Etiler Gıda (ETILR) has decided to increase its capital by 200% through a bonus issue, raising it to 120 million TL.
In a statement to the Public Disclosure Platform (KAP), the company said:
“The Company’s Board of Directors convened to discuss the agenda item. Following the discussions, in accordance with the provisions of Law No. 6362 on Capital Markets and Article 6 of the Company’s articles of association;
a) It has been decided to increase the issued capital of our Company from 40,000,000 TL to 120,000,000 TL by exceeding the registered capital ceiling of 100,000,000 TL once, through a 200% increase from internal sources,
b) The entire increased capital of 80,000,000 TL will be covered by the Positive Differences in Capital Correction determined by the sworn financial advisor report of ‘DRT Sworn Financial Advisory and Independent Audit Inc.’ dated 24.05.2024 and numbered YMM-35105948/391-32, in accordance with Article 213 of the Tax Procedure Law,
c) Due to the 200% increase in the company’s capital, the newly issued 80,000,000 TL worth of capital will be distributed to all shareholders in proportion to their shares,
d) In the capital increase, 5,019,279.70 TL nominal value Class A shares will be given in exchange for Class A shares, and 74,980,720.30 TL nominal value Class B shares will be given in exchange for Class B shares,
e) It has been unanimously decided by the participants to make the necessary applications to the relevant authorities, including the Capital Markets Board, Borsa Istanbul Inc., and the Central Securities Depository Inc., and to prepare all necessary documents for this purpose.”
Source: investing.com
