Bank Zemelny Capital (Dnipro) increases its charter capital by UAH 73.5 million, or 32.5%, to UAH 300 million, through an additional issue of shares.
According to a bank report in the information disclosure system of the National Commission on Securities and the Stock Market, the bank’s shareholders at a general meeting on November 8 decided to increase charter capital.
The bank will place common registered shares without making a public offer. The placement price will be UAH 100 per share, which is equal to its face value and is higher than its market value (UAH 95.65).
Bank Zemelny Capital was founded in 1994. According to the NBU, as of January 1, 2019 the owner of the bank’s significant stake was former Minister of Coal Industry Viktor Topolov (94.426049% of the shares).
Bank Zemelny Capital ranked 66th among 76 banks operating in country as of early October 2019 in terms of total assets (UAH 731.218 million), according to the NBU.