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Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş., the listed subsidiary of VakıfBank, has announced its decision on Public Disclosure Platform on 16.03.2023 regarding the increased of its registered capital ceiling of TL 1,750,000,000, to TL 5,000,000,000 and its paid-in capital of TL 1,145,000,000 to TL 2,950,000,000 by increasing TL 572,500,000 (50%) with rights issue and TL 1,232,500,000 with bonus issue.
Accordingly, VakıfBank's Board of Directors took the following decisions on the meeting dated March 16, 2023 and authorized the Head Office within this scope;
To fully exercise the rights of first refusal and pay for the shares pro rata to Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş. ownership structure,
In case when existing shareholders do not prefer to exercise their rights of first refusal, VakıfBank will be buying those shares in cash and complete with the price set in BIST Primary Market with a nominal value not lower than TL 1,00,
To commit and declare to the subsidiary that VakıfBank will buy those shares within 3 business days following the end of sale process with the price that is not being below the average value of public offer and its nominal value.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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