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Escrow account

Provides the mechanism for payments during the squeeze-out procedure (mandatory ordinary shares sale by shareholders at the request of the person (persons acting together) owning the dominating majority shareholding) defined in article 652 of the Joint-Stock Companies Law of Ukraine.

Conditions:

Corporate and retail banking services for the escrow account (escrow) is 1.5% of the sum credited into the escrow account (escrow), provided that the sum is not less than 40,000 hryvnas. 

To receive payment the former shareholder with the shareholding of less than 5%: 

  1. applies to the bank department; 

  2. signs the application for paying of the escrow account funds;

  3. goes through verification and identification required by the NBU.