Convertible Class B preferred shares of Unibank listed on secondary (B) site of Armenian Securities Exchange

YEREVAN, Dec. 30. /ARKA/. Convertible Class B preferred shares of Unibank OJSC have been listed on the secondary (B) site of the Armenian Securities Exchange (AMX), the bank's press service reported.

It said the preferred shares enable investors to receive fixed dividends. The yield on Unibank's shares, issued earlier this year in the amount of 1.1 billion drams is 12% per annum.

Listing significantly enhances the attractiveness of the securities: according to Armenian legislation, dividends received from listed shares are not subject to taxation.

This is Unibank's third issue of shares. In 2015, the bank successfully conducted an IPO, as a result of which more than 200 retail investors became its shareholders.

As an active participant in the market, Unibank conducted a total of 18 bond issues and placed about 4.3 billion drams and $39.5 million worth bonds. In 2020, the bank's US dollar-denominated bonds were cross-listed on the Moscow Exchange and became available to private investors in Russia. At CBonds 2021, Unibank's cross-listing of bonds was recognized as the best deal in Armenia.

Unibank's preferred shares prospectus was registered by the Central Bank of Armenia on May 21, 2021. Investors may acquire the hard copy of the prospectus at Unibank's head office in Yerevan, at 12, #53, 1-5, Charents Street and at its branches. The electronic copy is available at www.unibank.am. ($1 - 478.64 AMD). -0-