Unibank replenishes its authorized capital
12/28/2015
Unibank will use the proceeds raised from its IPO to replenish its
authorized capital stock by about 1.1 billion drams to raise it to 14.1
billion drams. Unibank’s first placement of ordinary nominal shares
(UNIB) through an IPO at NASDAQ OMX Armenia stock exchange, opened on
December 18 was successfully completed December 24. IPO was conducted as
a standard open auction with a total of 186 transactions effected and
10,672,471 shares placed which raised 2,454,668,330 drams. The price of a
share with the face value of 100 drams grew to 230 drams.
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