Vanet Gıda seeks approvals for 270% bonus capital increase
The board set out a 270% increase using equity reserves and retained earnings, but regulatory permissions are still required.
Key takeaways
- The board decided to raise issued capital from TL25 million to TL92500000 through a 270% bonus increase.
- The company says it will apply for the required permissions before distributing the shares.
Vanet Gıda’s board has decided to increase the company’s issued capital from TL25 million to TL92500000 by issuing TL67500000 in bonus shares, a 270% increase. The company said it will apply for the necessary permissions.
The increase would be funded with TL47100000 from positive equity inflation adjustment differences and TL20400000 from retained earnings. The new shares would be distributed to shareholders in proportion to their existing holdings, with A-group holders receiving A-group shares and B-group holders receiving B-group shares.
A bonus issue gives shareholders additional shares rather than a cash dividend, and does not bring new cash into the company. The board’s decision is not evidence that the increase has been completed: the company said applications would be made to the Capital Markets Board and other relevant institutions.
This article was produced with the help of AI technology. Source: Yahoo Finance
