Initial release of Azerbaijani Railways shares carried out

The Azerbaijani State Committee for Securities has registered the
primary issue of dematerialized shares of the Azerbaijani Railways
company worth a total of 599 million mantas, a committee's message
published today says, Trend reports.

299.5 million shares worth a notional value of 2 manats each have been released.
It is the first emission of the Azerbaijani Railways after its
becoming a joint-stock company.

Azerbaijani Railways is the national operator of the railways in
Azerbaijan. It has a 100% state capital. The company joint-stock
company was established in the summer 2009 basing on Azerbaijani State
Railways, replacing it.