Zaminbank Posted More Than a Third of the Announced Issue of Shares

Shares of Zaminbank for a total of 2 million manat was posted on Wednesday, at the Baku Stock Exchange. 

The emission of 50 thousand ordinary registered non-documentary shares of AZN 200 passed state registration last week. According to the Exchange, all the shares were sold in a single transaction. Underwriting was provided by Ltd. Texnika Capital Management. Today 35% of the announced issue has been posted. 

The paid-up share capital of the bank, thus, reached 24.222 million manat. The main shareholder of Zaminbank is the Chairman of the Supervisory Board Nadir Ismayilov (98.54%). - 15D - 

 

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