Participation in Capital Increase of our Subsidiary – Trend Motosiklet
12.04.2019
During our Board Meeting dated 12.04.2019 (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 3,000,000 Turkish Liras in the capital increase of Trend Motosiklet Pazarlama A.Ş., our direct subsidiary, whereby our company has 100% shares in the entirely issued capital of 13,000,000 Turkish Lira to 16,000,000 Turkish Lira. Our Company has committed to exercise the right of acquiring new shares not exercised during the capital increase. (the capital increase has been approved at the extraordinary general assembly meeting of Trend Motosiklet Pazarlama A.Ş. which was held on April 12, 2019). The fund, be provided from the aforementioned capital increase, will be used to discharging of the financial debt by Trend Motosiklet Pazarlama A.Ş.
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