Page 48 - UKRRptNov21

8.3 Stock market
8.3.1 Equity market dynamics
A new stock exchange in Ukraine may be the integrated exchange for trade in capital and goods, announced the head of the National Commission on Stock Market and Securities, Ruslan Magomedov. "This is a USAID project. There is an idea to create an exchange for commodity markets, for legal markets and partly for financial ones”, said Magomedov. The creation of the exchange itself is now at the stage of the feasibility study and is under the special control of the Prime Minister of Ukraine Denis Shmygal.
Ukrainian investors will be able to buy stocks in Google, Amazon, Intel and other US blue-chip companies. The National Securities and Stock Market Commission has admitted to trading 15 more international companies, including Bank of America, Google, Amazon and others. In total, Ukrainian investors can currently invest in 73 securities of foreign issuers. You can find the full list of the companies here.
JKX Oil & Gas (JKX LN) announced on Nov. 3 that its directors have initiated the cancellation of the admission of its shares to the listing on the London Stock Exchange's main market and the buyback of free-floated shares at GBP 0.42.
The EGM to decide on this is scheduled for Nov. 23. If the decision is approved, JKX will announce a tender offer to purchase up to 40 mln of its ordinary shares (23.3% of total) on Dec. 15. The tender offer will be closed on Jan. 6 and the de-listing will occur on or about the same day.
The company’s directors believe that the delisting “is in the best interest of the
48 UKRAINE Country Report November 2021 www.intellinews.com