YEREVAN, May 11. / ARKA /. NASDAQ OMX Armenia stock exchange said today that starting May 11, 2011, common nominal stocks issued by Artsakh HEK cjsc. will be listed on B market of NASDAQ OMX Armenia.
According to a press release, a total of 1,400,000 stocks of the company with nominal value of AMD 1,000 were listed. Thus, currently there are 7,362,074 stocks of Artsakh HEK ojsc outstanding in the market.
“Artsakh HEK” ojsc is a major power production company in Nagorno-Karabakh Republic (NKR), which currently satisfies around 50% of NKR’s total electricity needs. The company operates Sarsang hydropower plant, the largest in NKR, which has an average annual output of 90-140 mln kWh. Early in 2009, “Artsakh HEK” ojsc entered the capital market with the first initial public offering in Armenia successfully allocating 862,074 newly issued common shares of the company to 1,111 local and foreign investors.
In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.
On January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc. -0-
