Shares of United Credit Bank for a total of 900,000 manat were placed at Baku Stock Exchange.
Issue of 17,500 ordinary registered uncertified shares of nominal value of 2,000 manat was registered by the end of February this year. According to the exchange, all shares were sold in two transactions (two investors).
Underwriting was provided by Ltd. Chelsea Capital. So far they placed 8.3% (2.9 mln) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it. The paid charter capital thus reached 23.01 million manat.
The major shareholder (88.78% of equity) is LLC United Business Co.. The remaining shares are divided between two individuals. - 15B -
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