Hektaş Plans 2,380,000,000 Lira Share Placement to OYAK
The proposed capital increase would issue 702,064,896.755 shares at 3.39 lira each, with the sale scheduled for October 14.
Key takeaways
- Hektaş plans to place 702,064,896.755 nominal shares with OYAK for 2,380,000,000 lira.
- The sale is expected on October 14, after an application to Borsa İstanbul.
Hektaş Ticaret Türk plans to issue 702,064,896.755 nominal shares to OYAK General Directorate for 2,380,000,000 lira, according to a KAP filing by OYAK Yatırım. The planned price is 3.39 lira per 1 lira nominal share.
The placement would raise Hektaş’s capital from 8,430,000,000 lira to 9,132,064,896.755 lira. Existing shareholders’ rights to buy the new shares are restricted, so the issue is allocated to OYAK rather than offered to current holders. The filing says it is against a cash-paid capital advance.
The sale is expected to take place on October 14, and OYAK Yatırım said it applied to Borsa İstanbul on October 12 to conduct the transaction under the exchange’s wholesale trading procedure. The shares will be subject to a one-year sale restriction, which also applies to buyers if the shares are transferred off the exchange.
This article was produced with the help of AI technology. Source: Yahoo Finance
