Birko shareholders approve 190,000,000 lira capital increase
The meeting decision was registered on October 12, but the filing does not say the planned share issue has been completed.
Key takeaways
- Birko shareholders approved a 190,000,000 lira capital increase, taking planned capital to 330,000,000 lira.
- The new shares are intended for Okalin Yatırım Holding through a private placement, with existing shareholders’ pre-emption rights restricted.
Birko shareholders approved a 190,000,000 lira capital increase, from 140,000,000 to 330,000,000 lira, at the company’s October 5 meeting. KAP reported that the meeting decisions were registered on October 12.
Under the proposal, the new shares would be allocated to Okalin Yatırım Holding through a private placement, with existing shareholders’ rights to buy the new shares restricted. If completed, the issue would add shares allocated to the named investor rather than distribute cash to shareholders.
The filing reports approval and registration of the meeting decisions, but does not say the share issue has been completed or give an issuance date.
This article was produced with the help of AI technology. Source: Yahoo Finance
