Azerbaijani Xalq Sıgorta insurance company increases par value of shares
Baku, Azerbaijan, May 1
Azerbaijani State Securities Committee (SSC) registered the emission prospectus of ordinary non-documentary nominal shares of Xalq Sıgorta JSC.
The volume of emission is 30.373 million Azerbaijani manat.
The emission placement will be carried through converting 7.39 million shares at par value of 4.11 Azerbaijani manat to the same volume of shares at par value of 3.85 Azerbaijani manat.
The change in the par value of shares will result in a 6.75 percent increase in the Xalq Sıgorta's authorized capital - from 28.452 million manats to 30.373 million manats.
Xalq Sıgorta JSC was established in 2005.
The official exchange rate on May 1 is 0.7843 AZN/USD.
Translated by E.A.
Edited by S.I.