OREANDA-NEWS. December 6, 2007. The Azerigaz Bank JSC shareholders approved the increase in the bank's authorized capital by AZN 3 million (25%) to AZN 15 million. Shares of AZN 1.5 million (10%) will be given to a new foreign investor. The deal's premium will exceed its nominal value a lot. The shareholders also voted for changing the legal status of the bank's 300,000 preference shares (AZN 2 each on the nominal value). The shares will be ordinary ones (with a voting right). The bank's Chairman, Azer Movsumov, said the dividends will be at 17-20% this year.