Zaminbank Placed 15% of the Announced Issue of Shares
Shares of Zaminbank totaling 1.5 million manat were posted at the Baku Stock Exchange on Sept. 25.
The release of 50 thousand ordinary registered non-documentary shares worth AZN 200 passed state registration last week. According to the Exchange, all the shares were sold in a single transaction. The underwriting services were provided by Texnika Capital Management. 15% of the announced issue has been posted.
The paid-up share capital of the bank, thus, reached 22.222 million manat. The main shareholder of Zaminbank is the Chairman of the Supervisory Board Nadir Ismayilov (98.54%). - 15D -
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