The directorate of the Dniprooblenerho regional power distribution company has said that seizure of the company by force is possible.

Dniprooblenerho Director General Eduard Sokolovskyi announced this at a press conference in the Ukrainian News press center.

"We are sure that a raid attack scheme is being applied at our company and we think that its seizure by force is possible. I do not rule out a forced seizure even today or tomorrow," Sokolovskyi said.

Dniprooblenerho is demonstrating a stable production growth these days, he added.

"For the first time ever the company meets production targets. Everything is normal at our company except for one thing, our success," the director general added.

Sokolovskyi is surprised at the position of the national joint-stock Energy Company of Ukraine who recognized the April 30 shareholders meeting as valid.

He added that the company is making preparations for a meeting of shareholders, slated for June 30.

"Transfer of the register [from the previous registrar, Ukrnaftohaz financial company] to the entity we have concluded an agreement with, I mean Prominvestbank, will guarantee the legitimacy of this meeting," Sokolovskyi commented.

The director general went on saying that Dniprooblenerho field a court claim against Prominvestbank due to the failure to provide the register of the company shareholders.

"We have filed a claim against Prominvestbank. We have an agreement with it, it is its obligation to provide us with the register," he said.

Sokolovskyi told Ukrainian News that the claim was lodged with the Odesa Business Court.

Ukrnaftohaz keeps the shareholders register at the moment.

As Ukrainian News earlier reported, the directorate of Dniprooblenerho denied the claim that a meeting of the company's shareholders took place on April 30.

The Energy Company of Ukraine, however, said that the meeting did take place on April 30.

Dniprooblenerho's directorate had earlier postponed a meeting of the company's shareholders from April 30 to June 30.

According to the directorate, the meeting was postponed because the State Commission for Securities and the Stock Market cancelled the license of Ukrnaftohaz financial company to keep the register of Dniprooblenerho shareholders.

On March 13, the company directorate decided to terminate the register keeping agreement with Ukrnaftohaz and hire Prominvestbank, one of the largest banks in Ukraine, namely its affiliate in Odesa.

On April 9, the Kyiv District Administrative Court issued a ruling that cancelled the State Commission for Securities and the Stock Market's March 3 decision that revoked the Ukrnaftohaz financial company's license to keep the securities register.

The commission had earlier revoked the securities registrar's license of Ukrnaftohaz.

The State owns 75% of the shares in Dniprooblenerho (these shares are managed by the national joint-stock Energy Company of Ukraine), Larva Investments Limited (Cyprus) owns 15.9%, individuals own 0.7%, and corporate entities own the remainder.