Via the CDA Online application the first shareholders’ meeting of “ACBA BANK” OJSC took place

Thursday, 9 December 2021


An extraordinary general meeting of shareholders of “ACBA BANK” OJSC took place today via the CDA Online application of the Central Depository of Armenia. The meeting was attended by the shareholders (1118 persons) who registered public placement of the shares realized by “ACBA BANK” OJSC before September-November this year. From December 1st to 8th, the shareholders obtained online access to all the information about the meeting and documents, the issues under discussion, and voted via mobile and web applications. Immediately after the start of the voting, a forum was created, where the shareholders were able to discuss their concerns both with each other and with the secretary of the meeting. The results of the meeting are archived and are also available after the voting.

“The main purpose to convey an extraordinary meeting of shareholders was to approve the results of the placement of additional shares issued by the Bank. Back in September, we issued 500,000 shares worth AMD7.5 billion, which were fully consumed within the timing set. We thank all of our shareholders for the trust and we will do our best to meet their expectations by contributing to the development of our country’s economy together,” stated Hakob Andreasyan, ACBA Bank’s Chief Executive Officer.

“ACBA Bank shareholders’ meeting is the first to be held via the CDA Online application. I am pleased to note that the Central Depository of Armenia is the first organization in the region to introduce an online electronic voting system. I am confident that in the coming few years, the CDA Online application will continue to be in high demand for both joint stock companies and among investors, as it contains rich functionality and is not limited to the opportunity to convene or hold online shareholder meetings only,” stated Vahan Stepanyan, General Director of the Central Depository of Armenia.