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It has been evaluated to implement the approved second flat glass line project of Saint Gobain Glass Egypt SAE, domiciled in Egypt, in which we have 30% stake through our wholly owned subsidiary Sisecam Investment B.V. ("SIBV"), founded in the Netherlands, by establishing a new company. At our Board of Directors meeting, it was decided for our subsidiary SIBV to establish a new company in Egypt in partnership with Saint Gobain Nederland Beheer B.V and Ali Moussa for the realization of the second line investment, and to participate in the capital of the newly established company with 30% share for a payment of 5,046,000 EUR or its equivalent in local currency. English versions of this disclosure statement, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.