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Rights Issue (Allocated)
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Additional Explanations
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Reference: a) VakıfBank Public Disclosure Dated on May 11th, 2020 b) VakıfBank Public Disclosure Dated on May 15th, 2020 It was announced in our disclosure mentioned in a), that our Bank will increase its paid-in capital of TL 2,500,000,000, 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 TL 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. Accordingly, the sale price of one share with a nominal value of TL 1 to be issued within the scope of this capital increase has been set as 4,98 and the paid-in capital will increase from TL 2,500,000,000 to TL 3,905,622,489.960 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. According to CMB legislation, in case of a 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.