Astarta redeems its US$64,000 shares
11.07.2018 22:51 "Agro Perspectiva" (Kyiv) —
As of this year Jul 46, Astarta Agro-Industrial Holding has repurchased its shares for US$7,200 on the Warsaw Stock Exchange, Ukrainian National Association of Sugar Producers says referring to the Astarta report.
As to the report, 1 share average price is PLN33.49 or about US$9. Thus, the redemption total amount is PLN241,000 or US$64,000.
Reportedly, the redemption was made following the decision adopted at the annual general meeting of the Astarta shareholders as of this year May 25; the redemption was carried out by Pekao Investment Banking SA.
It is to be admitted, Astarta is a vertically integrated agro-industrial holding, which operates within Poltava, Vinnytsia, Khmelnytskiy, Ternopil, Zhytomyr, Chernighiv, Cherkasy and Kharkiv regions. The holding consists of eight sugar plants, agrarian companies (owing an about 250,000 ha land bank) and dairy farms. Within 2014, the holding had put into operation a plant for soybeans processing and biogas output within the Poltava region (Globynskiy Processing Plant Ltd and Bioenergy Complex).