The company "Kyivmiskbud" has officially announced the start of preparations for recapitalization, anticipating support from the government and involvement from minority shareholders.

This was stated by Vladislav Andronov, deputy head of the Kyiv City State Administration, during a meeting with investors, as reported by Interfax-Ukraine.

Andronov mentioned that on February 14, the company’s shareholders will gather to discuss aligning the company’s charter and internal regulations with current legislation, as well as creating the necessary conditions for additional share issuance.

According to Andronov, after making changes to the charter and the supervisory board's regulations, the issue of additional share issuance may be resolved at the next shareholders' meeting.

"The city budget includes a provision that if the shareholders of "Kyivmiskbud" decide on recapitalization, around 2.6 billion UAH will be allocated. As for minority shareholders (who own 20% of KMB), the city is interested in their participation in the recapitalization process," Andronov explained.

Thus, the primary hope of investors for the launch of "Kyivmiskbud" projects relies on the city budget resources.

Andronov added that after all procedures are completed, the Kyiv City Council plans to allocate budget funds to the company in 2025.

The stages of project restoration and deadlines for their completion will be determined directly at "Kyivmiskbud", considering financial capabilities and project readiness.

Reminder:

The Kyiv authorities, together with a group of investors of unfinished projects from "Ukrbud" and "Kyivmiskbud", plan to sign a memorandum and approve a roadmap soon to complete the construction of high-rise buildings.

Subsequently, the Kyiv City Council approved an increase in the charter capital of the PrJSC "HC Kyivmiskbud" through additional share issuance and buyback for a sum not exceeding 2.56 billion UAH.