Becoming a Shareholder of Telcell in 2024: Company Announces Public Share Offering
Telcell, a leading payment settlement company in Armenia, announced its first-ever public share offering during a press conference held on 18th September. The company plans to issue shares valued at approximately 1.5 billion AMD, with each share priced at 400 AMD.
“Our company has navigated a responsible and committed 17-year journey to arrive at this pivotal decision to issue shares. Trust is the cornerstone of any financial investment, and today, we want to share the trust we have earned by demonstrating our consistent growth and development,” said Artyom Ghazaryan, CEO of Telcell. “This is only the beginning. We intend to distribute at least 50% of our annual profits as dividends to our new shareholders.”
The share allocation is being managed by Armbrok, an investment firm, whose CEO, Aram Kaifajyan, was also present at the press event.
“We are thrilled to witness Armenian companies increasingly adopting modern financial tools, which will contribute to the development of the investment market in Armenia. Telcell is a key partner in this evolution, and we are confident that the company’s share placement will not only be successful but will also enhance financial literacy among the public,” remarked Kaifajyan.
A key feature of the offering is the ease of purchasing Telcell shares via the Telcell Wallet app.
“This initiative has the potential to transform Armenia’s investment culture. Individuals no longer need to visit an investment firm to buy shares. Verified users of our Telcell Wallet app can become shareholders with a single tap,” explained Tamara Sargsyan, Telcell’s Chief Financial Officer.
More than four million shares will be issued, making them accessible to the public. “This decision is both meaningful and symbolic for us. While the culture of stock investment is still developing in Armenia, we firmly believe that every citizen has the opportunity to participate in the market by acquiring shares in a public company,” added Liana Hunanyan, Deputy CEO of Telcell OJSC.
For further details, please visit invest.telcell.am.
Telcell was founded in 2007 and was the first company to offer payment terminal services in Armenia. Today, Telcell operates the largest terminal network in the country and offers the most versatile electronic payment application, Telcell Wallet. The company is regulated by the Central Bank of Armenia.
