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As it is known, our Company Migros Ticaret A.Ş. operates its Sanal Market online business operations through a store based model under its own entity and continues to grow in the grocery online business sector. On the other hand, it has been decided to change the name of Sanal Merkez Ticaret A.Ş., dormant subsidiary of our Company, to Moneypay Ödeme ve Elektronik Para Hizmetleri A.Ş. (Moneypay). Thus, it is aimed to use financial technologies more effectively in our food retail operations and to evaluate business opportunities related to payment and electronic money services. Within this scope, the paid-in capital of Moneypay has been decided to be increased to TL 10,000,000 through both bonus issues and rights issues. Our Company will participate in the capital increase of Moneypay with the amount of TL 6,400,000. (In case of a discrepancy between the Turkish and the English versions of this 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.