OJSC Expressbank plans to start from August 28 this year, placing 31,479 ordinary registered non-documentary shares of AZN 273.20, the BSE said.
The issue of shares is included in the quotation list of the exchange. According to the prospectus, placement will be by the method of mass supply. Underwriting services will be provided by Unicapital LLC.
At full deployment of the new shares the authorized capital of the bank will increase by 10.9% to 87.41 million manat.
Shareholders are four legal entities, including LLC Adore (42% equity) and LLC Azenko Group (40%). - 15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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