AGBank placed 67.5% of the announced issue
Shares of AGBank for a total of 1 million manats posted on Wednesday, at the Baku Stock Exchange.
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 two transactions (two investors). The underwriting services were provides by Caspian Financial. They have posted 67.5% (3.375 million manat) of the announced issue.
The paid-up share capital of the bank, thus, reached 23.375 million manat. The shareholders are 22 businesses and 51 individuals. - 15B -
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