Placementg of shares of JSC Capital Bank will not begin until July 18

State Committee for Securities registered the issue prospectus of 3 million shares of Capital Bank with par value of AZN 10 on July 3. The existing shareholders, as in the previous issue, are given the right to buy a proportionate amount of their equity shares of a new issue for three days.

According to the Baku Stock Exchange report on Thursday, the placement of the new issue of shares of the bank will not begin until 15 days after the registration at the SSC, that is 18th of July. On a specific date IPO investors will be notified via the Internet site of Capital Bank within 10 days after the date of issue.

Underwriter of the stocks is LLC Chelsea Capital. For placement of shares therre has been set a 365-day period. However, it can be finished after the sale of the last campaign.

OJSC Capital Bank has 169 shareholders, including 168 individuals. The paid-up share capital is 50 million manat. Ltd. Pasha Holding owns 99.81% or 4,990,706 shares.

OJSC Capital Bank has not paid dividends since 2008. On the first of April this year, the total capital of the bank amounted to 118.8 million manat. - 08D-