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Additional Explanations
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The general assembly meeting was held on 28 August 2020 in respect of the merger of Anadolu Cam Sanayii A.Ş., Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş. and Trakya Cam Sanayii A.Ş. under Türkiye Şişe ve Cam Fabrikaları A.Ş. ("Şişecam") through their acquisition ("Merger"), and the Merger was approved. With the approval of the Merger, the relevant parties may exercise/enjoy their retirement right as of 3 September 2020 until 23 September 2020. Upon the expiration of term of the retirement right, the amount of the capital increase to be made in the share capital of Şişecam will be determined. Upon determination of the capital increase amount, Article 7 of Şişecam's Articles of Association which is entitled "Capital" and which incorporates the final capital amount, will be submitted to the approval of the Board of Directors of Şişecam. Registration applications regarding the Merger, the capital increase to be carried out in the share capital of Şişecam and other amendments to the Articles of Association are planned to be made to the Istanbul Trade Registry Office on 24 September 2020. With respect to the aforementioned applications, it is envisaged that the Merger, Şişecam capital increase and other amendments to the Articles of Association are to be registered as of 30 September 2020.
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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.