Participation in Capital Increase of our Subsidiary – Kelkit Besi


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 25,000,000 Turkish Liras in the capital increase of Kelkit Doğan Besi İşletmeleri A.Ş., our direct subsidiary, whereby our company has 100% shares in the entirely issued capital of 32,500,000 Turkish Lira to 57,500,000 Turkish Lira through the full cash payment (the capital increase has been approved at the extraordinary general assembly meeting of Kelkit Doğan Besi İşletmeleri A.Ş.  which was held on September 28, 2018).

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