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Azerbaijani insurance company raises capital by nearly 10 percent

Business Materials 20 April 2013 15:27 (UTC +04:00)
The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered shares of Azerbaijani insurance company Era Trans Sigorta in the amount of 5.7 million manat, the Committee report published on its website said.
Azerbaijani insurance company raises capital by nearly 10 percent

Azerbaijan, Baku, April 20 / Trend A.Akhundov /

The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered shares of Azerbaijani insurance company Era Trans Sigorta in the amount of 5.7 million manat, the Committee report published on its website said.

According to the report, the placement will be carried out through converting 3,000 shares with par value of 1756 manat in the same number of shares at par value of 1900 manat. As a result, the company's share capital will be increase by nearly 0.432 million manat - from 5.268 million manat to 5.7 million manat.
Era Trans Sigorta, operating since 1994, renders services on 24 types of voluntary and four types of compulsory insurance.

The official exchange rate on April 20 is 0.7847 AZN / USD.

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