AGBank placed 47.5% of the announced issue of shares

Shares of AGBank for a total of 875 thousand manats were placed on BSE in the middle of last week.

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 a single transaction (one investor). Underwriting services were provided by Caspian Financial LLC. Today there has been posted 47.5% of the announced issue.

The paid-up share capital of the bank, thus, reached 22.375 million manat. The shareholders are 22 corporate entities and 51 individuals. - 15B-


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