By KYIV. Dec 26 (Interfax-Ukraine) – Ovostar Union Agricultural and Industrial Group, one of the leading producers of eggs and egg products in Ukraine, will distribute EUR 3.6 million in interim dividends for 2022 at the rate of EUR 0.65 per share, the company announced on the Warsaw Stock Exchange.
The beneficiaries of the dividend will be the shareholders who on January 13, 2023 will duly confirm their holding of shares of the company. The payment date will be made not later than January 27, 2023.
The Ovostar Union group of companies is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The manufacturer has been a certified exporter to EU countries since 2015.
The holding company of the group is Ovostar Union N.V. in the middle of June 2011, it held an IPO of 25% of the shares on the Warsaw Stock Exchange and raised $33.2 million. The majority stake in the company is owned by Prime One Capital Limited, which is controlled by its CEO Borys Bielikov and chairman of the board of directors Vitaliy Veresenko.
Ovostar saw $1.65 million in net profit in 2021, which is 38% less compared to 2020. Its EBITDA fell by 29% to $5.7 million, while revenue increased 35% to $133.3 million.
