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Ministry of Justice of Ukraine

April 25, 2016

No. 629/28759

DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of March 29, 2016 No. 360

About determination of market value of securities

According to Item 13 of article 8 of the Law of Ukraine "About state regulation of the security market in Ukraine", to the paragraph to the second Item 2 parts two of article 8 of the Law of Ukraine "About joint-stock companies", for the purpose of establishment of procedure for determination of market value of securities the National commission on securities and the stock market RESHILA:

1. Determine that if securities address on two and more stock exchanges and their average stock exchange rate for the last three months of the address preceding day as of which market value of securities is determined at various exchanges differs, market value of such securities is determined by the supervisory board (if creation of the supervisory board is not provided by charter of joint-stock company - executive body of society) as arithmetic-mean value of the stock exchange rates of such securities calculated by stock exchanges according to the regulatory legal act of the National commission on the securities and the stock market establishing procedure for determination of the stock exchange rate of security within the last three months of their address preceding day as of which market value of such securities is determined.

If securities address on two and more stock exchanges and at the same time within the last three months of their address preceding day as of which market value of such securities is determined on one of stock exchanges the stock exchange rate of these securities was not calculated, market value of such securities is determined by the supervisory board (if creation of the supervisory board is not provided by charter of joint-stock company - executive body of society) as the cost of securities as of this date determined according to the legislation on assessment of property, property rights and professional estimative activity.

Market value of the securities which are in circulation on the stock exchanges are also brought (are brought) as share value payment, it is determined according to requirements of the regulatory legal act of the National commission on securities and the stock market establishing procedure for increase (reduction) for the authorized capital of public or private joint-stock company.

If day as of which market value of securities is determined is the share of day off or holiday, market value of securities needs to be calculated the last working day preceding such day.

2. And corporate finances to provide to corporate management department submission of this decision on state registration in the Ministry of Justice of Ukraine.

3. This decision becomes effective along with entry into force of the Law of Ukraine of April 7, 2015 No. 289-VIII "About modification of some legal acts of Ukraine concerning protection of the rights of investors", but not earlier than day of its official publication.

4. And clerical works to provide to department of information technologies promulgation of this decision on the official site of the National commission on securities and the stock market.

5. To provide to management of international cooperation and communications publication of this decision in the official printing publication of the National commission on securities and the stock market.

6. Control over the implementation of this decision to assign to the member of the National commission on securities and the stock market Yu.Butsu.

Commission chairman 

T. Hromayev

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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