Shareholders of “Sens Bank” were deprived of the right to vote on shares: the NBU explained what will change

Shareholders of “Sens Bank” were deprived of the right to vote on shares: the NBU explained what will change


After the National Bank recognized the business reputation of the shareholders of “Sens Bank” (formerly “Alfa Bank”) as impeccable, the NBU will appoint a proxy to transfer voting rights for their shares.

This is stated in the explanation of the NBU in response to the request of the European Parliament.

On Tuesday, the regulator temporarily banned the right to vote on the bank’s shares for its shareholders: ABH Holdings SA and ABH Ukraine Limited.

This means that now “Sens Bank” must submit to the NBU proposals for at least 2 candidates, one of which, after being appointed by the regulator as a proxy, will be given the right to vote. It is not about all the shares of the bank, but only about the part that was not previously transferred to the trustee Simeon Dyankov.

National Bank in the spring of 2022 admitted the business reputation of two shareholders of “Alfa Bank” Mykhailo Fridman and Piotr Aven and blocked their right to vote as shareholders in the Ukrainian “daughter”.

Subsequently, a similar decision was made carried out regarding Herman Khan and Aleksey Kuzmichev.

Later, in April, Alfa-Bank Ukraine agreed with the National Bank of the candidacy of Simeon Dyankov for the position of trustee, who will be given the right to vote on the shares of the bank’s sanctioned shareholders.

The NBU emphasizes that, just as the transfer of voting rights over the bank’s shares to Dyankov did not affect the bank’s ability to continue its activities, the current decision will not affect the bank’s work.

The regulator also clarified that the decisions regarding ABH Holdings SA and ABH Ukraine Limited did not concern the powers of Simeon Dyankov’s trustee. He, as before, continues to exercise his powers as a trustee.

Currently, he has been given voting rights for 49.6669% (from 57.6006%) of the bank’s shares owned by ABH Holdings SA, and for 36.5595% of the bank’s shares (from 42.3994%) owned by ABH Ukraine Limited. If Dyankov is deprived of such powers or refuses them, the bank will have to submit proposals for at least 2 candidates, one of which will be transferred to his powers.

“So, in the near future, the right to vote for all 100% of the bank’s shares will belong to a trustee (or persons),” the NBU emphasized.

We remind you:

On Tuesday, the National Bank recognized the business reputation of the shareholders of “Sens Bank” (formerly “Alfa Bank”) impeccable and temporarily banned voting rights for 100% of the financial institution’s shares.





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