Shares of Expressbank for a total of 6.01 million manat were posted on Tuesday, at the Baku Stock Exchange.
Issue of 52,343 ordinary registered non-documentary shares of 273.20 manat was registered by the end of last month. According to the Exchange, all the shares were sold in a single transaction (one investor). Underwriting services were provided by Unicapital LLC. Today they have posted 42.03% of the announced issue. According to the legislation issue is held in case of placing half of it.
Paid-up share capital of the bank, thus, reached 93.42 million manat. Its shareholders are four legal entities, including LLC ADOR (42% equity) and LLC Azenko Group (40%). - 15B -
Economics
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