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English
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-Unofficial Translation- Our Company's Board of Directors has decided to lend convertible to share debt in Turkish Lira, equivalent to 1,000,000.00 USD (One Million US Dollars), for the investments to be made by Neo Auvra Dijital Sağlık ve Biyonik Teknolojileri ve Hizmetleri Sanayi ve Ticaret A.Ş. (Neo Auvra). Already GEN İlaç has 12,39% shares of Neo Auvra. Financing which will be provided by our Company will be used by Neo Auvra for new investments and research for growth. Convertible to share debt agreement (Agreement) has signed between our Company and Neo Auvra on 25/10/2023. In case of new investment to Neo Auvra by an investor until 01/01/2024, transaction for conversion of debt to share will start with new investor and our company's shares on Neo Auvra will be re-determined. If new investment is not made to Neo Auvra until 01/01/2024 conversion will be completed until 01/02/2024 and our company's shares on Neo Auvra will be re-determined accordingly. In case of conversion of this financing to the share cannot be achieved for any reason, until the debt repayment by Neo Auvra to our Compny, interest will be calculated according to the Agreement and Corporate Tax Law Numbered 5520. With this financing, the short-term financial resource needs of Neo Auvra, of which we are currently a shareholder, will be met, its growth will be supported, and it will contribute to the increase of the Neo Auvra's value. Important developments regarding to issue will be shared with public. |
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