Norges Bank, the central bank of Norway, concentrates 5.05% of global depositary receipts (GDR) of Ukraine’s largest poultry meat producer – Myronivskyi Khliboprodukt, the company informed at London Stock Exchange, Ukrainian News reports.
Thus, MKP was informed that Norges Bank crossed the threshold on MKP’s global depositary receipts, amounting to almost 5.4 mln GDR, which represent 5.05% of the shareholder’s equity, issued by MKP.
The global depositary receipt is circulated in several countries, mainly in European countries. GDR is the certificate, issued by the depositary bank and certifying the right of its owner to use benefits from deposited securities of the foreign issuer. One GDR may be equivalent to one share, part of the share, or several shares of the foreign issuer company.
It should be reminded that MKP is among the most environmentally hazardous global companies.
The Ukrainian chicken producers sell meet to Ukrainians at higher price than in Europe, despite the public subsidies.
