«Universalna» Participated in the 4th Ukrainian Investment Forum2007-09-28
Oleksandr Pavlenko, Director General of the OJSC «Insurance Company «Universalna», participated in the Fourth Ukrainian Investment Forum «Ukraine 2007: What Should Investors Expect?».
Oleksandr Pavlenko took floor at the Forum with the report entitled «Ukrainian Insurance Market: Growth Investment Possibilities» in «New Ukrainian Stories» section.
Crucial thesis of the «Universalna» Director General report referred to investment appeal of Ukraine’s investment market, possibilities and disadvantages of ways of financing insurance companies’ growth (due to own capital/credits, sales to a strategic investor, public/private placement), аs well as experience of dialog with the investment community of the «Universalna» company.
In particular, O. Pavlenko provided examples of the «Universalna» 3 successful private placements of the share holdings (corresponding to placement of 40% of the company share capital to institutional investors), independent members of the Company Board approval (a person non-related to the company occupied the position of the Chair, only two out of five have this or other relation to the «Universalna» company), Corporate Management Code ratification (to ensure the most efficient work of the Board of Directors for the sake of shareholders), activities in full automatization of internal business processes (especially registration transformations in accordance with financial reporting international standards for shareholders and other external users, etc.)
JP Morgan Fleming, Baring Asset Management, Goldman Sachs Special Situations and other delegates of the leading international investment funds and companies were invited to participate in the Forum. Ukraine is represented by politicians, heads of the most significant business structures, young and perspective companies, namely: Anatoliy Kinakh, Minister of Economy of Ukraine, Viktor Chernomyrdin, Extraordinary and Plenipotentiary Ambassador of Russia in Ukraine, Hennadiy Hazin, «Interpipe» Corporation Head of Direction, Lev Partskhaladze, «ХХІ Century» Company Head of the Board of Directors, Yevheniy Shapovalov, «Ukrtelekom» Company Deputy Head of Direction, and other participants.
Ukrainian Investment Forum is held in Ukraine every year aiming at providing international investors with relevant information about investment possibilities, political situation and economic climate in Ukraine.