HEKTAŞ Gets Approval for Planned 2,380,000,000 Lira Share Issue
The approved private placement would allocate new shares to OYAK and lift HEKTAŞ's capital if the transaction is completed.
Key takeaways
- SPK approved HEKTAŞ's issuance document on September 30, 2026.
- The plan allocates 702,064,896.755 lira of nominal shares to OYAK.
- Planned total sale proceeds are 2,380,000,000 lira.
HEKTAŞ received Capital Markets Board (SPK) approval for an issuance document covering a planned 702,064,896.755-lira capital increase, according to the company’s disclosure to KAP. The new shares are to be allocated to OYAK without granting existing shareholders pre-emptive rights.
The plan would raise HEKTAŞ’s capital from 8,430,000,000 lira to 9,132,064,896.755 lira. The company lists planned total sale proceeds of 2,380,000,000 lira; the increase and proceeds are not reported as completed.
The company’s shares would be issued to OYAK, bringing funds to HEKTAŞ rather than paying a dividend to shareholders. SPK approved the issuance document on September 30, 2026; the disclosure does not state when the sale or share issuance will take place.
This article was produced with the help of AI technology. Source: Yahoo Finance
