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[TKNSA]
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English
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In the public disclosure dated 22.02.2021, our Group Company Teknosa İç ve Dış Ticaret A.Ş. (Teknosa) have announced, apart from other things, that their Board of Directors adopted a resolution to increase the current issued share capital of Teknosa from TRY 110,000,000 to TRY 201,000,000 in cash by issuing shares with TRY 91,000,000 nominal value, without restricting pre-emptive rights of current shareholders for the capital increase by allowing the use of pre-emptive rights for a consideration of TRY 3 for each batch of 100 shares with TRY 1 nominal value in total.
Our Board of Directors, having discussed the use of our Company's pre-emptive rights for the contemplated capital increase of Teknosa, have resolved the followings in today's meeting:
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To use all of our pre-emptive rights for planned capital increase of Teknosa;
- If there are unsubscribed shares following the exercise of pre-emptive rights, and subsequently if there remains unsold shares after offerings to be taken place in Borsa İstanbul Primary Market, to purchase those shares within three business days following the end of the sales period, by paying in full and in cash of their price not being less than the average of prices to be formed at Borsa İstanbul Primary Market;
All of the pre-emptive rights attached to shares being held by our Company that represent 50.01% of Teknosa share capital will be used, in full an in cash, by our Company for the contemplated capital increase of Teknosa. Additionally, any shares that remain unsold after the use of pre-emptive rights and subsequent offerings to be taken place in Borsa İstanbul Primary Market will be purchased by our Company.
It is projected that a minimum of TRY 136.5 million cash will be injected to Teknosa by our Company, and that our Company's share within the issued share capital of Teknosa will remain as 50.01% after the completion of capital increase.
In contradiction between the Turkish and English versions of this public disclosure, Turkish version shall prevail.
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