SPF Broke the Law by Keeping the Powers of Ineligible Supervisory Boards of Kharkivoblenergo and Kharkivenergozbut29.09.2021
On 21 September 2021, extraordinary shareholder meetings of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC were held, convened at the initiative of the State Property Fund of Ukraine (hereinafter referred to as the Fund or SPF). During the voting, representatives of the Fund did not support the draft decisions meant to bring the composition of the energy companies’ supervisory boards to compliance with the legislation that regulates the activities of joint stock companies. This has led to the fact that the supervisory boards of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC remain unauthorized since they still do not have independent members.
Drilling of a new well with target depth of 5,250 m is scheduled to be completed by the end of Q1 of 2022. In case of further successful testing, production hook-up is expected during Q2 of 2022.
British Company Enwell Energy plc, a part of Smart Energy, announces its operational and financial unaudited results for H1, 2021. For six months the company has increased its aggregate average daily production by 8.2%, while the revenues have grown by 66.4%.
SPF Continues to Ignore the Requirements of the Law on the Formation of Independent Supervisory Boards of State-Owned Companies10.09.2021
The State Property Fund of Ukraine (SPF) did not take part in the extraordinary meetings of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC, which were initiated by the shareholder of the companies SMART HOLDING (CYPRUS) LTD. The agenda of the meetings included the questions on the election of new members of the energy companies’ supervisory boards, including independent board members, as well as on conducting a special audit of the companies’ financial and economic activities for 2019–2020.
Zhanna Kytaieva has taken charge of the Financial Directorate of SMART-HOLDING LLC. Her responsibilities will include the development and implementation of financial and tax strategies, financial oversight, liquidity management, and redistribution of monetary resources. Before joining SMART-HOLDING LLC, Zhanna Kytaieva worked in similar positions in Ukrainian and international companies.
A large-scale promotional campaign dedicated to the 30th anniversary of Ukraine’s independence has started on the BBC.This is a joint project of the Ukrainian government and businesses, which aims to create a positive image of the country around the world.
Specialists of Kherson Shipyard of Smart Maritime Group have completed the upgrade of a group of dry-cargo coaster ships belonging to Eems Werken B.V. (the Netherlands). The upgrade has been performed on a high-quality level and on schedule.
Alexey Pertin has left the post of the Chief Executive Officer of SMART-HOLDING LLC (Ukraine) and has headed the Supervisory Board of the Company. Julia Kiryanova, who previously held the post of the First Deputy CEO, and the CFO of the Company, has been appointed the Chief Executive Officer of SMART-HOLDING LLC (Ukraine).
On August 19, 2021, Enwell Energy spudded well #4 at Svystunkivsko-Chervonolutske field (Poltava region). This will be the first drilled well at the field for 25 years. Its target depth is 5,565 m. The company is planning to complete drilling and provide testing in Q3, 2022.