Starts public offering by Muganbank

JSC Muganbank starts from tomorrow to accommodate five thousand ordinary registered non-documentary shares of AZN 200, the BSE.

The issue of shares is included in the quotation list of the exchange. According to the prospectus, placement will be the method of mass supply. Underwriting Services Ltd. has Texnika Kapital Management.

At full deployment of new shares authorized capital of the bank will increase by 3.5% to 29.31 million manat.

Major shareholder since 1992 the bank is chairman of the supervisory board Elmir Mehdiyev (65.50% equity). - 15B -


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