The Warsaw Stock Exchange (WSE) could launch the WIG Ukraine debut national index of Ukrainian companies in late April 2011.
A member of the WSE board, Beata Jarosz, said at a press conference at the representative office of the WSE in Ukraine on Tuesday, that earlier the exchange planned to launch the index in late June or early July, but taking into account wishes of investors, it is likely that the launch of the index of Ukrainian companies would be moved forward to late April or early May 2011.
Jarosz said that the previous plans of the exchange were linked to a desire to classify the structure of the potential index with shares of the sixth debutant on the WSE, although taking into account the fact that the index could be launched before the placement of a new company, its structure would be the following: 73.13% of the index structure would be the shares of Kernel, 13.18% Astarta’s shares, 7.13% Milkiland’s shares, 4.15% Agroton’s shares and 2.41% the Sadovaya Group’s shares.
Jarosz said that according to WSE rules, the index structure would be revised every quarter.
According to Jarosz, the WIG Ukraine index could include double the number of shares by late 2011.
As reported, according to the WSE rules, the index basket can include companies that are in line with the following requirements: the number of free-floating shares is to exceed 10% of the company’s statutory fund and their value is to exceed EUR 1 million.
In addition, the company is not to be in the MINUS5 sector, on a warning list, or in the low liquidity zone.
This year KSG Agro, a company with agricultural assets in Ukraine, is considering the possibility of conducting an initial public offering (IPO) on the WSE. Agropolis Group announced its plans to enter the WSE this year, as did Valars Group, an international agrarian company with assets in Ukraine and Russia.
Kharkiv-based Avantazh said that three Ukrainian companies from the agricultural sector and food-processing sector are planning to carry out private placements on the New Connect market.
