By KYIV. Nov 7 (Interfax-Ukraine) – The National Securities and the Stock Market Commission has settled the issue of custody accounting of depositary operations for the forced alienation of shares in the ownership of the state, the issuers of which are PJSC Ukrnafta, PJSC Ukrtatnafta, JSC Motor Sich, PrJSC AvtoKrAZ and PJSC Zaporozhtransformator (ZTR).
The relevant decision was approved by the Commission at an extraordinary meeting on November 6.
According to an informed source in the regulator, this decision is aimed at implementing a decision taken by another state body.
In addition, on the same day, the National Securities and Stock Market Commission allowed the holding of meetings of joint-stock companies during martial law, if there are no more than five shareholders in them and if they own 100% of the shares, while until recently it allowed only remote meetings.
In Ukrnafta, the controlling stake is owned by NJSC Naftogaz Ukrainy, while a minority stake of about 42% belongs to the so-called Privat group of Ihor Kolomoisky and Hennadiy Boholiubov, while in Ukrtatnafta (Kremenchuk Oil Refinery), the situation is reversed.
The circulation of all shares of Motor Sich, the largest owner of which president of the company Vyacheslav Bohuslayev was the recently arrested, has been blocked since April 2018 after the sale of a controlling stake to Chinese Skyrizon and related persons a year earlier.
AvtoKrAZ and Zaporizhtransformator, controlled respectively by Kostiantyn Zhevaho and Konstantin Grigorishin, have been in bankruptcy proceedings in recent years.
