CMB Approval of Yapı Kredi’s Rights Issue - Start of the Pre-emption Period
CMB Approval of Yapı Kredi’s Rights Issue - Start of the Pre-emption Period
Yapı ve Kredi Bankası A.Ş. (the “Bank”) announces that on 31 May 2018, the Capital Markets Board (CMB) has approved the Bank’s application with regards to the increase in the Bank’s issued capital by 4,100,000,000 TL to 8,447,051,284 TL from 4,347,051,284 TL.
All the Bank’s shareholders will be able to exercise their pre-emptive rights for 15 days during the rights subscription period between 06 June - 20 June 2018.
Rights to purchase additional new shares will be made at TL 0.01 for each share with a nominal value of TL 0.01 (TL 1.00 for each lot of share having a total nominal value of TL 1.00). Shareholders will be able to participate in the capital increase in the proportion of their participation held in the Bank. Bank’s majority shareholder, Koç Financial Services, will fully utilize its right corresponding to its share of 81.8% in the Bank’s capital.
Following the end of subscription period, the remaining shares will be sold in the primary market for two working days, with a price set at the primary market which cannot be below the nominal value.
Official completion of the capital increase process is expected by end of June subject to obtainment of all regulatory approvals.
Istanbul, 4 June 2018
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 6770
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 04 Jun 2018