Vanet Gida sets out 270% bonus capital increase, pending approvals
The board plans to raise capital to TL92500000 using internal resources, with regulatory applications still to come.
Key takeaways
- The board decided to increase issued capital from TL25 million to TL92500000.
- The planned TL67500000 increase requires regulatory approvals before shares can be distributed.
Vanet Gida’s board has decided to raise the company’s issued capital from TL25 million to TL92500000 through a 270% bonus issue, according to a KAP filing. The plan requires regulatory approvals, which the company said it will seek.
The proposed TL67500000 increase would use TL47100000 from positive capital adjustment differences and TL20400000 from retained earnings. 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 distributes additional shares rather than bringing new cash into the company. The filing does not say that approvals have been granted or give a distribution date.
This article was produced with the help of AI technology. Source: Yahoo Finance
