Summary Info
Notification regarding merger process
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Related Companies
ANACM, DENCM, TRKCM, SODA
Board Decision Date
27.04.2020
Merger Model
Merger Through Acquisition
Date Of Financial Statements Base To Merger
31.12.2019
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
ANADOLU CAM SANAYİİ A.Ş.
Trading On The Stock Exchange
0,88239
DENİZLİ CAM SANAYİİ VE TİCARET A.Ş.
Trading On The Stock Exchange
0,33089
TRAKYA CAM SANAYİİ A.Ş.
Trading On The Stock Exchange
0,67615
SODA SANAYİİ A.Ş.
Trading On The Stock Exchange
1,15997
PAŞABAHÇE CAM SANAYİİ VE TİCARET A.Ş.
Not Trading On The Stock Exchange
0,53423

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
SISE, TRASISEW91Q3
2.250.000.000
814.228.446,43
3.064.228.446,43
SISE, TRASISEW91Q3
Paid In Capital
Amount Of Capital To Be Increased Due To The Acquisition (TL)
Capital To Be Decreased (TL)
Target Capital
TOTAL
2.250.000.000 TL
814.228.446,43 TL
0 TL
3.064.228.446,43 TL
Capital Market Board Application Date Regarding Merger
27.04.2020
Capital Market Board Application Result Regarding Merger
APPROVAL
Capital Market Board Approval Date Regarding Merger
23.07.2020
Date of Related General Assembly
28.08.2020
Was The Issue Of Merger Negotiated? Was It Accepted?
Accepted
Additional Explanations

The general assembly meeting was held on 28 August 2020 in respect of the merger of 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 Türkiye Şişe ve Cam Fabrikaları A.Ş. ("Şişecam") through their acquisition ("Merger"), and the Merger was approved.

With the approval of the Merger, the relevant parties may exercise/enjoy their retirement right as of 3 September 2020 until 23 September 2020. Upon the expiration of term of the retirement right, the amount of the capital increase to be made in the share capital of Şişecam will be determined. Upon determination of the capital increase amount, Article 7 of Şişecam's Articles of Association which is entitled "Capital" and which incorporates the final capital amount, will be submitted to the approval of the Board of Directors of Şişecam.

Registration applications regarding the Merger, the capital increase to be carried out in the share capital of Şişecam and other amendments to the Articles of Association are planned to be made to the Istanbul Trade Registry Office on 24 September 2020. With respect to the aforementioned applications, it is envisaged that the Merger, Şişecam capital increase and other amendments to the Articles of Association are to be registered as of 30 September 2020.

Kindly be informed.