JSC United Credit Bank plans to start October 30, 2012 placement of five thousand ordinary non-documentary registered shares with par value of AZN 2, 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 will be by Chelsea Capital.
At full deployment of new shares authorized capital of the bank will increase by 70.9% to 24.11 million manat.
The major shareholder (88.78% equity) is LLC United Business Co." The remaining shares are divided between two individuals. - 15B -
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