Launching of Capital Raising Market was approved by Exchange Board

On June 29, 2013 Exchange Board of Ukrainian Exchange approved exchange management’s initiative to launch the Capital Raising Market and number of documents which is required for the functioning of the new market.

The Investment Board will be created to coordinate the work of a new segment at the Ukrainian Exchange. As Chairman of the Investment Board was approved the candidacy of Alexey Sukhorukov — Exchange Board member and Managing Partner of IG "Univer".

The primary challenge facing the newly elected Chairman of the Board is the formation of the Investment Board and its coordination with the Exchange Board: "The main objective of the Investment Board is to determine the strategy of development of the new market and to help analyze the quality of listed issuers who will offer their securities to IPO on the stock exchange — Alexey Sukhorukov says. — I hope that we will be able to recruit the board reputable professionals with expertise in both private and public offerings. Expect that it will be mainly investment bankers, fund managers and representatives of international organizations but do not rule out the participation of representatives of government and public organizations."

Also, on the Capital Raising Market introduced the institution of a "partner" organizations that help issuers to enter the stock market.

According to Mr. Sukhorukov, to get the status of the Partner on the Capital Raising Market will be interested to investment banks and consultants in corporate finance, including companies specializing in transactions of M&A — those for which the key businesses are professional services for funding and not only as a result of placing stock but debt market as well. "Having Partner status, companies will be able to more actively position themselves in the market, if they bring the idea of ​​placing new securities. Due to the fact that we expect access to the Exchange of foreign stocks, it may be project of placement with cross-listing for example, while in Warsaw and Kiev. Purpose of the project — forthcoming on the organized market of successful companies of the ‘new economy.’ It’s okay if the equity capital they attract abroad, the main thing to give them an opportunity to raise some of the capital in Ukraine. We have a huge demand for the quality issuers here."- says Alexey Sukhorukov.