Garant Sigorta increases authorized capital

Garant Sigorta increases authorized capital
# 22 April 2013 14:26 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of ordinary, book-entry shares of Garant Sigorta OJSC.

SCS says the face value is AZN 1,250, quantity – 4,000 and the volume of the issue – AZN 5 mln.


The placement will be held in conversion of ordinary, book-entry shares of Era Trans Sigorta with the face value of AZN 1,000 (quantity – 4,000 and the volume – AZN 4 mln) to new parameters. After placement, the authorized capital will increase by 25% to AZN 5 mln.

Remind that Garant Sigorta has been in operation since 2009.

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THE OPERATION IS BEING PERFORMED