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Rights Issue (Allocated)
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Other Aspects To Be Notified
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Additional Explanations
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As announced by our company on October 31, 2024, on the Public Disclosure Platform ("KAP"), our Board of Directors has decided to carry out a reserved capital increase to settle the debts in our Shareholders' Loan Account and reduce our debt obligations. In this context, 44,500,000 TL nominal value shares will be offered for sale within the margns to be applied based on the base price to be determined according to the principles stated in Article 7.1 of Borsa İstanbul A.Ş.'s Wholesale Trading Procedures. The aim is to reduce our debt obligations in the Shareholders' Loan Account on the balance sheet and clarify our financial statements. Therefore, the Capital Markets Board was applied to on November 21, 2024 (today).
As disclosed on KAP on April 26, 2022, October 10, 2022, November 24, 2022, December 6, 2023, and June 26, 2024, our shareholders Sami Aslanhan and Ömer Ünsalan have conducted KONTR share sales. The proceeds from the share sales, totaling 2,410,000,000 TL and 98,348,000 USD (calculated with the relevant period exchange rates), have been transferred to the Company without interest for the purpose of strengthening our working capital and financing ongoing investments. When including the interest amount of 752,000,000 TL calculated with our average borrowing costs for the relevant period, the total financing cost of our company will amount to 3,162,000,000 TL at the current exchange rate. However, as a result of Sami Aslanhan and Ömer Ünsalan waiving the interest on the financing, the interest and exchange rate risks that our company would have incurred have been eliminated. An update will be issued on KAP once the base price for the reserved capital increase and the total balance to be offset by the capital increase are finalized based on the outstanding debt balances in our Shareholders' Loan Account.
We present this to the public's information.
Turkish and English translations of this statement are available, and in case of any conflict between the Turkish and English versions of this statement, the Turkish version will prevail.
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