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Our Board of Directors has decided to establish the Second Private Equity Investment Fund in support of Logo's innovation strategy. With the contemplated fund, Logo aims to create long-term value by investing in local and foreign start-up technology companies with high growth potential, in line with its corporate strategy of B2B servitization (SaaS), verticalization and internationalization. The investments will be in the form of debt, equity, or combination of both and or by similar means. For this purpose, it was decided to participate 88.63% in İstanbul Portföy Yönetimi A.Ş Second Logo Ventures Private Equity Investment Fund under the management of İstanbul Portföy Yönetimi A.Ş. and the CMB approval process has been initiated. Total resource commitment by the investors totals 12,637,500.00 USD. İstanbul Portföy Yönetimi A.Ş Second Logo Ventures Private Equity Investment Fund has the characteristics of a Corporate Venture Capital Fund, which is common in the developed capital markets, and would pave the way for the country's entrepreneurs, encourage growth in innovation and R&D investments. The target companies will be determined according to various criteria such as potential for growth and development of value-added products, readiness for an improved corporate governance profile and operational development, potential to create a strong brand value. |
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.