OREANDA-NEWS. On 12 February 2008 was announced, that the extraordinary general meeting of shareholders of the OJSC “Concern Galnaftogaz” occurred, where the results of closed (private) offering of shares had been approved and amendments to the chapter regarding the increase of share capital had been made. As a result of additional share issuance, share capital of the OJSC “Concern Galnaftogaz” has been increased by 15 238 417 hryvnyas and 25 kopecks and will be equal to 175 238 417. 25 UAH. The rest of proceeds received from the closed (private) offering of shares in amount of 228 576 259 UAH – accounted as additional capital of the company and those proceeds will be aimed at development of the number of projects: filling station network under the “OKKO” brand in Ukraine, retail shop network under the “Tobi” brand, coffeshops under the “Tokava” brand and at the preparation of the company for the IPO process. "Last year, during the preparation for the closed (private) shares offering, - says Vasyl Danylyak, first deputy of the head of supervisory board of the OJSC “Concern Galnaftogaz”, majority shareholders took a decision to buy the shares not at the nominal price – 0.01 UAH for one share, but at the market price – 0.16 UAH per share in order to secure the rights of minority shareholders”. Therefore, at present, total equity of the OJSC “Concen Galnaftogaz” amounts to more than 400 million UAH.


General meeting has taken a decision concerning the improvement of management system of the company. " In order to continue the preparation for the scheduled shares offering (ІРО) by the company, – says Yuriy Kuchabskyi , first deputy of the head of supervisory board of the company, - we are trying to optimize our management system and adjust it with the requirements of ”Combined Code on Corporate Governance ” of LSE. As a result we will change our management system to “Board of Directors” type, which will have more broadened duties".


Mr. Vitaliy Antonov remains the Head of Supervisory Board. His deputies were appointed Yuriy Kuchabskyi (previously – general director of the company) and Vasyl Danylyak (previously – member of Supervisory Board). As the members of new Supervisory Board were appointed: Natalya Antonova, Dmytro Herasimov (previously – commercial director of the company), Nazar Kupybida (previously- financial director), Oleh Pasko (previously – law office director) and Andriy Khudo (previously – head of the audit committee of the company).


Mr. Oleksand Pavlenko, Olena Leksikova (previously – director of auditing) were withdrawed from the members of Supervisory Board of the OJSC “Concern Galnaftogaz”.


Oleksandr Hehedysh was appointed as general director of the company (previously – director of operations).

In the extraordinary general meeting of the shareholders of the OJSC “Concern Galnaftogaz” participated shareholders and their representative, who combined own 78% of the share capital of the company.