As it is disclosed in our public disclosure dated 10.02.2022, our investors are informed about in order to eliminate the impact of the uncertainty on the price of our Company's shares, the uncertainty regarding how our Company will evaluate 18,638,563 shares with a nominal value of TL 18,638,563, which corresponds to 3.05% of our company's issued capital and was repurchased within the scope of price stability transactions at the public offering stage, it has been decided to reduce the issued capital of our Company, which is TL 611,928,571, to TL 593,290,008 by being redeemed in accordance with the capital reduction procedures that do not require a fund outflow pursuant to the 9th paragraph of the 19th article of the Capital Markets Board ("CMB") Communique on Repurchased Shares No. II-22.1 In addition, it has been resolved to amend the Article 6 of our Company's Articles of Association, titled "Capital", and the application to the Capital Markets Board to obtain the necessary permits in this context to be done.
As a result of the application, it was announced in the bulletin of the Capital Markets Board dated 17.03.2022 and numbered 2022/13 that our application was approved by the Board. The above-mentioned amendment of the articles of association will be submitted to the approval of the shareholders at the first General Assembly to be held, following the permission of the Ministry of Trade.