Shares of JSC United Credit Bank totaling 1.5 million manat were posted Friday on the BSE.
Issue of 17.5 thousand ordinary registered uncertified shares with par value of AZN 2,000 passed state registration in late February this year. According to the exchange, all shares were sold in a single transaction (one investor).
Underwriting was done by Ltd. Chelsea Capital. By now they've placed 15.4 % (5.4 mln) of the announced issue. According to the law an issue shall be deemed when placing a half of it. The paid charter capital, thus, reached 25.51 million manat.
The principal shareholder (88.78 % equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B -
Economics
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