Business news from Ukraine

MILK ALLIANCE TO INCREASE CHARTER CAPITAL BY 35%

8 February , 2017  

KYIV. Feb 8 (Interfax-Ukraine) – Shareholders in private joint-stock company Milk Alliance (Kyiv) have decided to increase charter capital by 35%, to UAH 37.1 million, the company has reported in the information disclosure system of the National Commission for Securities and the Stock Market.

According to the report, the decision was made at a meeting of shareholders held on February 6.

Milk Alliance will privately place 8.2 million additionally issued ordinary shares with a face value of UAH 1. The market price and the placement price is UAH 1.07 per share.

The company would not attract an underwriter to place the shares.

The participant of the private placement is the only shareholder in the company – MilCo Holding.

PrJSC Milk Alliance is part of the eponymous group.

Milk Alliance unites Pyriatyn cheese factory, Bashtanka cheese factory, Horodenka, Trostianets, Novoarkhanhelsk and Zgurivka cheese factories, Zolotonosha butter factory, as well as Etalonmolprodukt and Etalon trade house sales companies.