“ARTSAKH HEK” OJSC has successfully completed the placement of the second issue of the shares at the nominal value of 1,400,000 AMD. The company managed to attract 1,554,000 AMD of means in the result of the shares placement, which is a single case in the RA corporate stock market.

The placement was realized by 2 stages: acquisition of the shares by acting shareholders with the priority right and by public subscription.

Within the confines of application of the priority right, which lasted from November 2 to December, 103,146 shares at the general amount of 114,492,060 AMD were placed, which is the 51 % of the shares to be sold within the priority right. 50 shareholders exercised their priority right of shares acquisition.

122 investors have participated in the public subscription process, which lasted from December 2 to December 22 and purchased 1,296,854 shares at the total amount of 1,439,507,940 AMD.

“Armswissbank” CJSC, the organizer of the shares placement, qualified the process as a successful one considering the activity shown by the depositors and the demand for the company shares.