Qafqaz Inkishaf Banki Brought Share Capital to 40 Million Manat

Shares of Qafqaz Inkishaf Banki for a total of 6 million manat placed at Baku Stock Exchange.

The issue of 40 million ordinary registered non-documentary shares of 1 manat passed state registration in December last year. According to the exchange, all shares were sold in three transactions (three investors).

Underwriting services were provided by Chelsea Capital LLC. By now they have placed 63% ( 25.2 million manat) announced issue. According to the legislation issue is held in the case of placing her half . Paid charter capital thus reached AZN 40 million.

Shareholders are one legal person and 12 individuals. It is noteworthy that the number of shareholders of the bank was ten before, and with the arrival of three new shareholders share of the bank's main shareholder and the chairman of the Supervisory Board Eldar Ismailov fell from 57.3 % to 45.9 %. - 15B 

 

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