Freedom Broker conducted a private placement of shares in Airports of Kyrgyzstan

Freedom Broker investment company has completed a private placement of ordinary shares in OJSC Airports of Kyrgyzstan, using a fully digital format for the first time in the history of the republic's stock market.

The main innovation was that Freedom Broker implemented the process entirely online, from opening brokerage accounts to submitting applications for the purchase of shares. This allowed airport shareholders from different regions of the country to participate in the placement remotely, without the need to be physically present.

A total of 9,635,084 ordinary registered shares were sold for a total of 4.08 billion KGS.

The company notes that the digital approach was made possible thanks to the experience of its parent structure, Freedom Holding Corp., which is developing an ecosystem of financial services in international markets.

‘The implementation of this project confirms our strategy to develop the Kyrgyz stock market, expand public access to investment opportunities and promote a culture of investment through modern technologies,’ Freedom Broker emphasises.

On 2 October, the Financial Market Regulation and Supervision Service approved the results of the sixth issue of shares of OJSC Airports of Kyrgyzstan, which was placed using Freedom's innovative approach.