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The extraordinary meeting of the members of the PFTS Association, held 24 December 2009, decided to increase the authorized capital of the PFTS Stock Exchange to 32.01 million UAH through private placement of shares.
The MICEX, the PFTS’ strategic investor, will be given the right to buy 1601 shares of the additional issue of shares in the PFTS Stock Exchange. The amount of the transaction will reach 10 million US dollars.
The PFTS and the MICEX have signed a memorandum under which the PFTS Exchange’s development strategy and the corresponding investment budget will be developed within 3 months after the MICEX’s joining the pool of shareholders in the PFTS. The PFTS and the MICEX intend to use major part of the investment budget for the development of new technologies, the diversification of business and the improvement of the active marketing of the Exchange.
“We intend to increase the volume of business of the Exchange and its members, improve the liquidity of the existing markets, launch new on-exchange markets and increase the value of the Exchange”, said Irina Zarya, President of the PFTS Association.
The MICEX President Konstantin Korishchenko noted that ” the MICEX has come to Ukraine wishing to share technologies and improve the effectiveness of the technological solutions that now exist in the Ukrainian financial market. And high technological effectiveness means that more users will be able to use this financial infrastructure, whether Russia or Ukrainian users, issuers or investors.”
Brief information:
The MICEX Group is an integrated exchange that provides services related to electronic trading, clearing, settlements as well as depository and information services on the basis of a single technological platform.
The Group is comprised of the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, not-for-profit partnership The National Depository Centre, commercial bank National Clearing Centre (closed joint-stock company), The MICEX – Information Technologies Company, regional exchange and settlement centers. The Group serves over 1700 participants in the on-exchange market – leading Russian banks and broker companies from Moscow and other large financial and industrial centers of Russia. At present, the MICEX Group operates a number of key financial markets: the currency market, the government bonds market, the share market, the market for corporate and regional bonds, the derivatives market and the money market.
The PFTS Stock Exchange is Ukraine’ largest stock exchange.
trading in securities on the PFTS: since 1997;
the number of securities admitted to trading: 840;
the number of professional participants in trading: 189;
the PFTS’ share of Ukraine’s on-exchange market for the first 11 months of 2009: 56,4%.
