By KYIV. Dec 7 (Interfax-Ukraine) – The shareholders of PrJSC Ukrainian Mining and Metallurgical Company (UMMC, Kyiv), one of the largest metal service companies in Ukraine, supported the initiative to set up three regional companies Stozhary Kyiv LLC, Stozhary Zaporizhia LLC and Stozhary Mykolaiv LLC.
According to the company’s information in the system of the National Securities and Stock Market Commission, the decision to create three enterprises was made by the annual general meeting of shareholders held on December 1 of this year, which was held remotely.
According to the information, the decision was made to give consent to a significant transaction, namely, the formation by the company of the charter capital of three companies. At the same time, the charter capital of Stozhary Kyiv LLC will amount to UAH 174.5 million, Stozhary Zaporizhia LLC – UAH 69 million and Stozhary Mykolaiv LLC – UAH 5.5 million. The charter capitals are formed at the expense of the corresponding property complexes of UMMC in the indicated regions.
The value of the issuer’s assets according to the latest annual financial statements is UAH 238.206 million.
As reported, in 2021 UMMC reduced its net loss by 12.1 times compared to the previous year – to UAH 13.956 million from UAH 169.219 million. Its outstanding loss by the end of last year amounted to UAH 364.488 million.
UMMC was established in 1998. It occupies a leading position among Ukrainian metal traders in sales of rolled metal products and pipes.
According to the National Depository of Ukraine, for the fourth quarter of 2021, Lanacomo Limited and Leadpoint Holding (both Cyprus) each own 50% of UMMC shares.
The charter capital of UMMC is UAH 22.028 million, the par value of a share is UAH 1.
