Shares of Turanbank for a total of 3.43 million manat were placed at Baku Stock Exchange.
Issue of 9,243 thousand ordinary registered non-certificated shares of nominal value of AZN 1,082 passed state registration in early March of this year. According to the exchange, all shares were sold within ten transactions (ten investors).
Underwriting was performed by Ltd. Chelsea Capital. At present, there has been placed 100% of the announced issue. Paid charter capital thus reached AZN 40 million.
The shareholders of the bank acting since 1992 are 21 physical and 5 legal entities. - 15B -
Economics
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