Platinum Bank appeals for change of the shareholders’ structure
On the 19th of March 2015, Chairman of the Supervisory Board of Platinum Bank, Gregory Gurtovoy (indirect owner of 9.2% of the Bank) submitted to the Department of Registration Issues and Licensing at the National Bank of Ukraine the appeal for obtaining approval of indirect purchase of ownership of over 50% of shares of the sole shareholder of the Bank – a Cypriot company PT PLATINUM PUBLIC LIMITED.
In case of approval of such purchase by the regulator and successful finalization of the transaction, Mr. Gurtovoy will be considered the controller of company PT PLATINUM PUBLIC LIMITED in the sense stipulated by the Article 2 of the Law “On Banks and Banking Operations”. The portion of current European and US financial investors maintain their portfolio investment in the bank.
As of today, the shares of the Bank are owned by 11 non-resident legal entities (indirect owners), each owning under 10% of shares. Each of the indirect owners, in its turn, directly or indirectly is 100% owned by the corresponding beneficiary person. One of the beneficiaries is now Gurtovoy Gregory Arkadiyovych.
As minor shareholders will not indirectly own substantial shareholding of the Bank, as well as they will not in any other way influence the management, they will not apply for the NBU’s approval.
All documents, necessary for the obtaining of approval for the sole indirect acquisition of substantial shareholding of the Bank will be submitted as soon as possible.