The company "Kyivmiskbud" has officially started the process of preparing for capitalization, anticipating financial assistance from the government and the involvement of minority shareholders.

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

Andronov reminded that a shareholders' meeting is scheduled for February 14, where they plan to discuss bringing the company's charter and internal regulations in line with current legislation, as well as creating necessary conditions for additional stock issuance.

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

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

Thus, the main hope of investors for the launch of "Kyivmiskbud" projects lies in the resources from the city budget.

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

The phasing of project restoration and completion timelines will be determined directly within "Kyivmiskbud", considering financial capabilities and the construction readiness of projects.

Reminder:

The Kyiv authorities, together with an initiative group of investors of unfinished projects from "Ukrbud" and "Kyivmiskbud", have agreed to sign a memorandum and approve a roadmap soon to complete the construction of apartment buildings.

Following this, the Kyiv City Council has agreed to increase the authorized capital of PJSC "HC Kyivmiskbud" through additional issuance and repurchase of shares for no more than 2.56 billion UAH.