Bank "BTB" broke the rules of Investment Securities

Bank "BTB" broke the rules of issue of investment securities that are not identified in the Prospectus names of persons holding 10% or more of its shares. However, the State Committee for Securities registered on May 23, the issue of shares with a total nominal value of AZN 36.4 million, which will enable the bank to increase its authorized capital to the required by the Central Bank at the beginning of 2014 a minimum - 50 million manat.

According to Art. 4.4.6 Regulation of Investment Securities approved by the SSC on 11 May 2012, the prospectus should disclose about the owners of the shares, which owns 10% or more of the shares of the issuer. Deviating from this requirement, specified in the prospectus is that the founders of the bank are three natural person. It is noteworthy that before the SSC blind eye to a similar case and of "Silk Way Bank". The press service of the SC has not commented on this fact.

In the previous prospectus of Bank "BTB" noted that its shares are held Mehdieva Nigar Ismayil gyzy (75%), Noureddine Elmeddina oglu Aliyev (15%) and Jafar Tofig oglu Aliyev (10%).

According to the new prospectus, the current shareholders have determined the three-month period of payment of their proportionate equity. In general, the term of the placement of shares completed no later than April 22, 2014. The issue underwriter brokerage company of "Unicapital".

JSC Bank "BTB" acts since 2010. Today, its registered capital is 13.6 million manat. March 29 this year, the BSE had struck a deal for buying and selling 2,040 shares at par value - 2,040 manats. - 08B-