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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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02.02.2018
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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On the material event disclosure dated 02.02.2018, it was announced that our subsidiary İskenderun Demir ve Çelik A.Ş. will participate by 50% (USD 23.000.000 or TRY equivalent) to the USD 46.000.000 (or TRY equivalent) capital increase of its joint venture İsdemir Linde Gaz Ortaklığı A.Ş. (İlgaz).
General Assembly Meeting of İlgaz was assembled on 08.03.2018, and at this General Assembly, it was decided to increase the 27.000.000 TRY capital of İlgaz by 174.666.600 TRY (USD 46.000.000) to 201.666.600 TRY.
Both our subsidiary İskenderun Demir ve Çelik A.Ş. and other shareholder Linde Gaz A.Ş. participated by 50% (87.333.300 TRY equivalent of USD 23.000.000) to the capital increase and paid the pledged capital increase amount in cash to the İlgaz's bank account on 09.03.2018 and decisions which are taken at General Assembly Meeting had been registered on 12.03.2018.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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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.