Bank Respublika plans to increase its authorized capital by 126.79 million manats, or 2.7 times, from 73.96 million to 200.75 million manats.
AI will summarize what happened, why it matters and what it means for business.
The capital increase will be carried out by raising the nominal value of shares from 2.45 manats to 6.65 manats per security.
There are 30,188,200 shares of the bank in circulation.
Recall that Bank Respublika was established in 1992. 63.32% of the bank's shares belong to Natig Guliyev (Chairman of the Supervisory Board), 18.46% to Elchin Guliyev, 8.47% to Namig Guliyev, 5.45% to Shakir Ragimov, 4.22% to SIDT, and 0.08% to other individuals.
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Bank Respublika established
authorized capital was 73.96 million manats
bank plans to increase authorized capital to 200.75 million manats by raising nominal share value from 2.45 to 6.65 manats