Vladyslav Andronov, Deputy Head of the Kyiv City State Administration, has been appointed Chairman of the Supervisory Board of PrJSC HC Kyivmiskbud, replacing Mykola Povoroznyk.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the supervisory board made the decision on January 29.
In turn, the territorial community of Kyiv, which owns 80% of the shares of PrJSC HC Kyivmiskbud represented by the Department of Communal Property, on January 26 announced the recall and termination of the powers of the chairman of the supervisory board, Mykola Povoroznyk, who had held this position since December 2022.
Since June 2022, Andronov has been the deputy head of the KCSA for self-government powers. Previously, he served as State Secretary of the Ministry of Agrarian Policy and Food from 2017 to 2021.
As reported, at the end of December 2023, Kyiv Mayor Vitali Klitschko instructed to form a new composition of the Supervisory Board and the Management Board of Kyivmiskbud PrJSC in a short time. Earlier, the head of the company, Ihor Kushnir, announced that he was stepping down as the company’s chairman of the board and president after 12 years of service.
The audit of Kyivmiskbud conducted by Baker Tilly Ukraine Consulting, NHD-Audit LLC and Ernst & Young LLC found no signs of actions to bring the company to bankruptcy, concealment of financial insolvency or massive transactions by related parties. At the same time, the auditors found that Kyivmiskbud’s operations were disrupted by external factors, including COVID-19, a full-scale war, and the Ukrbud factor.
On November 17, the commission approved an interim report with recommendations and proposals for the further work of Kyivmiskbud, including the purchase of apartments in Kyivmiskbud facilities, consideration of a financial loan or additional capitalization of the company. The TAC also recommended that the Kyiv City Council appeal to the Cabinet of Ministers of Ukraine to compensate Kyivmiskbud for the total planned losses associated with the completion of Ukrbud’s projects in the amount of UAH 2.28 billion.
HC Kyivmiskbud was established on the basis of the property of the state municipal construction corporation Kyivmiskbud in 1994 by merging controlling stakes in 28 enterprises and other assets in its authorized capital. The holding company consists of 40 joint-stock companies in which the company owns shares, six subsidiaries and 51 companies as associate members.
The main shareholder of PrJSC HC Kyivmiskbud, according to the NSSMC, is the Kyiv City Council (80%).
The shareholders of Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipro region) have renewed the composition of the Supervisory Board.
According to the company’s announcement in the NSSMC’s information disclosure system, the shareholders considered personnel issues at the general meeting on December 28, 2023.
At the same time, the meeting terminated the powers of the members of the Supervisory Board, re-electing for a new term the CTO and Chief Strategy Officer of ArcelorMittal Clarke David George, Chief of Staff of the CEO and Chairman of the ArcelorMittal Group Anna Escobedo, Independent Director Sergey Ishchuk, Independent Director Oleg Lagodienko and CFO of ArcelorMittal Europe; Vijay Goyal, CEO of ArcelorMittal Downstream Solutions; and Vijay Goyal, CEO of ArcelorMittal CIS. Also, Sonya Neffati, Head of Organizations and Human Resources at ArcelorMittal Luxembourg, was elected to the Supervisory Board.
In addition, the shareholders terminated the powers of the members of the audit committee and did not elect new ones in connection with the liquidation of this controlling body.
As reported, at the meeting, AMKR shareholders planned to approve the results of the company’s financial and economic activities in 2021 and 2022, determine the procedure for repayment of losses, and amend the company’s charter and bylaws.
AMKR ended 2022 with a net loss of UAH 49 billion 9.104 million, while in 2021 it made a net profit of UAH 25 billion 216.068 million. The outstanding loss by the end of 2022 amounted to UAH 3 billion 283.553 million. The value of assets halved to UAH 52 billion 682.761 million from UAH 105 billion 800.975 million in 2021.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.
Mittal Steel Corporation acquired a 93.02% stake in Kryvorizhstal at an open tender on October 24, 2005 for UAH 24.2 billion at a starting price of UAH 10 billion, after which the plant was renamed Mittal Steel Kryvyi Rih and later ArcelorMittal Kryvyi Rih.
According to the company, Arcelor Mittal Duisburg GmbH (Germany) owns 95.128% of its shares.
The authorized capital of the plant is UAH 3 billion 859.533 million.
Pharmaceutical Company “Zdorovye” LLC (Kharkiv) has changed its head and some members of the Supervisory Board (SB).
As the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the general meeting of the company on Wednesday terminated the powers of the head of the supervisory board Alexander Dorovskiy and member of the supervisory board Yegor Dorovskiy at his own request.
The meeting elected Vadim Demokhin, the company’s development director, as the head of the SB, and Valeria Burova, deputy director for quality and certification of “Health of the People” LLC, and Elena Shvinagir, director of “Research Plant GNCLS” LLC (Kharkiv), as members of the SB. According to the YouControl system, the co-owner of this LLC is Yegor Dorovskiy.
Established in 2001, Zdorovye pharmaceutical company produces more than 300 drugs of all pharmacotherapeutic groups. It is among the top 20 pharmaceutical companies in Ukraine, has certificates of compliance with GMP requirements of the European Union and Ukraine.
As reported, according to the results of 2021, the pharmaceutical company increased its net loss by 8.5% – up to UAH 39.559 mln.
According to Opendatabot, the owners of the pharmaceutical company Zdorovye are Pharmgruppe Zdorovye LLC and Research Plant GNCLS LLC. The ultimate beneficiary is Alexander Dorovsky (Poland).
Earlier, the media reported that the owner of the company is Alexander Shishkin, a member of the Defense and Security Committee of the Russian Federation Council.
Shareholders of IC Mega-Garant JSC (Kyiv) have decided to terminate the powers of the head of the Supervisory Board Roman Kipot, members of the Supervisory Board Oleksandr Batrak, Natalia Titova.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission, in addition, Alexander Volokhin, who has been director of Akvis Trade LLC, Kars Technoservice LLC, and Ivan Nizhnik, director of Nizhbud LTD LLC, has been appointed members of the Supervisory Board for the last five years.
As reported, the Motor (Transport) Insurance Bureau of Ukraine announced the company’s loss of associate member status from October 5, 2022. In connection with the temporary suspension of the licenses of IC “Mega-Garan”, including for the implementation of activities on compulsory insurance of civil liability.
Earlier, on August 1, the NBU temporarily suspended the licenses for insurance activities of IC Mega-Garant JSC due to violation of mandatory financial standards.
As the regulator noted, a significant part of the assets of Mega-Garant IC was placed with Megabank JSC, which was classified as insolvent, according to the decision of the NBU dated June 3, 2022.
As a result, IC Mega-Garant lost a large amount of eligible assets that ensure the solvency of the insurer, which led to the fact that, as of June 7, 2022, the insurer does not comply with the solvency and capital adequacy ratio, as well as the risk ratio of operations.
The NBU notes that the insurer has been given a period until September 30, 2022 to eliminate the violations that became the basis for applying the enforcement measure.
JSC “IC “Mega-Garant” is a part of the banking group JSB “Megabank”. It operates in the non-life segment, including OSAGO.
In the first quarter of 2022, the insurer collected UAH 116.4 million in insurance payments (more than 80% of which are OSAGO) and paid out UAH 4.5 million in insurance payments.
The company ranks 28th among the largest Ukrainian companies operating in the OSAGO market and has a 1.24% market share in insurance premiums for this type of insurance.
Shareholders of the National Insurance Company “Oranta” (Kyiv) re-elected the composition of the Supervisory Board at the meeting on September 20, the company reported in the information disclosure system of the National Securities and Stock Market Commission.
At the same time, Aleksey Bolkhovitinov, Artem Lisitsky, Aleksey Zosimov retained their membership in the Supervisory Board. Nikolai Safyannikov and Mikhail Ponomarenko dropped out of its membership, and Alexander Chorny (director of NS-Finance LLC) and Igor Gordienko (head of the board of IC INGO) were introduced.
As reported, Oranta collected UAH 1.182 billion in premiums in 2021, which is 24% more than in 2020. UAH 58.861 million (+13.8%) was transferred to reinsurance, of which UAH 39.470 million was transferred to residents, which is 37% more than a year earlier, UAH 19.391 million (-16%) to non-residents.
In the same year, the company made payments for UAH 442.930 million, which is 14.4% more than a year earlier. Payments from reinsurers amounted to UAH 21,660 thousand (2.5 times less).
As of December 31, 2021, the insurer’s reserves amounted to UAH 675.380 million (+11.9%), of which the part of reinsurers in insurance reserves amounted to UAH 64.501 million. Equity capital – UAH 322.485 million (+12.4%).
The company ended last year with a net profit of UAH 17.536 million, which is 2.6 times less than in 2020.
The authorized capital of the company has not changed and amounts to UAH 159 million.
JSC “NASK” Oranta “is the legal successor of “Ukrgosstrakh”, founded on November 25, 1921.
The main beneficiary of the LLC with 99.99% voting rights is Alexander Yaroslavsky.
The Cabinet of Ministers has published a resolution on the suspension of competitions for the heads and members of the supervisory boards of state-owned companies during martial law, except for Ukrenergo, NJSC Naftogaz Ukrainy, Ukrhydroenergo, the Ukrainian Sea Ports Authority, Boryspil International Airport and Energoatom, as well as members of the supervisory boards of state-owned banks.
As evidenced by government resolution No. 643 of May 31 on the governmental portal, the Cabinet of Ministers allowed the use of “technical means of communication,” including telephone and video conferences, to hold competitions for the heads of supervisory boards in state-owned companies that are especially important for the economy during martial law.
At the same time, the government suspended competitions for managers, heads of executive bodies and members of state-owned companies, which were announced before martial law, the document says.
The resolution also allows to appoint without competition, in agreement with the Cabinet of Ministers, heads and members of supervisory boards in state-owned companies of strategic importance for the economy and security of the state, whose asset value according to the latest financial statements or whose annual net income exceeds UAH 200 million, as well as enterprises important for the economy with assets over UAH 2 billion or an annual net income over UAH 1.5 billion.
At the same time, the Cabinet of Ministers obliged the relevant subjects of government to hold competitions for the heads and members of the supervisory boards, who were appointed outside the competitive selection, within three months after the abolition or termination of martial law, the document says.
