SASA Polyester Sanayi A.Ş. (SASA) has provided information regarding the completion of the cash and allocated capital increase and the amendment to the articles of association.
In the disclosure made to the Public Disclosure Platform (PDP), the following statement was made:
”As part of the increase in our company’s issued capital from 5,321,653,794.10 TL to 5,410,014,118.10 TL, 88,360,324 TL nominal value shares issued, with a total sales revenue of 4,365,000,000 TL at a price of 49.40 TL per share for 1 TL nominal value share, were sold to the controlling shareholder Erdemoğlu Holding A.Ş. through private placement transactions on the Borsa Istanbul stock exchange on May 24, 2024, within the scope of wholesale buying and selling transactions, and the capital increase transactions have been completed.
A total of 4,365,000,000 TL of funds have been provided from the capital increase, and this amount will be offset against the debts provided to our company by Erdemoğlu Holding A.Ş.
As the private placement capital increase transactions have been completed in accordance with the capital market legislation, it has been decided at the board of directors’ meeting dated May 24, 2024, to amend Article 8 of the articles of association titled “Capital” and to obtain the necessary approvals for the amendment to the articles of association and to carry out other transactions.”
Hibya News Agency
Source: investing.com
