Azerbaijan, Baku, Sept. 20 /Trend, E. Aliyev/
The inclusion of new privileged registered book-entry shares of Unibank OJSC, registered at 6,000,048 manats on the Baku Stock Exchange (BSE) starts on September 27, 2013, the BSE report said on Friday.
"The bank applied to the stock exchange for inclusion of its shares in the non-quotation list of the BSE," the report said.
Some 2,205,900 shares at a par value of 2.72 manats have been issued.
Unicapital OJSC is the underwriter of the placement.
After the new shares are placed, the bank's authorized capital will increase from the current 64.57 million manats to 70.57 million manats. As of late, in the first half of the year, the bank's total capital reached 80.87 million manats.
Unibank was established on October 15, 2002 as a result of the merger of two private commercial Azerbaijani banks, Mbank and Promtechbank. Unibank is a universal financial and credit institution rendering retail and corporate services. The bank's shareholders include the European Bank for Reconstruction and Development (15.1515 percent) and the German Investment Corporation DEG (8.3333 percent).
The rest of the equity has been distributed amongst the shareholders as follows: Eldar Garibov owns 50.8083 percent, Igor Yakovenko - 17.5301 percent, Zemfira Jafarova - 5.5 percent, minor shareholders - 2.6767 percent.
The official rate for Sept. 20 is 0.7844 AZN/USD.
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