Securities commission proposes settling problem of 'sleeping shareholders' via buyback scheme
The National Commission for Securities and the Stock Market of Ukraine has proposed that the issue of participation of so-called "sleeping shareholders" in the management of joint-stock company via the share buyback scheme.
The initiative is outlined in the bill amending some Ukrainian laws regarding the regulation of the participation of shareholders in the management of joint-stock companies drawn up by the regulator and posted on its website.
According to the document, shareholders who before October 12, 2014 did not use the right to send their share to the accounts in the depository system will be able to restore the registration of their ownership right to the securities within one year.
If they do not use it, their securities will be considered bought back by the issuer.
The authors of the bill said that the procedure will help improving corporate management in joint-stock companies.
Advertising
Advertising
MORE ABOUT
Von der Leyen sees need to ramp up EU defense base amid Russia's aggression against Ukraine
20:07, 19.01.2024
Kuleba: Danube Commission decides to terminate Russia's membership
14:29, 15.12.2023
EU Commission Vice-President about reforms for EU accession: Quality and speed matter
19:39, 27.11.2023
National Securities Commission registers bonds of Nova Poshta for UAH 800 mln, DTEK Pavlohradvuhillia for UAH 10 bln
20:12, 05.06.2023
Ukraine heads UNWTO Commission for Europe for first time in history
20:43, 01.06.2023
LATEST
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head
19:05, 02.05.2024
Philip Morris to invest $11 mln in launch, commercialization of new version of tobacco heating device in Ukraine