Qafqaz Inkishaf Banki Posted 71.8 % of Announced Issue of Shares

Shares of Qafqaz Inkishaf Banki for a total of 700,000 manat posted Tuesday on the BSE .

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 Chelsea Capital LLC. On today placed 71.8 % ( 28.7 million manat) announced issue. According to the legislation issue is held in the case of placing her half . Paid charter capital thus reached 43.5 million manat.

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 the 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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