In accordance with the resolution No. 267 of the Financial regulatory commission adopted on 07 July 2014, BDSec JSC received an approval to issue 6,000,000 shares in rights issue and the number of outstanding shares will be increased to 17,000,000.

BDSec (MSE:BDS) was established in 1991 and provides underwriting, brokerage, and investment advisory services. The company went to public in 2006 and raised capital by issuing additional shares in 2008.

In conformity with articles number 34.2 and 38 of the company law of Mongolia, existing investors are entitled to exercise their pre-emptive rights for maintaining same percentage of ownership they have in the company.

The exercise price of rights was set at MNT 1,931 through BDSec JSC’s board meeting and remaining shares will be publicly issued at no less than MNT 2,146.

Therefore, any investors willing to exercise their rights should contact own brokers before 26 August, 2014. 

Trading of rights issue will openly take place on the Mongolian stock exchange.

Issuer: BDSec JSC

Shares outstanding: 11,000,000

The rights issue size: 6,000,000

Pre-emptive right exercising price: MNT 1,931 per share

Record date for exercising the rights: 03 March, 2014

Number of shares to be acquired: the same proportion as ownership

For more information contact us at:

Head of investment banking – shinee@bdsec.mn

Institutional sales – (+976)-11-32-3411;traders@bdsec.mn