Page 52 - UKRRptJan22

8.3 Stock market
8.3.1 Equity market dynamics
McDonalds and Johnson & Johnson shares to be traded in Ukraine. The Ukrainian Stock Exchange announced that the shares of 3 blue-chip companies - McDonald's, Johnson & Johnson, and the railway operator CSX Corporation in Ukraine. The announcement was made by Aleksei Sukhorukov. Previously, the National Commission on Securities and Stock Market reported that 90 securities of international issuers were admitted to circulation on the Ukrainian market. More than 30 were withdrawn in September-November this year, initiated by Alfa-Bank, investment companies Dragon Capital, Kinto, Ivex Capital, and BTS-Broker.
Ukraine National Airlines has issued shares valued at UAH 500mn ($18mn) with the National Commission on Securities and Stock Market. The Ministry of Infrastructure will fully own the airline’s 50,000 shares. In addition, the government plans to spend at least another €150mn (UAH 4.5 bln) in the next two years to develop the airline.
8.3.2 Dividends dynamics
Ukraine’s largest iron ore pellet exporter Ferrexpo(FXPO LN) will pay a special interim dividend of US ents 6.6 per share on January 28, the company reported in a December 22 release. The record date for the payment will be January 7. Recall, in August Ferrexpo declared an interim dividend of USc 39.6 per share for 2021. Ferrexpo’s shareholder returns policy is to target a payout of 30% of its free cash flow (net cash flow from operating activities less net cash flows from investing and financing activities before dividends).
52 UKRAINE Country Report January 2022 www.intellinews.com