Largest Ukrainian exchange PFTS intends to double charter capital

Moscow. Jan 9 (Interfax) - The PFTS Stock Exchange, the largest in terms of trading volume in Ukraine, plans to increase its charter capital UAH 30 million (94%) from UAH 32.01 million to UAH 62.01 million, and shareholders will consider the issue at an extraordinary meeting on February 6, Ukrainian media reported, citing an announcement on the exchange website.

The announcement says it plans to place 30,000 new shares with a par value of UAH 1,000 via additional contributions without a public offering.

Preliminarily, the list of persons among whom shares of the additional issue will be placed is limited to existing shareholders, but the meeting may expand it to other investors who intend to purchase shares.

The largest shareholder of PFTS since the beginning of 2022 is Bohai Commodity Exchange (BOCE, Hong Kong) with 49.9% of its shares. According to the disclosure system of the National Securities and Stock Market Commission, at the end of Q3 2023 there were no other shareholders with a stake over 5%. In mid-October 2023, Prime Holding LLC announced its intention to purchase 2,835 shares of the exchange (8.86% of the charter capital).

Based on the results of the last annual shareholders' meeting, PFTS information shows that the exchange reduced its net loss in 2022 compared to 2021 by 8.6% to UAH 3.641 million.

The number of PFTS members as of January 1, 2024 was 51 (30 banks and 21 financial companies). The exchange admitted 353 issues of securities to trading on the exchange. Trading volume on the PFTS in 2023, according to its data, increased 3.6 times to UAH 320.8 billion, which totaled 63% of the total volume of transactions made by trading organizers in Ukraine.