Participation in Capital Increase of our Subsidiary – İlke Turistik


During our Board Meeting dated 03.10.2018 (today);


It has been resolved to fully exercise our right of acquiring new shares, and to set our participation amount in the cash capital increase as 482,000,000 Turkish Liras in the capital increase of İlke Turistik Yatırımları A.Ş., our direct subsidiary, whereby our company has 100% shares in the entirely issued capital of 168,000,000 Turkish Lira to 650,000,000 Turkish Lira through the full cash payment (the capital increase has been approved at the extraordinary general assembly meeting of İlke Turistik Yatırımları A.Ş. which was held on September 28, 2018). Capital increase has been used by our indirect subsidiary Orta Anadolu Otomotiv, in the financing of the non-current asset purchase that resolved in the BoD meeting dated September 26, 2018 and numbered 2018/09.

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