Related Companies
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[SISE, DENCM, SODA, TRKCM]
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Related Funds
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Hayır (No)
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Having considered the Group's long term strategy, its global competitors, and the potential synergies that could be captured by combining all of Sisecam's activities in one entity, it was decided in the Board of Directors Meeting of our Company on January 30, 2020 to engage in negotiations regarding a merger during which Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş., Trakya Cam Sanayii A.Ş. and our Company will be transferred to and merged under Türkiye Şişe ve Cam Fabrikaları A.Ş. This is pursuant to Capital Markets Law Number 6362, Capital Market Board's Communiqué Number Seri:II, N 23.1 on Common Principles Applicable to Important Category Transactions and the Right to Exit, Capital Market Board's Communiqué Number Seri:II, N 23.2 on Mergers and Spin-offs, Turkish Commercial Code number 6102, Corporate Tax Law number 5520 and other applicable legislation. The expected synergies will be achieved through an efficient, lean and agile governance that will maximize shareholder value through increased trading volume and depth of shares.
An Audio Call on this material event disclosure will be held by T. Şişe ve Cam Fabrikaları A.Ş. tomorrow, January 31st 2020, at 9:00 am Turkey time. Teleconference participation details; Event Title: Disclosure at the Istanbul Stock Exchange Audio Call Event Number: EV00100387 Dial-in Numbers Turkey: +902123755127 UK: +442071943759 PIN: 30278670# |
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.