Pursuant to the Resolution of the General Meeting of Shareholders of Uzpromstroybank dated 28 April 2017, each Bank share with a nominal value of UZS 3,382 was split into 178 shares. Effective from 18 July 2017, the nominal value of each Bank share is UZS 19.
In addition, the General Meetings of Shareholders of JSCB Uzpromstroybank held on 29 April 2016 and 28 April 2017 resolved to increase the Bank’s authorised capital through capitalisation by allocating part of its profit to an additional share issue. Accordingly, on 2 August 2017, the Bank issued additional shares as part of its 23rd issue, with a nominal value of UZS 19 per share and a total nominal value of UZS 27.4 billion.
The additional shares issued by the Bank were placed through a private placement, with 7 additional shares allocated for every 178 ordinary or preferred shares held by shareholders included in the register of shareholders as of 27 July 2017.
