Shares of Qafqaz Inkishaf Banki for a total of 3 million manat were placed at Baku Stock Exchange.
The issue of 40 million ordinary registered non-documentary shares of 1 manat passed state registration in December last year. According to the exchange, all shares were sold in three transactions (three investors).
The underwriting services were provided by Ltd. Chelsea Capital. So far they have placed 93% (37.2 million manat) of the announced issue. The paid charter capital thus reached AZN 52 million.
Shareholders are one legal person and 12 individuals. It is noteworthy that the number of shareholders of the bank was ten before, and with the arrival of three new shareholders the share of the bank's main shareholder and the chairman of the Supervisory Board Eldar Ismailov fell from 57.3 % to 45.9 %. - 15B -
Economics
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