Moldovan commercial bank informs on putting to sale of two big stakes of newly issued shares

Chisinau, 1 February /MOLDPRES/ - The commercial bank Moldova – Agroindbank (MAIB) today informed about the further putting to sale of two stakes of stocks worth 450 million lei in all through the market regulated of Moldova’s Stock Exchange. The shares will be bid during 1 February – 26 June 2017.  

A press release issued by MAIB reads that one single stake of 36,605 newly issued ordinary nominal first-class shares were put to sale at initial price of 1,064.02 lei per one share. The second single stake of 389,760 shares will be bid at an initial price of 1,054.71 lei per one share. The newly issued shares can be bought only by persons who got preliminary written permission of the National Bank of Moldova (BNM), the biggest financial institution of Moldova, MAIB, also said.    

The BNM executive committee in early March 2016 blocked a group of MAIB shareholders, on grounds that they had acted jointly in relation to this bank and previously purchased a substantial quota of the bank’s registered share capital in a cumulative size of 39.58 per cent, without have a preliminary written permission of the National Bank. The shareholders were obliged to alienate the shares in a three-month period.   

The two stakes of shares concerned in the MAIB’s today announcement were put to sale in late last September. Given that they were not demanded, the term of putting shares to sale was extended.   

BNM Governor Sergiu Cioclea told a news conference that, “as for the shareholders, in a discussion with the National Financial Market Commission (CNPF), we reached conclusion to recommend and we agreed to back the proposal to extend the period of alienation, for mere reason that the alienation process has not been completed in these three months; yet, there are more than palpable indexes of increased interest on behalf of quality investors, which allow us hoping that this alienation will be successful, but we should create conditions for it to take place. We have a very good dialogue with CNPF, in order to be able to find solutions or the best way to the issues emerging.”   

(Reporter V. Bercu, editor L. Alcaza)