Starting September 19, 2006, the Baku Stock Exchange (BSEX) commences placement of simple nominal non-documentary shares of UniBank OJSC. The volume of the issue is 30.736 AZN with the face value 2 AZN per one share, Trend reports referring a message spread by BSEX.
In contradistinction with other issuers, the issue of UniBank shares has been carried out to approximate and simplify the counting of the number of the shares, but not to increase the authorized fund of the bank. At the same time, the authorized capital of the bank is still kepr at the level of 6.6 m. AZN. Though, in accordance with the normative requirements of the National Bank of Azerbaijan, the total authorized capital of all the banks operating in Azerbaijan should reach 10 m. AZN to July 1, 2007.
In accordance with the prospect of the issue, the placement will be carried out by the method of open subscription at BSEX. UniBank will play the role of underwriter.