Participation in Capital Increase of our Subsidiary – DHI
16.11.2018
The capital of DHI Investment B.V., our direct subsidiary, whereby our company has 100% shares in the issued capital of 65,000,000 Euro, has been increased to 157,428,420 Euro as a result of the conversion to capital of our Company’s receivables from DHI Investment B.V. totaling 484,000,156 Turkish Liras following the transfer of the debts and receivables within the scope of the “Share Sales Agreement” signed between our Company and Demirören Medya Yatırımları Ticaret A.Ş. on April 6, 2018, after the completion of share sales and transfer procedures (“closing procedures” together) announced to the public on May 16, 2018.
There is no cash outflow from our Company following such capital increase.
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