Board Chairman of IMC agricultural holding Oleksandr Petrov on May 24 bought 60,000 shares of the company at a price of PLN 27.99 per share for a total of PLN 1.68 million ($458,470 at the rate of the National Bank of Poland as of May 26), thereby increasing his share in the charter capital to 79.86%.
According to the report of IMC on the website of the Warsaw Stock Exchange on Wednesday, Petrov personally and through his companies Richmarket Investments Ltd and Agrovalley Limited owns 26,437,463 shares of IMC.
According to the Warsaw Stock Exchange, since the beginning of the year, the IMC share price has increased by 51.2%, from PLN 18.25 to PLN 27.60, and by 2.4 times over the year (on May 24, 2020, the IMC share price was PLN 11.50).
Agroholding IMC specializes in the cultivation of grain, oilseeds and milk production in Ukraine. It processes about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions. It owns facilities for storing 554,000 tonnes of grain and oilseeds.