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Wednesday, 19.09.2018 06:40
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Ukrainian Exchange Issues Additional Shares and Obtains New Software

The general meeting of Ukrainian Exchange (UX) shareholders that took place on 31.08.2018 made the following decisions:

-  to appoint Eugene Komissarov as the CEO of the company,

-  to grant the CEO with rights to buy a trading platform software and

-  to issue 14 063 new shares additionally to 25 000 existing ones and offer the new shares to Bohai Commodity Exchange (BOCE). 

"Ukrainian exchange agreed with BOCE to swap the additional issue for the trading system at the price of USD 1,000,000, – tells Aleksei Sukhorukov, Business Development Director at UX, – The new platform will support order-driven trading first for securities and then for derivatives. The shareholders voted to waive their preemptive right when placing an additional issue, which will allow the entire new issue to be offered to the strategic investor". 

"BOCE is going to get 49.99% of UX shares, most of which will be paid with the price of our software and partly will be bought from the majority shareholders, – comments Head of IT and Strategy CEO at BOCE, – We hope to close the deal as soon as UX registers the new issue and believe that our state-of-the-art trading technologies will bring securities and commodities markets in Ukraine to the new level". 

Ukrainian Exchange is the main local market for equities and derivatives. Started in 2009, the exchange from the first months became the technology leader of the Ukrainian stock market and was first in Ukraine to launch order-driven market, DMA-trading, repo deals, central counterparty and on-exchange derivatives. In H1 2018 the exchange also took a significant market share in fixed income trading.   For more information please email to info@ux.ua or call at +380 (44) 4957474.

 

Bohai Commodity Exchange was founded with the participation of private Chinese investors, several state-owned companies in 2009 and operates the online spot-trading platform in Tianjin. BOCE is the largest spot commodity exchange in China with an annual turnover of USD 1 trillion.  BOCE has bought Ukrainian Bank of Reconstruction and Development in June 2017

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