JSC United Credit Bank starts from March 29 this year to accommodate 17.5 thousand ordinary non-documentary registered shares with par value of AZN 2, - the BSE reported.
The issue of shares is included in the quotation list of the exchange. According to the prospectus, the placement will be the method of mass supply. The underwriting services are provided by Chelsea Capital LLC.
At full deployment of the new shares the authorized capital of the bank will increase by 2.7 times and reach 55.11 million manat.
The major shareholder (88.78% equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B -
Economics
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