The shareholders of PrJSC “Production Association “Stalkanat” (Odesa) intend to allocate UAH 60 million 511.837 thousand for dividends at the rate of UAH 0.58 per share from the profit for 2023.
This issue is included in the agenda of the general meeting of shareholders scheduled for April 18 this year, which is held remotely.
The draft decision specifies the dividend payment period – until October 31, 2024.
The payment will be made directly to shareholders’ accounts.
The shareholders will also summarize the company’s performance in 2023, in particular, they will hear the CEO’s report on the company’s financial and economic activities for the past year, determine the main areas of activity, and make decisions based on the results of the report. They will also consider the report of the Supervisory Board for 2023 and the auditor, and make decisions on them.
They will also decide on the distribution of the company’s profit for 2023. It is proposed to allocate UAH 60.5 million to dividends, and leave the rest of the profit undistributed. At the same time, the documents do not specify the amount of profit earned by the company in 2023.
As reported, the extraordinary general meeting of shareholders of PAO Stalkanat held on February 22, 2024, decided to conduct an additional issue of shares with a doubling of the company’s authorized capital. It is planned to place an additional 104 million 330,753 thousand ordinary registered shares with an existing par value of UAH 0.17 and increase the authorized capital from UAH 17 million 736 thousand 228.01 to UAH 35 million 472 thousand 456.02.
The placement of shares will be carried out in one stage from May 1 to May 31, 2024 inclusive (exclusively among persons who are shareholders as of February 22, 2024).
According to the official information of the company, 100% of the funds raised from the share issue in the amount of UAH 17 million 736.228 thousand will be used to repay the obligations under the loan agreement dated September 28, 2012 between PJSC “Stalkanat” and the First Ukrainian International Bank (FUIB).
The company’s information states that no dividends were accrued or paid in 2019, 2020, and 2021. According to the results of 2022, dividends in the amount of UAH 197 million 185.123 thousand were accrued and paid, excluding taxes, in the amount of UAH 1.89 per share. In 2023, dividends were accrued in the amount of UAH 105 million 374,060 thousand and paid out, net of taxes, in the amount of UAH 1.01 per share. Also, on February 22, 2024, the meeting decided to allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share. The dividend payment period is from March 20 to August 14, 2024.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
As of January 22, 2024, David Nemyrovsky holds a 50% stake, Anton Mikhalenko – 23.7%, Maria Kondratyuk – 23.1%, and Vitaly Dubovich – 3.199998%.
The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.
The shareholders of Forte Life Insurance Company (Kyiv) at a meeting on February 23 decided to increase the authorized capital by UAH 31 million to UAH 48 million, according to the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC).
It is also noted that the nominal value of one share is UAH 1 thousand, and the placement price is UAH 4,541 thousand.
The purpose of the placement of securities is to bring the authorized capital in line with the Law of Ukraine “On Insurance”. The proceeds will be used to place on deposit accounts in banking institutions, purchase domestic government bonds, and acquire other assets acceptable in accordance with the Law of Ukraine “On Insurance” and the regulations of the National Bank.
The notice also specifies that the placement of shares may lead to a change of ownership of a large block of shares in the issuer. At the time of the decision, the owner of 99.8% of the company’s authorized capital is Oksana Kuleshina.
As reported, Forte Life Insurance Company (formerly Insurance Union Life), registered in 2005, specializes in providing life insurance services.
In February 2021, the company announced that Astrum Ukraine LLC, which owns 99% of the shares of Forte Life Insurance Company (Kyiv), reduced its stake to 0%, and Oksana Kuleshina became the owner of this stake.
The shareholders of PrJSC “Production Association “Stalkanat” (Odesa) intend to reconsider the issue of allocating UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share from retained earnings for part of 2022.
This issue is included in the agenda of the extraordinary general meeting of shareholders scheduled for February 22 this year, which is held remotely.
The draft decision sets a new dividend payment deadline of August 14, 2024.
The payment will be made directly to shareholders’ accounts.
Earlier, the extraordinary general meeting of shareholders of PJSC “PA “Stalkanat” held on November 14, 2023, allocated UAH 60 million 511 thousand 836.74 to pay dividends from retained earnings for 2022, assuming that there were UAH 0.58 of dividends per share. The dividend payment period was previously set from December 5, 2023 to May 14, 2024.
At the meeting on February 22, 2024, the shareholders also intend to renew the composition of the Supervisory Board. In addition, they intend to increase the amount of previously approved agreements for the purchase of raw materials for production.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
According to the company, as of the end of 2022, David Nemyrovsky (Ukraine) holds 50.0001% of Stalkanat shares, Anton Mikhalenko – 23.7%, Eder Liron (both Israel) – 23.1%, and Vitaly Dubovich (Ukraine) – 3.1999%.
The authorized capital of Stalkanat is UAH 17.736 million, with a par value of UAH 0.17 per share.
The shareholders of Gliny Donbassa PrJSC (Shlyakhove village, Donetsk region) intend to select an audit company to audit the financial statements for 2023.
“To select and appoint an audit entity to provide services for the statutory audit of the company’s financial statements for the year 2023 (for the period from January 1, 2023 to December 31, 2023),” reads the agenda of the extraordinary shareholders’ meeting scheduled for December 29, which will be held offline.
As reported, in 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021 – to UAH 32.217 million from UAH 302.512 million, with retained earnings at the end of the year amounting to UAH 228.193 million.
Hlyny Donbassa was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.
As reported, at the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.
According to the fourth quarter of 2022, Watts Blake Bearne International Holdings B.V. owns 99% of the company.
The authorized capital of Gliny Donbassa PrJSC amounts to UAH 526.9 thousand.
The shareholders of Slavgorod Reinforcing Plant PJSC (SAZ, Dnipropetrovs’k region) intend to conduct an additional share issue and increase the authorized capital (AC) by UAH 1,375,238.5 million.
The issue of the additional issue is on the agenda of the extraordinary shareholders’ meeting scheduled for November 24 this year.
“To increase the authorized capital of SAZ PJSC by placing additional shares in the amount of 5 million 500 thousand 954 pieces of existing nominal value at the expense of additional contributions in the amount of UAH 1 million 375 thousand 238.5,” the agenda states.
It is also assumed that the participants in the placement of shares (without a public offer) are exclusively the company’s shareholders: PJSC Promarmatura and PJSC Interindustry Component Base “Generalmashkontrakt”.
Slavgorod Valve Plant was founded in 1926 as a cast-iron valve manufacturing company. After reconstruction in 1965, it has specialized in the production of forged steel shut-off and control valves with manual and electric actuators, thermodynamic condensate traps, ball valves and cast iron stopcocks. In 2012-2014, the plant mastered mass production of shut-off and control valves for thermal power plants. In addition to pipeline valves, the plant also mass-produces products for the mining and machine-building industries.
According to the second quarter of 2023, Promarmatura owns 53.5661% of SAZ, and Intersectoral Assembly Base Generalmashkontrakt owns 22.0307%.
The authorized capital of SAZ PrJSC is UAH 45 thousand, the nominal value of a share is UAH 0.25.
At a meeting on September 21, the shareholders of Unives Insurance Company (formerly Professional Insurance, Kyiv) decided to allocate part of the profit received in 2022 in the amount of UAH 6 million to pay dividends.
As specified in the insurer’s message in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC), dividends will be paid only in cash within six months after the decision.
As reported, in January-March 2023, Unives collected UAH 1.223 million of net premiums, which is 9.4 times less than in the same period of 2022. Gross written premiums for the period amounted to UAH 144 thousand, while in the first quarter of the previous year they amounted to UAH 6.769 million.
The company paid out UAH 1.011 million in the three months under review, which is 3.1 times less than in the same period last year.
Administrative expenses of the insurer amounted to UAH 833 thousand (-18.8%), sales expenses – UAH 110 thousand.
Net profit decreased by 4.8 times to UAH 2.121 million.
Unives has been operating in the Ukrainian insurance market since 2003. It specializes in risk insurance. It is part of the Unives financial group. It holds 17 licenses for compulsory and voluntary insurance.
The authorized capital of the company is UAH 50 million.
