Upcoming transactions for the sale and purchase of shares in Kapitalbank announced

Tashkent, Uzbekistan (UzDaily.com) -- Information on upcoming transactions for the sale and purchase of a block of shares in Kapitalbank was announced. This was stated in the message of the Uzbekistan Stock Exchange.

It is expected that within the framework of the transactions 33.33% of the share of the authorized capital of the bank or 131,946,615 shares of the bank will be sold.

The par value of the share is 950 soums. The market value of common shares is 1,030 soums, preferred shares - 4028 soums.

Earlier, Kapitalbank announced the buyback of its own shares. The bank plans to buy back 166.25 million ordinary shares - up to 42% of the authorized capital. This accounts for 46.72% of voting shares. Kapitalbank is ready to buy back shares at US$0.30 per share.