Shares of Ganjabank for a total of 2.5 million manat posted on Wednesday at the Baku Stock Exchange.
Emission of 1.75 million ordinary registered non-documentary shares of 20 manats passed state registration in November 2012. According to the exchange, all shares were sold in a single transaction (one investor). Underwriting was provided by Unicapital.
They have placed 71.8 % (25.125 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it.
Paid-in share capital of the bank, thus, reached 40.125 million manat. Ganjabank shareholders are four individuals, one of whom owns 58.5% of the equity. -15B-
Economics
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