Zaminbank Successfully Completed Share Placement

Shares of Zaminbank for a total of 2.5 million manat were posted on Thursday on 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 LLC. Today they have posted 100% (AZN 10 million) of the announced issue.

The paid-up share capital of the bank, thus, reached 42.182 million manat. The major shareholder of Zaminbank operating since 1992 is the chairman of the Supervisory Board Nadir Ismayilov (99.07%). - 15D -

 

 

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