Buta Sigorta Insurance Company today launched a placement of additional shares in the amount of 4 million manat.
According to BSE, the securities are not included in the quotation list of BSE.
The emission is divided into 200,000 shares with par value of 20 manat per security. Shares must be placed before March 1, 2015.
Underwriter of the shares of the additional issue is LLC Chelsea Capital. Meanwhile the charter capital of Buta Sigorta is 7.3 million manat. As a result of the placement, the share capital will increase 54.8 % to 11.3 million manat.
Buta Sigorta has operated in the insurance market of Azerbaijan since 1996. Buta Sigorta is part of the NAB Group of Companies. -17D-
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