Placement of the shares of "Merano Baku" OJSC on the Baku Stock Exchange by way of subscription has been completed

On September 4, 2023, the placement of 100,000 (one hundred thousand) manat undocumented ordinary shares of JSC "Merano Baku" with state registration number AZ1002024672 on the Baku Stock Exchange by subscription was finalized.

During the subscription, 1 order at the price of 10,000 AZN was submitted to the underwriter by 1 investor.

The total amount of subscription orders at a nominal price was 100,000 manats. The volume of shares placed at the nominal price was 100,000 manats.

The underwriter for placement is "AzFinance Investment Company" CJSC.