Shares of Zaminbank at the total amount of AZN 5 million are available on BSE.
Emission of 50 thousand ordinary registered non-documentary shares of AZN 200 was registered by the end of December. According to the Exchange, all the shares were sold in a single transaction (one investor).
Underwriting services were provided by Tekhnika Capital Management LLC. They have posted 50% of the announced issue. According to the legislation, issue is considered valid in case of placing half of it.
The paid-up share capital of the bank, thus, reached 37.182 million manat. The major shareholder since 1992 has been Zaminbank's Supervisory Board chairman Nadir Ismayilov (99.07%). - 15D -
Economics
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