Bank Of Baku

Gala Sigorta shares placement

Gala Sigorta shares placement
# 13 October 2010 07:07 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. OJSC Gala Sigorta applied to CJSC Baku Stock Exchange (BSE) for inclusion of its ordinary registered book-entry shares to the non-quotation list of BSE. The start of the OJSC Gala Sigorta’s shares placement is planned to be held beginning from October 14, 2010.

Parameters of the issue:

Issue volume AZN 2 500 000
Quantity of shares 2 500
Par value AZN 1000
Underwriter Caspian Financial LLC

After placement the authorized capital will increase by 3.5 times to AZN 3.5 mln.

Note that Gala Sigorta has been in operation since 2008.
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THE OPERATION IS BEING PERFORMED