DTEK demands buyback of DTEK Zakhidenergo shares for UAH 130.46 per share

21:26, 27.11.2017 1 min read

DTEK Power Trade LLC has made a public demand for the minority shareholders of DTEK Zakhidenergo about the squeeze-out.

According to a report by DTEK Zakhidenergo in the information disclosure system of the National Securities and Stock Market Commission, the buyout price was set at UAH 130.46 per share.

This is the highest price at which DTEK and SCM Group bought shares in this energy company over the previous 12 months.

SCM Group structures hold a total of 97.3756% or 12,454,865 shares in Zakhidenergo.

DTEK Zakhidenergo shares on the Ukrainian Exchange on Monday evening were quoted at the following rate: purchase at UAH 128.2 per share, sale at UAH 132.2, the price of the last deal conducted on November 27 is UAH 133.

The total number of the company shares in circulation is 12,790,451. Taking into account the above parameters, the major shareholder will have to pay about UAH 43.8 million for the shares.