Shareholders of Ukrainian businessman Serhiy Tihipko’s Dniprometiz PJSC (Dnipro) have decided to change its name to Dniprometiz TAS and transform the company into an LLC.
According to the company’s information in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), such a decision was made by the extraordinary general meeting of shareholders held on Friday.
It is explained that the reasons for such a decision are reduction of expenses on maintenance of the company, simplification of business processes and optimization of corporate management structure.
In the course of transformation Dneprometiz PJSC transfers all its property, rights and obligations under the transfer act to its legal successor Dneprometiz TAS LLC. The size of the authorized capital of LLC will be equal to the size of the authorized capital of PJSC. Upon transformation, all shareholders of the Private JSC become founders of the LLC.
As reported, “Dneprometiz” in the first half of the year-2023 received a net profit of UAH 17.253 million, while the same period last year ended with a net loss of UAH 12.346 million. In the first half of the year, net income increased by 15.4% to UAH 1 billion 426.222 million. The retained earnings of the company by the end of June 2023 amounted to UAH 257.336 million.
“Dneprometiz” in 2022 decreased net profit six times compared to the previous year – to 25.572 million UAH, net income increased by 1.1% – to 2 billion 474.397 million UAH.
“Dneprometiz” produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons of products per year.
According to the NDU data for the first quarter of 2023, T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578% of Dneprometiz shares.
The authorized capital of Dniprometiz PJSC is UAH 83.480 mln, the nominal value of a share is UAH 68.08.
PJSC “Dniprometiz” (Dnipro) of Ukrainian businessman Serhiy Tihipko following the results of work in January-June this year received a net profit of UAH 17.253 million, while the same period last year ended with a net loss of UAH 12.346 million.
According to the company’s interim report, in the first half of 2023, net income increased by 15.4% to UAH 1 billion 426.222 million.
At the same time, the company’s retained earnings by the end of June 2023 amounted to UAH 257.336 million.
As reported, “Dneprometiz” at the end of January-March of this year received a net profit of UAH 17.581 million, while ended the same period last year with a net loss of UAH 8.645 million. For the first quarter of 2023 net income increased by 54% to UAH 683.802 million.
“Dneprometiz” in 2022 decreased net profit six times compared to the previous year – to 25.572 million UAH, net income increased by 1.1% – to 2 billion 474.397 million UAH.
“Dneprometiz” produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons of products per year.
According to the NDU data for the first quarter of 2023, T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578% of Dneprometiz shares.
The authorized capital of Dniprometiz PJSC is UAH 83.480 mln, the nominal value of a share is UAH 68.08.
Dneprometiz PJSC (Dnipro) of Ukrainian businessman Serhiy Tihipko following the results of work in January-March this year received a net profit of UAH 17.581 million, while the company finished the same period of the last year with a net loss of UAH 8.645 million.
According to the interim report of the company, in the first quarter of 2023 net income increased by 54% up to UAH 683.802 mln.
At the same time, the undistributed profits of the company by the end of March 2023 amounted to UAH 257.664 mln.
As it was reported, Dneprometiz in 2022 decreased its net profit six times compared to the previous year – up to UAH 25.572 mln, net income increased by 1.1% – to UAH 2.474.397 mln.
“Dneprometiz produces metalware of low-carbon steel. The company has a capacity of 120 thnd mt of products per year.
According to the NDU for the fourth quarter of 2022, T.A.S. Overseas Investments Limited (Cyprus) holds 98.6578% shares of Dneprometiz.
The charter capital of Dneprometiz is UAH 83.480 mln and the par value of the shares is UAH 68.08.
The Antimonopoly Committee of Ukraine permitted Cypriot Agimant Limited of the Ukrainian businessman Sergiy Tigipko to acquire 100% of Dealzone Holding Ltd. (Rod Town, British Virgin Islands), which owns 98.6578% of shares of one of the largest enterprises for the production of metal products in Ukraine PrJSC Dneprometiz.
“On October 8, the committee granted Agimant Limited permission to acquire sole control over Dealzone Holding Ltd. by concluding a shareholder agreement between Agimant Limited and Sartorius Limited,” the committee said in a statement.
According to the report, Sartorius Limited controlled Dealzone Holding Ltd. thanks to the availability of a veto.
The committee also said that Sartorius Limited, which intends to transfer control, is not bound by control relations with Tigipko’s TAS Group or any business entities-residents of the Russian Federation, which are subject to special economic and other restrictive measures (sanctions).
According to the public register, Oleh Artemiev from Dnipro is the beneficiary of Sartorius Limited. Through this company, he controls Granit Invest-Rokytne LLC and Rokytne Granit Quarry in Kyiv region with revenue UAH 7 million and UAH 3.1 million in 2019 respectively.
Sartorius Limited for some period this year was also the owner of Rubezh Invest LLC after the company whose beneficiary was Tigipko, but now Yevhenia Kurnosenko from Dnipro is the beneficiary of this limited liability company through Technoprom SKD LLC.
In the public register, Tigipko is listed as the beneficiary of Dneprometiz; earlier, Alexey Mordashov, co-owner of Severstal (Russia), acted as the beneficiary.
According to the information disclosure system of the National Securities and Stock Market Commission for the second quarter of 2020, Dealzone Holding Ltd. held 98.6578% of the shares of Dneprometiz.
As reported, the Antimonopoly Committee on April 25, 2019 considered the issue of the purchase of the Dneprometiz enterprise by the TAS group from the sanctioned Severstal and admitted violations of the legislation on the protection of economic competition in the transaction, imposing a fine of UAH 55 million on the TAS group.
The Kyiv business court overturned the decision of the Antimonopoly Committee to impose the fine and refuse to grant this acquisition.
