Monday, March 30 2020 14:55
Alexandr Avanesov

Commercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotely

Commercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotely

ArmInfo. Joint-stock companies, commercial banks and insurance companies will be able to conduct a general meeting of shareholders remotely. The RA National  Assembly at an extraordinary meeting on March 30 discusses amendments  to the laws "On Joint Stock Companies", "On Banks and Banking  Activities" and "On Insurance and Insurance Activities".

According to Deputy Minister of Economy of the Republic of Armenia  Avag Avanesyan, currently there are certain restrictions related to  the holding of shareholders meetings with regard to the above-  mentioned types of activities. However, in the context of the fight  against coronavirus and the reduction of possible risks in this  regard, the government and MPs of the National Assembly considered it  possible to hold meetings of shareholders and remote voting. At the  same time, voting is possible with the participation of all  shareholders. In this regard, the concepts of "electronic newsletter"  and "electronic notification" are introduced into the package. In  order to organize a general meeting of shareholders, it is allowed to  conduct an electronic meeting of the Boards of Directors, which  should determine the dates of the general meeting of shareholders and  the procedure for their notification. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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Средневзв. Цена

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  USD

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USD

Цена откр.

482,00

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482,00

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Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

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1

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200 000

0бъем (драм)

96 400 000