Business news from Ukraine

Ukrainian Exchange may increase its authorized capital by 20%

25 December , 2023  

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.

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