The shareholders of PJSC “southern mining and processing plant” (the southern mining, Krivoy Rog, Dnepropetrovsk region) intends to send to the payment of dividends of the net profit for the year 2018 in the amount of 7 billion 133 million UAH 259 thousand 678,11, or 4,484251 UAH per one ordinary share.
This issue contains the agenda of the extraordinary General meeting of shareholders of the company, scheduled for July 19.
“Part of the retained earnings of the company for the year 2018 in the amount of 7 billion 133 million UAH 259 thousand 678,11 to direct on payment of dividends on ordinary shares”, – proposes to the shareholders the draft decisions of the meeting.
Annual report on the results of operations for the year 2018 has been published.
As reported, the shareholders of YuGOK at the meeting on 21 June 2018 directed on payment of dividends of the net profit for 2013 and 2017 in the amount of 9 billion 947 million 478 thousand UAH 528,55, or 6,253381 UAH per one ordinary share.
It was clarified that dividends shall be sent of the net profit for 2013 in the amount of 1 million 341 million 903 thousand UAH 564,21 part of net profit for 2017 in the amount of 8 billion 605 million 574 thousand UAH 964,34.
Earlier also it was reported that shareholders of OJSC “YuGOK” 22 may 2017 held the first in the last three years General meeting, summed up the results of work for 2014-2016, approved the reports and re-elected the Supervisory Board. The question of distribution of profits and payment of dividends did not considered.
By the end of 2016, the YuGOK received a net profit of $ 5 billion 903,585 million UAH, in 2015 – 3 billion 486,372 million UAH, in 2014 – 6 billion 772,691 million. In 2013, according to the previously published report, the company increased its net profit by 52.8% compared with 2012 – up to 3 billion 300,449 million UAH (in 2012 – 2 billion 160,307 million UAH).
Retained earnings at the end of 2016 amounted to 34 billion 192,053 million UAH (at the end of 2013 – 17 billion 592,023 million UAH).
Shareholders of YuGOK at the meeting on 5 September 2017 took the decision to direct on payment of dividends 16 billion 162 million 645,907 thousand UAH, or 10,160482 UAH per one ordinary share. The payment was conducted from 25 September 2017 within six months.
Southern mining is one of the major producers of iron ore in Ukraine – concentrate and sinter. Is engaged in extraction and enrichment of poor ferruginous quartzites with obtaining iron ore concentrate with iron content of 67.7%, and the domain of sinter with iron content 58,18%.
The raw material base of the mill are Skelevatsk quartzite field, which is located in the Central part of Krivoy Rog iron ore basin. The production capacity is 29 million tons of raw ore, 11 million tonnes of concentrate, 2 million tons of sinter.
Currently, the YuGOK is controlled by the Metinvest group and the company Lanebrook Ltd. (majority shareholder of Evraz Group), which in late 2007 acquired 50% of YuGOK shares of the group “Privat” (Dnipro).
According to Ukrsotsbank (Kyiv) in the second quarter of 2017, the major shareholders of YuGOK was the company Strettonway Traders&Consultants Limited, Acretrend Holdings Limited and Mint Data Holdings Limited (all – Cyprus) – according to 22,174% stake each, as well as Metallotekhnika, OOO – 25,7834%.
According to the NDU for the first quarter of 2018, 12 Cypriot companies are the same, the stakes – for 5,5435%. Among shareholders – Strettonway Traders&Consultants Limited, Acretrend Holdings Limited, Mint Data Holdings Limited, Karonius Limited, Balouco Limited, Arsomonte Limited, Dipous Limited, Froulando Limited, Jetere Limited, Elagrus Limited, Memorabilis Limited, Zantest Limited.
In the state register of the ultimate beneficial owner (controller) of YuGOK is Rinat Akhmetov.
The authorized capital of PJSC – 535,915 million UAH, nominal shares – 0.25 UAH