Business news from Ukraine

Business news from Ukraine

Ukraine banned trading in shares of 39 joint-stock companies

26 September , 2023  

The National Commission on Securities and Stock Market (NSCM) banned trading in shares of 39 joint-stock companies of public interest, which are located in the controlled territories and have not held annual general meetings of shareholders on the results of 2021 and 2022.

“To prohibit from 00 h. 00 min. 26.09.2023g. trading in shares of joint-stock companies listed in the annex to this decision, namely: the execution by investment firms of transactions with shares of these joint-stock companies, related to the transfer of rights to securities and rights on securities,” – stated in the decision of the NCSSM № 1064 of September 25.

The JSCs included, in particular, “ArcelorMittal Kryvyi Rih” (AMKR), “Kryvyi Rih Iron Ore Combine” (KZhRK), “Kryvbasvzvzryprom”, “Pokrovsky GOK”, “Kremenchug Steel Works”, “Hemoplast, Dniprovsky Iron and Steel Works, Sumykhimprom, Nasosenergomash, Dniproazot, Azot and Rivneazot, Sumy Machine-Building NPO, Dniprotyazhmash, and Odessa Brandy Factory.

They also include Lviv Iskra Electric Lamp Plant, Borschagovsky Chemical and Pharmaceutical Plant (BCPP), Inter TV Channel, Novokramatorsk Machine-Building Plant (NKMZ), and Concern Khlebprom, “Concern Galnaftogaz, Bilotserkivska TPP, Naftogazvydobuvannya, Elba, Prosto-Strakhovanie, IC Vona, IC Omega, Eximnaftoprodukt, Odessnaftoprodukt, and Tatarbunarsk ATP No. 15143.

The list also includes Volynoblenergo and Ternopoloblenergo, as well as seven regional gas companies: Poltava, Vinnytsia, Kirovograd, Rivne, Volyn and Chernivtsygaz.

According to the regulator, the JSCs are in a situation when further circulation of their securities will violate the rights of investors.

National depository of Ukraine, self-regulatory organizations UAIB and PARD, as well as trade organizers are instructed to inform the Commission about the implementation of this decision within three days.

Source: https://www.nssmc.gov.ua/document/?id=13873320