Pushka Decides To Buy Out 0.83% Of Its Stocks

Pushka Decides To Buy Out 0.83% Of Its Stocks
Published: 09 November 2005

The supervisory council of the Kramatorsk-based cement plant Pushka (Donetsk region) at its October 25 meeting decided to buy out 0.827% of its stocks. According to the statement, the company will buy out 346,321 stocks at UAH 1 per one share.  
 
As Ukrainian News reported, the shareholders of the Kramatorsk-based cement plant Pushka (Donetsk region) at their October 18 meeting relieved Hennadii Donets of his duties as the plant’s director and appointed Mykola Huriev to replace him. Earlier, the shareholders relieved Olena Baturina from the post of supervisory board chairwoman.  
 
The plant finished 2004 with a net profit of UAH 11.15 million, having increased its net revenues by 5.1% or UAH 5.93m compared with 2003, to UAH 122.46m.  
 
In March, the EuroCement Group (Moscow) acquired about 90% of the shares in the Pushka cement plant from the Inteko company (Moscow).