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Block Trade of 17.34 Percent Shares of Alborz Reinsurance Company

2018/05/23 | 13:08 code : 9050 -
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Block trade of 17.34 percent shares of Alborz Reinsurance Company to take place on June 18th 2018.
Block Trade of 17.34 Percent Shares of Alborz Reinsurance Company

Block trade of 17.34 percent shares of Alborz Reinsurance Company to take place on June 18th 2018.

Public relations liaison of Iran Privatization Organization (IPO) reported 17.34 percent shares of Alborz Reinsurance Company, equivalent to 693,666,777 number of shares is to be offered on Tehran Stock Exchange(TSE) on June 18th 2018 in the form of 30 percent cash sale and 70 percent in 4 year installments.

Base value of each share is set on the closing price of stock on the prior trading day plus  20 percent on the condition that price is not less than 1089 Rials and total base value of 755,403,120,503.

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