The Central Bank of Armenia registered the prospectus of shares for the second placement of Artsakh HEK OJSC, under which 1.4mln ordinary nominal shares will be placed.
Armswissbank, which acts as underwriter of the emission, reported that the total cost of shares makes AMD 1.554bln, at a placement price of AMD 1,110 per share.
The placement of shares will be implemented by the preemptive right for acquisition of shares, for that delivering the written notification on use of the preemptive right for acquisition of shares till December 1.
The placement of shares not placed within the scope of preemptive right will be implemented via open subscription, which will start on December 2 and will last until December 22.
Artsakh HEK exploits Sarsanga and Trge hydropower plants in Nagorno Karabakh. Another three plants – Trge-2, Madaghis-1 and Madaghis-2 – are planned to be construction through the placement of shares. The stations construction will allow securing energy supply of Nagorno Karabakh for 100%.
