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Second Issue Of Artsakh HEK Ojsc Stocks Listed At NASDAQ OMX Armenia

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  • Second Issue Of Artsakh HEK Ojsc Stocks Listed At NASDAQ OMX Armenia

    SECOND ISSUE OF ARTSAKH HEK OJSC STOCKS LISTED AT NASDAQ OMX ARMENIA

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/economy21711.html
    Published: 18:16:37 - 10/05/2011

    YEREVAN, May 10, 2011 - Starting May 11, 2011, common nominal stocks
    issued by Artsakh HEK open joint stock company will be listed on
    B market of NASDAQ OMX Armenia. A total of 1,400,000 stocks of the
    company with nominal value of AMD 1,000 were listed. Thus, 7,362,074
    stocks of Artsakh HEK ojsc will be oustanding in the market.

    'Artsakh HEK' ojsc is a major power production company in
    Nagorno-Karabakh Republic (NKR), which currently satisfies around
    50% of NKR's total electricity needs. The company operates Sarsang
    hydropower plant, the largest in NKR, which has an average annual
    output of 90-140 mln kWh. Early in 2009, 'Artsakh HEK' ojsc entered
    the capital market with the first initial public offering in Armenia
    successfully allocating 862,074 newly issued common shares of the
    company to 1,111 local and foreign investors. For more details please
    visit the issuer's official web-site www.artsakhhpp.com




    From: A. Papazian
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