Economic News
January 16, 2008 Wednesday
ARARATBANK Launches Direct Public Offering
Yerevan. ">OREANDA-NEWS . January 15, 2008. From December 2007,
ARARATBANK Open Joint Stock Company, for the first time in Armenia,
began to implement direct public offering (DPO), the bank’s press
service reported. A presentation dedicated to direct public offering,
having the slogan Have Your share in the capital of, become
shareholder of ARARATBANK OJSC, took place at Armenia Mariott hotel.
The issuing shares were 76,300 (seventy six thousand three hundred)
ordinary nominal, non documentary shares. The issuing volume was
381,500 thous Armenian drams. The nominal value of one share was
5,000 Armenian drams. The allocation value of shares was 5,900
Armenian drams. The allocation of shares was planned to be actualized
on January 21, 2008, though, taking into consideraion, that on 29
December, 2007, the number of shares was completed, the requirement
of shares has visibly surpassed the proposed volume of DEPO shares,
the Bank has terminated the subscription. As a result of
subscription, 83 applicants will register as shareholders of
ARARATBANK OJSC.
From: Emil Lazarian | Ararat NewsPress
