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Qafqaz Inkishaf Banki placed two-thirds of the announced issue of shares
Shares of Qafqaz Inkishaf Banki for a total amount of 350,000 manats posted on Thursday on BSE.
Issue 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. Today they have posted 66.6% (AZN 2 million) of the announced issue. According to the legislation issue is held in case of placing half of it.
The paid charter capital thus reached AZN 14 million. The main shareholder is the chairman of the Supervisory Board Eldar Ismailov (57.3%), the remaining 42.7% is distributed between 9 shareholders. - 15B -
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