Staking on super-app and dividends: TelCell declares investors' interest in company's shares

p

YEREVAN, 4 November. /ARKA/. The active sale of Telcell shares continues, with thousands of shareholders already making significant investments in one of Armenia's leading financial ecosystems, testifying to the company's dynamic development, visible growth and confidence, TelCell CEO Artem Ghazaryan told a news conference today./pp

Artem Ghazaryan and Araksya Harutyunyan, Deputy CEO of Armbrok, a leading Armenian investment and brokerage company, spoke about the goals of the company’s IPO, the offering process, as well as the advantages and risks of investing in securities./pp

TelCell announced an initial public offering (IPO) on 18 September of about 4 million shares with a total value of about AMD 1.5 billion. The placement is carried out by Armbrok, while the securities are in custody of the Central Depository of Armenia./pp

The price of one share is 400 drams, the minimum number of shares for the first purchase is 10 shares, and the maximum is 500 thousand shares. One can become a TelCell shareholder through TelCell Wallet application or visiting the Armbrok office./pp ‘We have reached a stage of development where the next step should be to find new platforms for expansion, and one of the options is to put the shares up for sale and go public,’ said Ghazaryan.nbsp;/pp bOn the objectives, the offering process and dividendsnbsp;/b/pp ‘The sale of the shares issued by TelCell is underway with thousands of individual clients, as well as legal entities, including quite well-known and reputable companies, having become our shareholders and having made their most important investments in one of Armenia's financial ecosystems,’ Ghazaryan said./pp

He explained that the company is more focused on the retail market, pursuing the goal of having more shareholders, albeit with a small stake, and that TelCell's 17 years of operations have provided the kind of stable support that will encourage people to make a profitable financial decision./pp ‘We are creating a new investment culture in Armenia, and everyone has the opportunity to become a driving force for financial and technological innovation,’ TelCell's CEO said./pp img width=669 alt=Артем Казарян src=/upload/medialibrary/b85/b850571f05bf5ef77f4e75c12d69c9ce.jpg height=445 title=Артем Казарянbr/pp

According to him, the deadline for the initial public sale is 30 November this year, which is exactly one month to take advantage of the exclusive opportunity to become a shareholder of one of Armenia's leading fintech companies./pp ‘This is an attractive opportunity, especially since we aim to pay more dividends: we intend to distribute at least 50 per cent of our annual profit as dividends,’ Ghazaryan stressed./pp

He explained that the dividends will be distributed in May-June 2025, and during this period profitability may reach 7-7.5 per cent./pp ‘This is quite an ambitious and unprecedented proposal, especially among companies like ours,’ the TelCell executive said./pp

According to the company, TelCell has recorded an average annual profit growth of 37% over the last 7 years. In 2024, according to forecasts, it will be possible to ensure a profit of about AMD 2 billion./pp

According to Araksya Harutyunyan, Deputy CEO of Armbrok, the unprecedented activity has been fuelled by the availability of investment./pp ‘“We are confident that Telcell's technological and financial potential is more than sufficient to attract the attention of both individual and institutional investors, and we are pleased to continue supporting it by establishing collaboration with all interested parties,” she added./pp

In response to ARKA News Agency's question, Harutyunyan said that the investors include representatives of the financial sphere, institutional structures, the real sector of the economy, as well as individuals./pp ‘That was the goal - to have individual investors, because if investments were made by several groups of people in large lots, the volume of free turnover would not be ensured and the goal of attracting broad layers of society would not be achieved,’ she explained.nbsp;/pp bTransforming into a marketplacenbsp;/b/pp ‘Our main aim is to develop the fintech sector. We intend to direct cash (turnover) towards cashless one, and in this context to develop online tools as much as possible,’ TelCell CEO said in response to a question from ARKA news agency./pp

He explained that TelCell plans to create a ‘super-app’, namely the transformation of the company's application into a kind of marketplace, a platform where it will be possible to use a variety of opportunities and financial instruments./pp ‘We have already started to implement a number of tools to provide this platform, including Visa Digital card, credit products. In the future, we plan to co-operate with almost all players in the financial sector,’ Ghazaryan said.nbsp;/pp bDeposits or securities?nbsp;/b/pp

Araksya Harutyunyan said that in recent years Armenian citizens have started to invest their savings more in debt instruments, including corporate bonds of banks./pp img width=669 alt=Аракся Арутюнян src=/upload/medialibrary/7f6/7f6bcf0f1a147ab93742f5c88dca68e0.jpg height=445 title=Аракся Арутюнянbr/pp ‘Now there is a transition from bonds to shares. In recent years, several companies have gone for IPO and successfully realised it. And successful experience is the best way to learn,’ she said.nbsp;/pp bHow will the financial market develop?nbsp;/b/pp

Artem Ghazaryan predicts that Armenia's financial market in the short term will follow the path of development and international integration of debt and equity instruments, which can create very broad opportunities for local businesses./pp

Noting that a deposit is a savings instrument, while stocks and bonds are investments that involve both business growth and expansion and risks, he advised portfolio diversification not only to get more income, but also to balance risks./pp ‘This is a competent approach to managing one's own finances for both individuals and legal entities,’ he summarised.nbsp;/pp bAbout TelCellnbsp;/b/pp

Founded in 2007, Telcell was the first provider of payment terminal services in Armenia. Today, it operates the largest terminal network and offers a wide range of services through its Telcell Wallet electronic payment app./pp

The company has managed to maintain its leading position in an increasingly competitive market and has diversified its portfolio across several strategic directions, creating an ecosystem-based business./pp

Over the past seven years, Telcell has recorded an average annual profit growth of 37%. According to the company's forecasts, it will be possible to achieve a profit of around 2 billion AMD in 2024./pp

Telcell OJSC is regulated by the Central Bank of Armenia.-0-/pp nbsp;/p