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[MGROS]
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As stated in the public disclosure of Migros Ticaret A.Ş. (Migros) dated August 31, 2018, the simplified merger of Migros and Kipa Ticaret A.Ş. (Kipa) was registered on August 31, 2018 and the issued capital of Migros was increased by TL 3,024,044 to TL 181,054,233. This increased amount was distributed to Kipa shareholders in line with the declared exchange ratio. Thus, while we were holding 50% of Migros indirectly (through our 100% subsidiary MH Perakendecilik ve Ticaret A.Ş.) prior to the capital increase, following the capital increase, our share in Migros decreased below 50% limit as of September 5, 2018. Accordingly our current share in Migros is calculated as 49.16%. After the close of the Sep.3-Sep. 14, 2018 period covering 10 workdays during when the option to receive separation rights will be carried; i.e. Kipa shareholders will prefer whether to stay as shareholders or vice versa have their separation funds, our final share in Migros will be announced. |
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.