YEREVAN, February 1. /ARKA/. The Acba Bank said today its shares worth 7.5 billion drams have been listed on the Armenian Securities Exchange (AMX). Starting from today residents and non-residents – individuals and legal entities – have an opportunity to buy the listed shares of the bank.
Please visit invest.acba.am for more information.
Follow the process of buying and selling shares here.
“Today is a historic day for both the bank and the bank’s shareholders. Last year we successfully completed an initial public offering and the last step was a securities exchange listing and today we are announcing this process. Providing an opportunity to purchase shares, we are creating a platform for investing in the Armenian economy,” said CEO of Acba Bank Hakob Andreasyan.
He said that in the nearest future the process of purchasing bank shares will be simplified through digital solutions for all potential buyers and those shareholders who would like to sell their shares will be able to sell them in the same way.
Hayk Yeganian, CEO of the Armenian Securities Exchange, congratulated Acba Bank for its courage, as evidenced by this historic move.
“Acba Bank is now a public company available to a wide range of investors. The initial public offering was conducted in a very short period of time, attracting a large number of investors, which is a success for the Armenian capital market,” Yeganyan noted.
According to him, Acba Bank is the only company in Armenia which not only conducted the initial public offering but also, as a participant of the secondary market, is taking steps to spur up activity in this market.
“The bank’s shares are listed on the A platform, which is the most important platform at the securities exchange. The presence of many small- and medium-sized investors makes the bank’s shares more attractive to other investors by providing high liquidity,” the AMX CEO said.
Acba Bank conducted a public offering of 500,000 shares worth 7.5 bln drams in 2021.
Acba Bank’s selected market maker, Dimension, will be in charge of quoting the shares.
To buy/sell Acba Bank’s shares, apply to any bank branch or other brokerage organization. –0–
