Qafqaz Inkishaf Banki Posted 47.5% of the Announced Issue of Shares
Shares of Qafqaz Inkishaf Banki for a total of 800 thousand manats were 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 a single transaction (one investor).
Underwriting was provided by Ltd. Chelsea Capital. On today placed 47.5% (AZN 19 million) announced issue. According to the legislation issue is held in the case of placing her half. Paid charter capital thus reached 33.8 million manat.
Shareholders are one legal person and 12 individuals. It is noteworthy that the number of shareholders of the bank was 10 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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