Shares of Credo Bank totaling 1 million manat posted on Monday on the BSE.
Emission of 3 thousand ordinary documentary registered shares with par value of AZN 10 passed state registration in October 2012. According to the exchange, all shares were sold in two transactions (the two investors). Underwriting was provided by Ltd. Chelsea Capital.
So far there has been placed 57.7% (17.3 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing its half.
Paid-in share capital of the bank, thus, reached 38.14 million manat. CredoBank shareholders are 11 individuals and two entities. - 15B -
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