forged steel shut-off and control valves with manual and electric actuators, thermodynamic condensate traps, ball valves and cast iron stopcocks. In 2012-2014, the plant mastered mass production of shut-off and control valves for thermal power plants. In addition to pipeline valves, the plant also mass-produces products for the mining and machine-building industries.
According to the second quarter of 2023, Promarmatura owns 53.5661% of SAZ, and Intersectoral Assembly Base Generalmashkontrakt owns 22.0307%.
The authorized capital of SAZ PrJSC is UAH 45 thousand, the nominal value of a share is UAH 0.25.
At a meeting on September 21, the shareholders of Unives Insurance Company (formerly Professional Insurance, Kyiv) decided to allocate part of the profit received in 2022 in the amount of UAH 6 million to pay dividends.
As specified in the insurer’s message in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC), dividends will be paid only in cash within six months after the decision.
As reported, in January-March 2023, Unives collected UAH 1.223 million of net premiums, which is 9.4 times less than in the same period of 2022. Gross written premiums for the period amounted to UAH 144 thousand, while in the first quarter of the previous year they amounted to UAH 6.769 million.
The company paid out UAH 1.011 million in the three months under review, which is 3.1 times less than in the same period last year.
Administrative expenses of the insurer amounted to UAH 833 thousand (-18.8%), sales expenses – UAH 110 thousand.
Net profit decreased by 4.8 times to UAH 2.121 million.
Unives has been operating in the Ukrainian insurance market since 2003. It specializes in risk insurance. It is part of the Unives financial group. It holds 17 licenses for compulsory and voluntary insurance.
The authorized capital of the company is UAH 50 million.
The meeting of shareholders of “Busin” insurance company (Kyiv) on March 17 intends to terminate the authorities of Denis Ovchinnikov, the head of the board and to appoint Alexander Nepochatov to this position, the insurer reported in the information disclosure system of the National Commission on Securities and Stock Market.
As it was reported, Denis Ovchinnikov owns 12,495% of the company and has been heading the company for the last 5 years.
In March 2021, its shareholders Larisa Nepochatova and Alexey Ovchinnikov reduced their stake from 49.9% to 25%. In turn, Denis Ovchinnikov and Ivan Ovchinnikov have increased their stakes from 0.009% to 12.495%, Alexander Nepochatov – from 0.009% to 24.99%.
IC “Busin” in January-September 2022, the company has collected UAH 151,9 mln of gross premiums, which is by 71,57% less than a year before, net premiums have fallen by 23,70% to UAH 46,682 mln, earned premiums – by 30,91%, to UAH 52,596 mln.
During this period, the company has paid out UAH 649 th of insurance reimbursements, which is 76,59% less than during the same period of 2021. Thus, the level of payments has decreased by 0,09 p.p. – to 0,43%.
The financial result from operating activities of IC has amounted to UAH 11,269 mln, net profit has increased almost in six times – up to UAH 41,863 mln.
IC Busin was incorporated in February 1993. It specializes on risk kinds of insurance. It is a member of several professional and industry associations: League of Insurance Organizations of Ukraine, National Insurance Indemnity Club, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
LLC “Altair-Aktiv” owning 89.78% of shares of PJSC “Insurance company “Ultra Alliance” (formerly IC “Ultra” Kiev) reduced its stake to 0%, according to official information from the National Commission on Securities and Stock Market.
Also, it is noted that the shareholders of the company became Andrew Goreltsev, who owns 40.94% shares of the insurer and Viktor Moskalenko – 48.84%.
It was also informed that “Finance Group” LLC, which owned 9,97% earlier, has kept its stock at the same level.
The report also clarifies that Victor Moskalenko owns 54.4% of the authorized capital in “Altair-Aktiv” LLC, Andrei Goreltsev 9.98%, Leonid Parashchuk 7.43%, Olga Chuprina 9.41%, Igor Rudyak 6.69%, Liudmila Filinovskaya 6.69%, Liudmila Shchurova 5.40% of the authorized capital.
As reported, IC Ultra provides insurance services since 2004 and has 17 licenses for compulsory and voluntary types of insurance.
October 2, 2022 National rating agency “Rurik” has confirmed the long-term borrower rating of IC “Ultra Alliance” at level uaAA of investment category with the forecast “development” and insurer financial strength rating (stability) at level uaAА of investment category.
Alfa-Bank Ukraine, at the request of Interfax-Ukraine, confirmed that the remote meeting of the bank’s shareholders scheduled for August 12 had taken place and its decision to change the name of the bank to a new one – JSC Sense Bank will be made public next week.
“When the board decided on a new brand, the decision became obvious. For the last two years, our priority has been the development of the Sense SuperApp digital bank. Our bank has always been technological. This feature is now reflected in the name,” Chair of the bank’s Board Alla Komisarenko is quoted in the response.
The financial institution said that the meeting was one of the key stages in the legal procedures for changing the name, and the next step would be the registration of a new charter.
As previously noted in an interview with Interfax-Ukraine, ex-Minister of Finance of Bulgaria Simeon Djankov, who in the middle of April, in agreement with the National Bank, was given the right to vote in the majority stake in Alfa-Bank, the board of the financial institution decided to abandon the Alfa brand and continue working under a new brand.
“A few days after the start of the war, the board decided to abandon the Alfa-Bank brand. The bank does not want to have anything to do with the aggressor country, even at the level of associations and the brand that operates in Russia,” Djankov said, explaining the reasons for the renaming.
According to the bank, its largest shareholders at the moment indirectly are Andrei Kosogov (40.9614%, after the war he received packages of German Khan and Alexei Kuzmichev, who fell under the sanctions in the amount of 20.9659% and 16.3239%, respectively), Mykhailo Fridman (32.8632%), Petr Aven (12.4018%), UniCredit S.p.A. (Italy, 9.9%), Mark Foundation for Cancer Research (3.8736%). Djankov is a trustee of the NBU on the packages of Kosogov and Fridman and Aven, who fell under the sanctions.
Alfa-Bank Ukraine, according to the NBU, as of July 1, 2022, ranked seventh in terms of total assets (UAH 104.03 billion) among 68 banks operating in the country. The bank’s net loss, according to the National Bank, amounted to UAH 2.35 billion.
The general meeting of shareholders of a joint-stock company (JSC) during the war can only be held remotely, such changes to the decision on the functioning of the management bodies of the JSC for the period of martial law were made by the National Commission on Securities and the Stock Market of Ukraine (NKTSBFR).
“Their organization must comply with the rules of the Interim Procedure for Convening and Remote Holding of a General Meeting of Shareholders and a General Meeting of Participants of a Corporate Investment Fund,” the regulator said in a statement.
The corresponding decision of the National Securities and Stock Market Commission No. 250 of April 4 is published on its website and has already entered into force.
As previously reported, the Commission extended the powers of the management bodies of the JSC, which expire during the period of martial law, if it is impossible to hold a general meeting of shareholders.
“The general meeting of shareholders of the joint-stock company must be held within 90 days after the end of martial law,” the decision of the regulator No. 177 of March 16 specified.
By another decision, No. 176 of March 16, the NSMSC approved the procedure for holding a general meeting for the period of martial law. The key changes compared to the usual procedure was the possibility of placing a voting ballot in free access for shareholders no later than nine days, and candidates for JSC bodies no later than three days before the date of the meeting.
In addition, various protocols of the voting meeting can be signed with a qualified electronic signature.
Another condition for holding the meeting is the inclusion in the list of shareholders and notification of the owners of at least 95% of the company’s shares (excluding shares in the accounts of custodians who left the market and excluding shares bought out by JSCs).
