Credo Bank placed more than half of the announced issuance of shares

Shares of Credo Bank totaling 1 million manat were posted on the BSE on Tuesday.

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 three transactions (three of the investor). The underwriting services were rendered by Ltd. Chelsea Capital.

By now they have placed 51% (15.3 million manat) of the announced issue. According to the legislation issue is held in the case of placing her half.

Paid-in share capital of the bank, thus, reached 36.14 million manat. Credo Bank shareholders are 11 individuals and two entities. - 15B -

 

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