At the Board of Directors meeting of our Company dated 30.01.2020, it was decided to initiate the negotiations with the intention of merging Anadolu Cam Sanayii A.Ş. Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş. and Trakya Cam Sanayii A.Ş. under our Company Türkiye Şişe ve Cam Fabrikaları A.Ş. (Merger Transaction). In addition, through the Board of Directors Resolution dated 27.04.2020, it was decided to submit an application to the Capital Markets Board for the approval of the announcement text. In this context, an application was made to the Capital Markets Board on 27.04.2020.
With the Law Amending the Banking Law and Certain Other Laws numbered 7222, Articles 23 and 24 of the Capital Markets Law have been amended, and subsequently, the Communiqué on Common Principles Regarding Significant Transactions and the Retirement Right (II-23.3) has entered in to force through its publication on 27.06.2020.
In this context, due to the necessity arising from, among others, aforementioned change in the legislation, the merger documents have been amended and a Board of Directors resolution dated 14.047.2020 has been adopted on this subject and the announcement text, merger agreement, merger report, expert institution report and text of amendment to Articles of Association, which are presented in the annex, are delivered to the Capital Markets Board on 14.07.2020.