Qafqaz Inkishaf Banki has placed 55% of the announced issue of shares

Shares of Qafqaz Inkishaf Banki for a total amount of 150,000 manats were posted on Wednesday on BSE.

The issue of 3 million preferred non-documentary registered shares of a par value of AZN 1 passed state registration in December last year. According to the Exchange, all the shares were sold in a single transaction (one investor).

Underwriting services were provided by Ltd. Chelsea Capital. To now, there has been posted 55% (1.650 million manat) of the announced issue. According to the legislation issue is held in case of placing half of it.

 The paid charter capital, thus, reached 13.650 million manat. The main shareholder is the chairman of the Supervisory Board Eldar Ismailov (57.3%), the remaining 42.7% are distributed between 9 shareholders. - 15B -

 

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