Azerbaijan, Baku, Jan.12 / Trend /
Technikabank's securities with state registration numbers AZ100100508, AZ20050508 and AZ200600508 and Demirbank's securities with numbers AZ100100014P and AZ300100014 were admitted to the Baku Stock Exchange (BSE) quotation list, the BSE reported
Based on the new rules of listing, delisting and admitting securities to BSE trading, which entered into force in August 2009, quotes will be implemented at the BSE. The securities must meet certain requirements on capital, management quality and objectivity, statutory auditing, and corporate governance.
The BSE must create transparent conditions for securities trade, listing and periodic securities information publication.
The BSE has also approved tariffs for listing. The BSE had decided to postpone the collection of listing fees to the first of January 2010, as an additional measure for the development of the stock market, and to encourage companies to release listing as well. The first two banks were admitted in the first level listing on Dec. 30, 2009.
Listing tariffs of Baku Stock Exchange *
|
Fee title |
Amount of fee |
Notes |
|
Nonrecurrent entrance fee |
||
|
1st tier listing 2nd tier listing |
300 manat |
the companies passed these listings of securities free of charge |
|
Shares |
3 000 manat |
|
|
Bonds |
600 manat |
|
|
2nd tier listing |
||
|
Shares |
600 manat |
|
|
Bonds |
300 manat |
|
|
Annual maintenance fee |
||
|
1st tier listing |
||
|
Shares |
0.03 percent - min. 500 manat, max. 20 000 manat |
The fee is calculated as a percentage ratio of the par value of all listed securities of the issuer. |
|
Bonds |
0.02 percent - min. 600 manat, max. 4 000 manat |
|
|
2nd tier listing |
||
|
Shares |
0.015 percent - min. 250 manat, max. 6 000 manat |
|
|
Bonds |
0.01 percent - min. 300 manat, max. 2 000 manat |
|