Nikoil Bank Posted a 42.6 % Share of Latest Issue

The shares of Nikoil Bank for a total of 5.114 million manat were posted on Friday on BSE.

Issue of 6 million ordinary registered uncertified shares of nominal value of AZN 2 passed state registration in this month. According to the exchange, all the shares were sold in a single transaction (one investor). Underwriting was provided by Chelsea Capital. By now they have placed 42.6 % (5.114 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it.

The paid-in share capital of OJSC Nikoil Bank thus stood at 27.614 million manat. - 15B -

 

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