Following our material disclosure dated 06.11.2019, our Company’s Board of Directors unanimously decided to increase the capital of Çan Kömür ve İnşaat A.Ş. (“Çan”), from 102,000,000 TRY to 252,410,000 TRY in paid capital by an increase of 150,410,000 TRY to be covered from its current internal resources;
- together with the aforementioned capital increase, to further strengthen the capital of our affiliate, Çan Kömür ve İnşaat A.Ş. by publicly offering its shares provided that the market conditions are in an appropriate conjuncture, and taking into account the financial reports dated 30.06.2020;
- to ensure, within this framework, that Çan becomes a profit-oriented business by enabling lower indebtedness through dollar-indexed fixed electricity sales income
- and to also aim at making sure that Odaş Elektrik becomes the parent company which will create a vision with the diversified income elements resulting from Çan’s planned public offering.
Kindly announced to the public.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
