UMMC concentrated 98,1% of actions "UMMC — Nikolaev"

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JSC Ukrainskaya gorno-metallurgicheskaya kompaniya (UMMC, Kiev), one of the largest dealers in metal in Ukraine, acquired 20% of shares of JSC UMMC — Nikolaev, having increased the equity stake from 78,136% (962,948 thousand pieces of common registered stocks) to 98,136% (1 million 209,428 thousand pieces of actions) authorized capital of society, is reported in official information of the company as of September 5 of the current year.

According to information, the natural person - the owner of 20% of the equity stake of JSC UMMC — Nikolaev sold all the actions and left structure of shareholders of society.

In other information of JSC UMMC — Nikolaev it is reported that general meeting of shareholders of the company dismissed from a position of the director Enver Seytkhalilov, having appointed the acting as the director of the deputy director for sales of UMMC Sergey Vysotsky.

Besides, shareholders brought out of structure of the supervisory board of Ernest Seytkhalilov, having appointed instead of it to three years of the commercial director of UMMC Dmitry Dmitruk.

As it was reported, UMMC carries out process of reorganization of the companies and the divisions which are separate legal entities, to branches.

UMMC following the results of work in 2007 lowered net profit by 53,7% in comparison with 2006 - to 17,226 million UAH, thus the positive financial result from usual activity to the taxation (pretax profit) for this period was reduced by 67,9% - to 15,504 million UAH, but the income from production realization - increased by 27,4%, to 2 billion 250,621 million UAH, net income - for 26,5%, to 1 billion 916,574 million UAH

UMMC plans to increase in 2008 volumes of retail warehouse sales in domestic market of Ukraine by 30% in comparison with 2007 - to 520 thousand tons. Following the results of 2007 the volume of warehouse sales of the first national network of supermarkets of metal - UMMC - exceeded 400 thousand tons.

UMMC is created in 1998 and is one of the largest metaltraders of Ukraine. The constant volume of stocks of metal rolling on platforms of a network of UMMC makes about 100 thousand.tons. UMMC has the most developed network of own regional enterprises - now in Ukraine 37 trading floors work.

UMMC represents interests of JSC Alchevsk Metallurgical Plant, JSC Dneprovsky Metallurgical Complex of. Dzerzhinsky, JSC Donetsk Metal-rolling Plant, JSC Kramatorsk Metal Works of Kuibyshev, JSC Dnepropetrovsk Pipe Plant in the market of Ukraine.

In 2006 of UMMC I entered a foreign market as the International metaldistribution network which networks enter: UMMC (Ukrainian it is mountain - the metallurgical company, Ukraine), RGMK (The Russian it is mountain - the metallurgical company, Russia), "UMMC - Georgia" (Georgia), UMMC (Universal it is mountain - the metallurgical company, Belarus), "Tsentrostal" (Poland) and Dutreyd (Hungary).

In February, 2007 the Antimonopoly committee of Ukraine allowed consortium "Industrial Group" to receive control over JSC UMMC. Primary activity of "Industrial group" is corporate governance the enterprises, assets of the enterprises, complete property complexes. The founder of consortium is the Industrial Union of Donbass corporation (ISD).

JSC Vizavi which founders are two natural persons, in turn, is one of founders of ISD corporation (Donetsk).

The ISD corporation is founded in 1995. Is the integrated holding company which owns or operates equity stakes of the enterprises it is mountain - a metallurgical complex. The main assets of ISD - Alchevsky metallurgical complex, Alchevsky koksokhimzavod, Dneprovsky metallurgical complex of. Dzerzhinsky, and also Dunaferr (ISD-Dunaferr) metallurgical complex in Hungary, Huta Stali Czestochowa (ISD - Huta Czestochowa) in Poland and "Sperrouz Point" (Baltimore, the USA).

Owners of JSC UMMC are four natural persons: Elena Gayduk (the director general of JSC Vizavi), Inna Gnatushenko (founder of JSC UMMC), Oleg Mkrtchan (general director of ISD) and Sergey Taruta (chairman of the board of directors of ISD).

Earlier in official information of UMMC with reference to registrar - JSC Ukrainian Registration Company - was reported that three natural persons possess 26,664003%, 26,671993% and 26,664003%-ny equity stakes of JSC UMMC, without specification of accessory of these packages. Besides, earlier it was reported that I.Gnatushenko belongs 20%-Nye a share of JSC UMMC which was transformed on November 6, 2007 to JSC UMMC.

Authorized capital of UMMC - 22,028 million UAH, the par value of 1 action - 1 UAH.


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