The largest transaction of purchase and sale of shares was registered at the informal market of securities in Azerbaijan since September 2011. This transaction resulted in a change of control over JSC Bank Technique.
The structure, formerly known as TekhnikaBank from the first quarter of 2012, is undergoing a major process after the arrest of its Chairman of the Supervisory Board Ehtibar Aliyev.
According to the published data of the Baku Stock Exchange from June 19, the OTC market recorded transaction with 48,565 shares of one of the financial institutions. Nominal value per share - 1,000 manat. The transaction is at par shares.
In the message, contrary to regulations of the State Committee on Securities, there is no information about the issuer of the shares. However, as identified Turan, it is 100% is about 75% of the shares of a private company World Wines. The firm was registered in Azerbaijan in 2000 and, according to the auditor's report for the year 2012 of JSC Bank Technique, it is controlled by an Adil Mammadov. The report also notes that on April 23 this year signed an agreement of intent between the "World Wines" and registered in Luxembourg corporation "Beaufort Investissements SA" for the purchase of the shares owned by the first party in the bank. May 10 Luxembourg company made a down payment of $ 10.355 million manat . actual size of the transaction is unknown. The transaction is fixed at the nominal value of the shares. Rather, registered 31st March 2009 in Luxembourg SA "Beaufort Investissements SA" has Azerbaijani roots, as in the section of this company in the commercial register of persons in this country (http://opencorporates.com/companies/lu/B145413) featured a few names from Azerbaijan.
In April of this year, the bank's other shareholders sold 11.58% (7500 shares) owned by him of a 25% stake. Note that prior to the known processes 10% of its shares owned by the company Kazimir Caspian Fund Limited. 15% is owned by Etibar Aliyev.
In 2012, the assets of JSC Bank Technique fell from 539 million to 416.5 million manat (-22.8%).
At the general meeting of shareholders on 17 September 2012 it was decided to increase the share capital up to AZN 80 million through the issue of 15,245 ordinary shares, to be paid for this year. - 08B-
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