Belagroprombank shares are listed on the Belarusian Currency and Stock Exchange
Belagroprombank shares are listed on the Belarusian Currency and Stock Exchange

Belagroprombank became the next company after Belavtodor Holding Company that got their shares listed on the BCSE special trading platform “Market for State Enterprises”. After listing procedure, the 34th and 35th issues of Belagroprombank shares were transferred from the List of Unlisted Securities to the First Level Quotation List of the above-mentioned platform.

Listing on the exchange is an additional confirmation of the issuer's reliability and, thereby, it increases all market participants’ confidence in its securities, ensures public awareness and popularity of the company, and provides the issuer with potentially unlimited opportunities to raise additional funds for the effective development of the company.

Investors receive an additional instrument for long-term investments that is alternative to a bank deposit, and gain confidence in the reliability of the company that monitored by securities market professionals.

Brief information. The BCSE listing procedure is carried out in accordance with the BCSE Listing Rules, as agreed by the Ministry of Finance of the Republic of Belarus and approved by the BCSE Board (Minutes No. 25 as of May 14, 2020).

There are the following special requirements for securities admitted to trading on the Market for State Enterprises and included into the First Level Quotation List:

the state share in the issuer's authorized capital should be at least 75%;

issuer's net assets value should be at least 10 thousand base value (with the exception of banks whose authorized capital should be at least BYN 58.1 million - the minimum amount established by the National Bank of the Republic of Belarus in 2020);

the issuer should be active at least three years from the moment of its formation (creation);

the issuer should have at least 300 shareholders (only for shares);

the issuer should have no negative financial results from the sale of products, goods (works, services), no net loss upon results of any two years from the last three ones;

the issuer should have no unfulfilled obligations upon bonds issued by the issuer during the last three years, as well as during the entire period of the securities being in this quotation list;

the issuer should use the corporate governance system in accordance with certain requirements.

The first company that got their shares listed on the BCSE was BELAVTODOR, a joint stock company with a state share in the authorized capital, which was listed and admitted to trading on the Market for State Enterprises (Second Level Quotation List).

Tags: Listing News