By KYIV. Nov 28 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine, by resolution No. 1235 dated November 17, 2023, which entered into force on November 28, amended the charter of PJSC Export Credit Agency (ECA), the agency reported in the information disclosure system of the National Securities and Stock Market Commission.
The changes apply to owners of common shares. The new version of the charter, among other things, stipulates that each common share of the company provides the shareholder with the same rights. These include, in particular, the right to participate in the management of the company, to receive dividends, and in the event of liquidation of the company – part of its property, in proportion to the number of shares owned by it, to receive information about its economic activities, if it does not constitute a state secret, and on the appointment of representatives to the general meeting of shareholders and their recall. At the request of shareholders, the company is obliged to provide shareholders with documents and information for review in accordance with the law.
Changes to the charter are subject to state registration in accordance with the legislation on state registration of legal entities, individual entrepreneurs and public groups.
In addition, according to another ECA report in the National Securities and Stock Market Commission’s system, the Ministry of Economy of Ukraine, as the body authorized by the Cabinet of Ministers for managing ECA’s corporate rights, on November 27 decided to grant consent for the agency to carry out a significant transaction. It is about concluding an agreement (reimbursement agreement) to ensure payment of compensation to insurance companies and reinsurance companies for expenses incurred in connection with the execution of insurance and reinsurance contracts, with a maximum total value of $20 million.
The value of ECA’s assets, according to the latest annual financial statements for 2022, is UAH 1.793 billion. The market value of the property or services that are the subject of the transaction is $20 million, which corresponds to UAH 720.974 million, or 40.2% of the value of ECA’s assets.
