OREANDA-NEWS. September 10, 2010. Center for Securities Market under the State Property Committee of Uzbekistan on 2 September 2010 registered the emission of shares by Mikrokreditbank.

An extraordinary meeting of Mikrokreditbank shareholders held on 18 June 2010 made a decision on emission of 150 million shares comprising of 149,865 ordinary nominal shares and 135,000 privileged shares at the nominal cost of 1,023.96 soums. All shares will be listed in the official UzSE exchange listing.

The shares will be circulating during 15 calendar days since the state registration. Shares will be divided upon closed subscription between bank shareholders in accordance with their shares in charter capital by replacing old shares at the nominal cost of 1000 soums for new shares at the nominal price of 1,023.96 soums.

By increasing the nominal price of shares the bank is increasing its charter capital. At that the difference between old and new shares comprising 3,594 million soums will be paid out from retained income for 2009.