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
[email protected] 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
