Summary Info
Board resolution regarding the completion of the Migros – Kipa merger and the registration of merger transaction
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Related Companies
KIPA
Board Decision Date
18.04.2018
Merger Model
Merger Through Acquisition
Date Of Financial Statements Base To Merger
31.12.2017
Currency Unit
TRY
Acquired Company
Trading On The Stock Exchange/Not Trading On The Stock Exchange
Share Exchange Rate
Group of Share To Be Distributed To Acquired Company Shareholders
Form of Share To Be Distributed To Acquired Company Shareholders
KİPA TİCARET A.Ş.
Trading On The Stock Exchange
0,06045385
Registered

Share Group Info
Paid In Capital
Amount Of Capital To Be Increased Due To The Acquisition (TL)
Capital To Be Decreased (TL)
Target Capital
New Shares To Be Given Due To Merger
MGROS, TREMGTI00012
178.030.000
3.024.233
181.054.233
MGROS, TREMGTI00012
Paid In Capital
Amount Of Capital To Be Increased Due To The Acquisition (TL)
Capital To Be Decreased (TL)
Target Capital
TOTAL
178.030.000 TL
3.024.233 TL
0 TL
181.054.233 TL
Capital Market Board Application Date Regarding Merger
25.04.2018
Capital Market Board Application Result Regarding Merger
APPROVAL
Capital Market Board Approval Date Regarding Merger
19.07.2018
Capital Market Board Application Date
26.07.2018
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
31.07.2018
Additional Explanations

Within the scope of the announcement on merger transaction made by our Company – Migros Ticaret A.Ş. (the " Company " or " Migros ") on 18.04.2018 and approval of Capital Markets Board of Turkey dated 19.07.2018 and numbered 32/841, the completion of merger by way of simplified merger process of Kipa Ticaret A.Ş. (" Kipa ") under Migros, approval of merger agreement and merger report, application to relevant Trade Registries regarding registration of merger transaction upon completion of necessary transactions have been resolved by board of directors of Migros on 27.08.2018.

Depending upon the registration date of the merger, the separation funds usage details for Kipa shareholders will be announced on a separate public disclosure when the separation funds usage dates are precised .


( In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)