Ukraine's securities commission registers additional issue of over UAH 16 bln in PrivatBank shares
The National Commission for Securities and Stock Market has registered a placement memorandum on the issue of shares of PJSC PrivatBank (Kyiv), the commission said in a press release.
The decision was made by the regulator at a meeting on December 22.
The nominal volume of the shares of the additional issue is UAH 16.065 billion, the commission's press service told Interfax-Ukraine.
As reported, in December 2016, the government at the suggestion of the National Bank of Ukraine and the shareholders of PrivatBank, the largest of whom at the time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution in the Ukrainian market. The state received 100% of its capital, while PrivatBank was capitalized for UAH 116.8 billion.
As part of nationalization, the bank's obligations to related parties were subject to a bail-in procedure and were exchanged for additionally issued shares of the bank.
Deputy Governor of the NBU Kateryna Rozhkova said on December 15, 2017, that the amount of additional capitalization of PrivatBank may be determined by the end of the current year after the evaluation of its assets is over.