AGBank Placed 30% of Announced Issue of Shares
Shares of AGBank for a total amount of 500 manat were placed at the end of last week at the Baku Stock Exchange.
The issue of 2.5 million ordinary non-documentary registered shares of nominal value of AZN 2 passed state registration in July. According to the Exchange, all the shares were sold in three transactions (three investors). The underwriting was provided by Caspian Financial LLC. 30% of the announced issue has been placed.
The paid-up share capital of the bank, thus, reached 21.5 million manat. The shareholders are 22 businesses and 51 individuals. - 15B -
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