According to the Ukrainian Exchange, at present the share capital of the stock exchange consists of 25,000 shares with a nominal value of UAH 1,000.
Thus, in case of acceptance of the offer, BOCE could become the owner of 36% of the increased share capital of Ukrainian Exchange.
By another decision, the shareholders approved the candidacy of Yevhen Komisarov for the post of chairman of the board of Ukrainian Exchange and appointed Olha Bazhkova his first deputy.
In addition, the shareholders authorized the board to purchase software of the trading system for up to $1 million.
Earlier, BOCE studied the possibility of buying more than 25% of the shares in PJSC PFTS Stock Exchange and in early May 2018 asked the Antimonopoly Committee of Ukraine for preliminary conclusions on the acquisition of such a stake.
As reported, BOCE in late November 2016 won the auction of the State Property Fund of Ukraine to sell 99.9% of the shares of Ukrainian Bank for Reconstruction and Development, which were in state property. The final selling price was UAH 82.83 million.
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