![United Credit Bank posted a 5.7% of the announced issue of shares](https://turan.az/resized/./turan-750-500-resize.webp)
United Credit Bank posted a 5.7% of the announced issue of shares
Shares of United Credit Bank for a total of 2 million manat were placed at Baku Stock Exchange.
Issue of 17.5 million ordinary registered non-certificated shares of nominal value of AZN 2 passed state registration in late February of this year. According to the exchange, all shares were sold in two transactions (the two investors).
Underwriting was provided by Ltd. Chelsea Capital. To date they have placed 5.7% (2 million manats) announced issue. According to the legislation issue is held in the case of placing her half. Paid charter capital thus reached 22.11 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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