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Rights Issue (Via Preemptive Right)
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Additional Explanations
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By our Bank Board of Directors resolution dated 26.04.2018, it is resolved that; 1. Within the context of the authorization granted to the Board of Directors under Article 6 of the Articles of Association of Yapı ve Kredi Bankası A.Ş. (the "Bank"), Bank's issued share capital is hereby increased from TL 4,347,051,284 by 94.31680 % to the amount of TL 8,447,051,284 -paid in cash- which is within the limit of the registered share capital ceiling of TL 10,000,000,000, 2. The issued shares representing the increased capital of TL 4,100,000,000 and 410,000,000,000 ordinary shares each having a nominal value of TL 0.01 shall be issued as "registered shares" monitored according to the principles of dematerialization in nature and existing shareholders' right to purchase additional new shares (the pre-emptive rights) shall not be subject to any restriction, 3. Within the context of the authorization granted to the Board of Directors under Article 6 of the Articles of Association of our Bank, the price for the shareholders' pre-emptive right to purchase will be realized at TL 0.01 for each share with nominal value of TL 0.01 (TL 1.00 for each lot of share having a total nominal value of TL 1.00), 4. The Head Office shall be authorized to determine the type of the shares to be issued following the capital increase, as "publicly traded shares" or "non-publicly traded shares", as the Head Office deems appropriate, 5. The shareholders' pre-emptive right to purchase new issued shares shall be exercised within at least fifteen (15) days. However, if the last day of the period is a weekend or a public holiday, such period should then end on the next business day, 6. The remaining shares following the exercise of pre-emptive rights to purchase; shall be offered to public for a limited period of two (2) business days at the base price formed on the Primary Market of Borsa Istanbul which shall be no less than the nominal value; on the dates to be announced in the notice of sales (tasarruf sahiplerine satış duyurusu), 7. It has been resolved to authorize the Head Office to determine the period for the exercise of the shareholders' pre-emptive right by virtue of disclosing it in the offering circular, to cancel the shares within six (6) business days which could not be sold following the expiry of the sale period pursuant to Article 25/(1)/(b) of the Shares Communiqué of the Capital Markets Board (VII-128.1) and for all operations to be executed within the scope of the decision. Bank's capital increase is made in line with the 2020 ambitions described below. 1- Strengthen and Optimise Capital Position 2- Sustainable Revenue Generation 3- Efficiency Gains 4- Asset Quality Optimisation In this context, during the meeting with analysts and investors which will be hosted in London on the 3rd May 2018 at 2.00pm (UK time), the Bank will present 2020 strategy and targets together with 1Q18 financial results in the Capital Markets Day. The information and presentations regarding the meetings will be published in our web site. 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.