United Credit Bank posted more than a quarter of the new share issue

Shares of JSC United Credit Bank totaling 1.7 million manat posted on the BSE.

Issue of 17.5 thousand ordinary registered uncertified shares with par value of AZN 2 passed state registration in late February this year. According to the exchange, all shares were sold in two transactions (two investors).

Underwriting was provided by LLC Chelsea Capital. Today there has been placed 25.4% (8.9 million manat) announced issue. According to the law, an issue is considered deemed when placing a half of it. The paid charter capital, thus, reached 29.01 million manat.

Principal shareholder (88.78 % equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B-

 

 

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