|
||||||||||||||
|
||||||||||||||
Rights Issue (Allocated)
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
Additional Explanations
|
||||||||||||||
Reference: a) Public disclosure on 05/11/2020. b) Public disclosure on 05/15/2020. It was announced in our disclosure mentioned in a), that our Bank will increase its paid-in capital of TRY 1,250,000,000, under its authorized capital ceiling in a nominal capital amount to be calculated based on the share sale price to be determined in accordance with the Wholesale Transactions Procedure of Borsa Istanbul A.S. where the sales proceeds shall amount to TRY 7,000,000,000 and the capital increase will be conducted as a private placement in cash by restricting the preemptive rights of existing shareholders in full. It was announced in our disclosure mentioned in b), that an application was filed with the Borsa Istanbul A.S., through Halk Yatırım Menkul Değerler A.Ş., based on the Bank's requests to calculate the base price and the +/-20% price range to be applied to the base price pursuant to the Borsa Istanbul A.S.'s Wholesale Transactions Procedure for the purposes of determining the final sale price and to conduct the wholesale transaction on 05.20.2020. Accordingly, the sale price of one shares with a nominal value of TRY 1.00 to be issued within the scope of this capital increase has been set as TRY 5.72 and the paid-in capital will increase from TRY 1,250,000,000 to TRY 2,473,776,223.776 following the consummation of the capital increase. In this regard, an application has been submitted to the Capital Markets Board for the approval of the issuance certificate. In case of any contradiction between the Turkish and English versions of this public disclosure, 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.