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It has been decided to increase the capital of our wholly owned subsidiary Körfez Ulaştırma A.Ş. from TL 10,000,000 to TL 250,000,000 by TL 240,000,000 to be paid in cash in regards to the participation rate of our company, in order to meet the financing needs of Körfez Ulaştırma A.Ş.; of which majority is required for the purchase of the wagons from our company with a total amount of € 28.3 million. ¼ of the payment will be made on March 18, 2019 and the remaining balance will be paid within 24 months from the registration date of the capital increase. This statement has been translated intro Engish for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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.