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Economy 19/03/2012 UzExpoCenter to place shares for 8.735bn soums
UzExpoCenter to place shares for 8.735bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock company “National exhibition company “UzExpoCenter” will place shares for over 8.735 billion soums.

The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered a prospectus of emission of the company on 15 March 2012.

Within the issue, the company will place 1,673,383 ordinary shares with par value of 5,220 soums each. Total volume of the issue makes up 8.735 billion soums.

The company disclosed that the shares of the emission will be placed on closed subscription among shareholders through replacement of old shares with par value of 5,000 soums to new ones with nominal of 5,220 soums.

At the same time, the difference between new and old par values of the shares will be paid due to capitalization of the part of undistributed income of the company for previous years.

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