Participation in Capital Increase of our Subsidiary – Suzuki
01.02.2016
Our Board of Directors has resolved on February 01, 2016 (today) to authorize and appoint our Company management to fully exercise our right of acquiring new shares totaling 32,000,000 TL which corresponds to our share of participation, in the capital increase of Suzuki Motorlu Araçlar Pazarlama A.Ş. whereby our company has 100% shares in the entirely issued capital of 35,000,000 Turkish Liras, to 67,000,000 TL via rights issue (the capital increase has been approved at the extraordinary general assembly meeting of Suzuki Motorlu Araçlar Pazarlama A.Ş. which was held on February 01, 2016 (today)); and to notify the relevant entitles for the execution of the necessary procedures. TL 8,000,000, ¼ of our right of acquiring new shares amounted TL 32,000,000, has paid immediately and the remaining part of the payment is foreseen to be paid in the first half of 2016.
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