Armrosgasprom’s Authorized Capital Stock to Total $1.150 bln. in Late 2008
16.07.2008,
02:15
ArmRosGasProm’s authorized capital stock will total $1.150bln by late 2008, ArmRosGasProm General Director Karen Karapetyan said at today’s ceremony on the placement of non-documentary bonds.
YEREVAN, July 15. /ARKA/. ArmRosGasProm’s authorized capital stock will total $1.150bln by late 2008, ArmRosGasProm General Director Karen Karapetyan said at today’s ceremony on the placement of non-documentary bonds.
“At present, our company’s authorized capital stock totals $900mln,” he added.
Karapetyan believes the company’s market capitalization will be worth some $2bln.
Karapetyan formerly said the Armenia will keep increasing its share in the company’s authorized capital stock (22.78%) thanks to the IFAD program on financing gas supply projects, TACIS support and budget funds.
On February 15, the RA Public Services Regulatory Commission (PSRC) allowed Gazprom to purchase 19mln worth nominal bonds of ArmRosGasProm.
After the additional issue of the bonds, the company will pump 95.5bln drams into its authorized capital stock.
On July 15, ArmRosGasProm announced issue of nominal coupon non-documentary bonds worth 1bln drams. The nominal value of the 36-week bonds was 50,000 drams with their interest yield being 9.5%.
Monopolist in Armenia’s gas supply market, the ArmRosgasprom CJSC was established in 1997. The company’s capital amounts $900 mln.
Its shareholders are the Gasprom OJCS (72,16% of shares), the RA Ministry of Energy (22,78%) and the Itera Oil and Gas Company (5,06%). –0--
“At present, our company’s authorized capital stock totals $900mln,” he added.
Karapetyan believes the company’s market capitalization will be worth some $2bln.
Karapetyan formerly said the Armenia will keep increasing its share in the company’s authorized capital stock (22.78%) thanks to the IFAD program on financing gas supply projects, TACIS support and budget funds.
On February 15, the RA Public Services Regulatory Commission (PSRC) allowed Gazprom to purchase 19mln worth nominal bonds of ArmRosGasProm.
After the additional issue of the bonds, the company will pump 95.5bln drams into its authorized capital stock.
On July 15, ArmRosGasProm announced issue of nominal coupon non-documentary bonds worth 1bln drams. The nominal value of the 36-week bonds was 50,000 drams with their interest yield being 9.5%.
Monopolist in Armenia’s gas supply market, the ArmRosgasprom CJSC was established in 1997. The company’s capital amounts $900 mln.
Its shareholders are the Gasprom OJCS (72,16% of shares), the RA Ministry of Energy (22,78%) and the Itera Oil and Gas Company (5,06%). –0--
