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Artsakh Hydropowerplant to place 1.4 million additional nominative common stocks worth AMD 1.4 billion

27.08.2010 16:47

Artsakh Hydropowerplant to place 1.4 million additional nominative common stocks worth AMD 1.4 billion

YEREVAN, August 27. /ARKA/. Artsakh Hydropowerplant OJSC has decided to place 1.4 million additional non-documentary nominative common stocks worth AMD 1.4 billion (about $3.8 million).

According to the information available on the official website of ArmSwissbank, consultant and underwriter of the issue, this decision was made at Artsakh Hydropowerplant directorial board’s meeting on August 20.

The board also approved rules implying placement of non-documentary common nominative stocks by using shareholders’ preferential right for acquiring stocks.

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