Participation in Capital Increase of our Subsidiary (Trend Motosiklet)
30.11.2016
Our Board of Directors has resolved on November 30, 2016 (today);
- to fully exercise our right of acquiring new shares,
- to exercise the right of acquiring new shares not exercised during the capital increase, pursuant to the provisions of the Shareholders Agreement signed in relation with Trend Motosiklet Pazarlama A.Ş., and to commit for the balance capital amount, and
- to set our participation amount in the cash capital increase as 7,950,000 Turkish Liras within this context,
in the capital increase of Trend Motosiklet Pazarlama A.Ş. whereby our company has 75% shares in the entirely issued capital of 50,000 Turkish Liras, to 8,000,000 TL through the full cash payment (the capital increase has been approved at the extraordinary general assembly meeting of Trend Motosiklet Pazarlama A.Ş. which was held on November 30, 2016).
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