PJSC Ukrainian Graphite (Ukrgraphite, Zaporizhia) intends to conclude an agreement to supply graphite products to the UK by the end of the year worth up to EUR50 million.
According to the company, the board of directors of Ukrgraphite has decided to “conclude a foreign economic contract for the supply of graphite products with CARBON CONSTRUCTION & TRADING LIMITED, Edinburgh, UK, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding €50 million.” Edinburgh, United Kingdom, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding EUR 50 million or its equivalent in the national currency of Ukraine or US dollars.”
It is specified that such plans were approved based on the decision of the general meeting of shareholders to give preliminary consent to the company’s board of directors to perform significant transactions regarding the conclusion of agreements, deals, and contracts with the relevant counterparty.
In accordance with the law, the market value of the property or services that are the subject of the transaction is UAH 2 billion 427.510 million.
The value of the issuer’s assets, according to the latest annual financial statements, is UAH 4 billion 384.136 million.
Eight of the nine elected members participated in the board of directors meeting and voted unanimously.
Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal, and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical, and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.
