Zaminbank Posted 75% Share of Latest Issue

Shares of Zaminbank for a total of 2.5 million manat are available on the BSE.

Emission of 50 thousand ordinary registered non-documentary shares of AZN 200 was registered by the end of December 2012. According to the Exchange, all the shares were sold in a single transaction (one investor).

The underwriting services were provided by Texnika Capital Management Ltd. Today there has been posted 75% (7.5 million manat) of the announced issue. According to the legislation, an issue takes place in case of placing half of it.

Paid-up share capital of the bank, thus, reached 39.682 million manat. Major shareholder of Zaminbank operating since 1992 is the chairman of the Supervisory Board Nadir Ismayilov (99.07%). - 15D -


Leave a review


Follow us on social networks

News Line