BAKU, Azerbaijan, August 2
By Klavdiya Romakayeva - Trend:
Uzbekneftegaz JSC plans to include its shares in the Toshkent Stock Exchange quotation list, Trend reports referring to the press service of Uzbekneftegaz JSC.
According to the information, in order to implement the roadmap for organizing the initial public offering (IPO) of Uzbekneftegaz JSC work is underway to include shares of Uzbekneftegaz JSC in Toshkent Stock Exchange.
It is reported that to date the preferred shares of the Uzbekneftegaz JSC are in free float in the amount of 24,312,673 units. Currently, the sale and purchase of these shares are carried out on the trading floor of ELSIS-SAVDO OTC (over-the-counter) trading organizer.
It is noted that for the first half of this year, the price for preferred shares of Uzbekneftegaz JSC varied from 720 soums ($0.068) to 3,000 soums ($0.28) per share with a par value of 500 soums ($0.047), which shows the attractiveness of this type of shares on the market.
The inclusion of shares in the stock exchange quotation list of stock exchanges contributes to the expansion of the investor base and the possibility of increasing the liquidity of shares, as well as increases confidence in the shares.
In this regard, the issue of including shares of Uzbekneftegaz JSC in the exchange quotation list of the Republican Stock Exchange is submitted for consideration by the authorized management bodies.
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