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[TSGYO]
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Hayır (No)
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The following has been decided in the Board of Directors' Meeting of our Bank, dated 27.08.2018: "It is understood from its current financial statements that TSKB Gayrimenkul Yatırım Ortaklığı Anonim Şirketi ("TSKB GYO"), over which our Bank is a controlling shareholder, is unable to perform its obligations with its current operating profits, that the fulfillment of the loan obligations of TSKB GYO through a capital increase will have a positive effect on TSKB GYO's operations and development, that this capital increase will redeem TSKB GYO of a significant portion of its debts and that the capital increase will allow for the company to focus on its regular operations. Therefore, due to the significant benefits of a capital increase to TSKB GYO, a capital increase of %100, over the nominal value of the shares has been decided. It is undertaken to TSKB GYO; that the capital increase by TSKB GYO will be funded through the right to acquire new shares arising out of our Bank's current shares and that following the approval of the Capital Markets Board and the exercise of the right to acquire new shares by the shareholders, any remaining shares will be purchased by our Bank at the Primary Market at the Istanbul Stock Exchange at no less than the nominal value of the shares." |
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.