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Share Issue / Cancellation Info
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Additional Explanations
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BORSA İSTANBUL İSTİNYE-İSTANBUL
As stated in the Material Disclusure Form published on 15.03.2018; according to our Board of Directors Decision on 14.03.2018, it had been resolved that :
i) The portion of TL 14,400,000.00 of the shares (corresponding to 5.30% of the paid-up capital of the Company ) repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with paragraph nine of Article 19 of the Communiqué with Serial No. II-22.1on Buy-Back Shares of the Capital Markets Board and the current paid-up capital of the Company in the amount of TL 270,000,000.00 be decreased to TL 255,600,000.00 ("Capital Decrease Procedure")
And the application to the CMB was made for his purpose.
The amendment planned to be made in Article 6 of the Company's Articles of Association regarding the said Capital Reduction Transaction has been approved by CMB.
As the next process step; the Capital Decrease will be submitted to the shareholders' approval at the 2017 Ordinary General Assembly.
Further details will be shared with the public in a timely manner.
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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.