The proposed acquisition by merger of our subsidiary IHY İzmir Havayolları Anonim Şirketi (IzAir) by our Company Pegasus Hava Taşımacılığı A.Ş. (Pegasus), in accordance with the simplified merger method, approved by the General Directorate of Civil Aviation and the Capital Markets Board, the merger agreement between the two entities and the conclusion of merger transactions by way of registration of the merger with the relevant Trade Registries had been approved by the Boards of Directors of the two entities on 13.12.2018.
The merger is registered with the Istanbul and Izmir Trade Registries on 17.12.2018. On the same date, the Company's issued capital has also been registered as TL 102.299.707, following an increase of TL 27.707 from previous TL 102.272.000.
Allocation of Pegasus shares for IzAir shareholders commenced as of 14.12.2018. The details for the exercise of exit rights by IzAir shareholders will be separately announced on the Public Disclosure Platform (KAP).
This Material Event Disclosure is prepared in Turkish and English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.