Ukrainian Exchange JSC (UX, Kyiv), one of the three Ukrainian stock exchanges, may increase its authorized capital by UAH 9.994 million, or almost 20%, to UAH 60 million.
According to the exchange’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue is to be discussed at an extraordinary remote shareholders’ meeting on January 19 next year.
“To increase the authorized capital by UAH 9,994,000 by placing an additional 9,994 ordinary registered shares of the existing nominal value at the expense of additional contributions without a public offer,” the draft decision states.
According to the NSSMC disclosure system, the exchange’s largest shareholders at the end of the third quarter were Freedom Holding Corp. (USA) – 24.2651%, former Finance Minister of Ukraine Yuriy Kolobov – 8.9989%, Cyprus-based Dragon Capital Investments Limited – 7.4031%, Exchange Chairman Artemiy Yershov – 6.9032%, and Exchange Development Director Oleksiy Sukhorukov – 5.9193%.
UX ended 2022 with a net loss of UAH 4.513 million after a net profit of UAH 9.042 million a year earlier, and its revenue fell 7.4 times to UAH 2.378 million.
The Index Committee of the Ukrainian Exchange (UX) decided to include Kernel (ticker KER) and Krukiv Wagon Works (KVBZ) shares in the index basket, which was recently deprived of Ukrnafta and Motor Sich because of their alienation by the government.
According to the decision, they will be included in the index from December 16.
Kernel shares were added to the waiting list a year ago. The main trading floor for them is the Warsaw Stock Exchange.
“Ukrnafta had 22.85% in the index basket, while Motor Sich had 33.06%.
After this withdrawal only five securities remained in the UX index basket: MHP with a weight of 26.29%, Centrenergo with 9.57%, Raiffeisen Bank with 6.45%, Ukrenergomashiny (formerly Turboatom) with 0.89%, and Donbasenergo with 0.88%.
“Ukrainian Exchange” was founded on May 15, 2008 by the leading participants of the Ukrainian securities market together with the Russian stock exchange RTS, which later merged with the “Moscow Exchange”. UB was the first to launch an order market, Internet trading, repo market, central counterparty settlement and futures market. However, in mid-July 2018, the exchange suspended trading in all securities in a no-address order mode due to a ban on the use of Moscow Exchange software in its operations.
In March 2019, UB announced that it would resume trading in the bid market on a new platform.
Currently, the exchange is among the three largest securities traders on the Ukrainian market.
The Ukrainian Exchange (UX) on Friday decided to exclude from its exchange list the shares of Ukrnafta and Motor Sicha, which were alienated in favor of the state by a November 6 decision of the Supreme Commander-in-Chief’s Staff.
“The following securities have been excluded from the Exchange list since Nov. 14, 2022 due to the lack of free float of shares: MSICH – Motor Sich and UNAF – Ukrnafta,” the message on the exchange website reads.
Earlier this week, these shares were excluded from the exchange basket.
Despite the alienation of all shares on November 6, there are still applications for the purchase of “Ukrnafta” shares on the Exchange, and their price rose to 377 UAH per share, although the day before the alienation of shares were quoted at 229.69 UAH per share, which corresponds to the capitalization of about 12.5 billion UAH.
“Ukrnafta had 22.85% in the index basket, while Motor Sich had 33.06%.
As reported, the rate of Supreme Commander in Chief on November 5 decided to withdraw shares of Ukrnafta, Ukrtatnafta (excluding the share of Naftogaz of Ukraine), Motor Sich, AvtoKrAZ and Zaporizhtransformator as military property of the state during martial law. This was done on November 6 after the regulator regulated the procedure by the National Commission for Securities and Stock Market.
In Ukrnafta, the controlling interest belongs to Naftogaz of Ukraine, while the minority stake of about 42% belongs to the so-called Privat Group owned by Igor Kolomoyskyy and Gennady Bogolyubov, while in Ukrtatnafta (Kremenchug refinery) the situation is reversed.
The circulation of all shares of Motor Sich, the largest owner of which was the recently arrested president of the company Vyacheslav Boguslayev, has been blocked since April 2018 after the sale of a controlling stake in the Chinese Skyrizon and related parties a year earlier.
“AvtoKrAZ” and “Zaporozhtransformator,” controlled respectively by Konstantin Zhevago and Konstantin Grigorishin, have been in bankruptcy proceedings for the past few years.
“The Ukrainian Exchange was founded on May 15, 2008 by the leading participants of the Ukrainian securities market together with the Russian Stock Exchange RTS, which later merged with the Moscow Exchange. UB was the first to launch an order market, Internet trading, repo market, central counterparty settlement and futures market. However, in mid-July 2018, the exchange suspended trading in all securities in a no-address order mode due to a ban on the use of Moscow Exchange software in its operations.
In March 2019, UB announced that it would resume trading in the bid market on a new platform.
The exchange is currently among the three largest securities traders on the Ukrainian market.
