Migros Board of Directors
resolved;
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to extend the validity period of our Company's current registered capital ceiling of TL 500,000,000, which is applicable for the years 2022–2026, and to determine the registered capital ceiling at TL 2,000,000,000 to cover the years 2026–2030 (five years),
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taking into consideration that the Company's shares traded on Borsa Istanbul have a nominal value of TL 1 per share, to change the nominal value of the Company's shares in the Articles of Association, which currently have a nominal value of TL 0.01 each, to a nominal value of TL 1 each, and accordingly to convert the Company's entire share capital, which currently consists of 18,105,423,300 shares with a nominal value of TL 0.01 each, into 181,054,233 shares with a nominal value of TL 1 each,
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to approve the attached amendment text regarding the Article 7 titled "Share Capital" as well as the Article 3 titled "Purpose and Scope" of our Article of Association in line with the relevant legislation,
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to apply Capital Markets Board ("CMB") and Ministry of Commerce ("Ministry") for obtaining permissions related to the amendment text,
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to submit the amendment text to the approval of our shareholders at the first General Assembly meeting of our Company, following the required permissions to be obtained from CMB and Ministry.
Within this framework, our Company has submitted to the Capital Markets Board for approval to the amendment of our Articles of Association
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(In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)
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