TASHKENT, Uzbekistan, March 29. Uzbekistan's Hayot Bank will issue common shares for a total of 150 billion soums ($11.9 million) for additional capitalization, Trend reports.
As per data published on Uzbekistan's unified portal of corporate information, the bank intends to place 150 million shares at a par value of 1,000 soums each ($0.079). The shares will be placed by closed subscription.
Now the authorized capital of Hayot Bank is 200 billion soums ($15.8 million).
Earlier, President of Uzbekistan Shavkat Mirziyoyev signed a law on the gradual increase of the minimum amount of authorized capital. This indicator should be 350 billion soums ($27.7 million) from the beginning of April and 500 billion soums ($39.6 million) from the beginning of January 2025.
Meanwhile, Uzbekistan's National Agency for Perspective Projects has registered the issue of additional securities from Uzum Bank for additional capitalization.
The issue volume will amount to 150 million common shares with a nominal value of 1,000 soums ($0.079) per unit. According to the February decision, all securities will be placed with Continent Arm Investments, a subsidiary of Uzum Holding, registered in the UAE.