Notification about the intention to exercise the right to demand mandatory sale of shares

On December 17th, 2018, JSC “FUIB” received a notification on the intention to exercise the right to require the mandatory sale of shares from the shareholders (“SCM Finance”, LLC and SCM HOLDINGS LIMITED) jointly owning the dominant major shareholding (95% and more) of JSC “FUIB”.

The procedure of mandatory sale of shares at the request of the person (persons acting jointly), owning the dominant major shareholding, which is prescribed by in the Article 652 of the Law of Ukraine "On Joint Stock Companies", provides the obligation of all shareholders and the issuer to sell owned by them shares to an applicant of a public irrevocable require to purchase the shares from all shareholders of a joint stock company.

Shareholders, owning the dominant major shareholding, purchase the shares from the shareholders, owning the shareholding less than 5 percent, during the procedure of the mandatory sale of shares.     

By January 24th, 2017, JSC “FUIB” will approve the market value of the shares in accordance with the requirements of the law.