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399.1% free capital increase from Ayes Çelik

Ayes Çelik will increase its existing capital by 399.1% free of charge, using its own resources.

399.1% free capital increase from Ayes Çelik

Ayes Çelik Hasır, which produces steel mesh, panel fence and cold-drawn steel bars, plans to increase its capital to 150 million TL with the free capital increase it will carry out. In the statement made by the company to the Public Disclosure Platform (KAP), it was stated that it was decided to increase the issued capital of 30,056,400 TL by 399.06176% to 150,000,000 TL and the following statements were included:

"In the Board of Directors Meeting of our Company dated 14.06.2024,

1- Within the registered capital ceiling of 150,000,000 TL, the issued capital of 30,056,400 (Thirty million fifty-six thousand four hundred) TL of our Company was increased to 150,000,000 (One hundred fifty million) TL,

The entire amount of 119,943,600 (One hundred nineteen million nine hundred forty-three thousand six hundred) TL to be made from internal resources, according to the financial tables prepared in accordance with the Tax Procedure Law (VUK) records The Extraordinary reserves in the Equity shall be covered by the positive differences of the inflation adjustment; and the increase shall be covered by the Retained Earnings according to the financial statements prepared in accordance with TFRS,

The shares to be issued due to the capital increase shall be distributed to the existing shareholders according to their participation rates in the Company's capital free of charge, within the framework of the Capital Markets Legislation's regulations regarding the registered system, after the legal processes are completed in accordance with the procedures,

In return for the capital increase, 119,943,600 (One hundred nineteen million nine hundred forty-three thousand six hundred) registered shares, each with a nominal value of 1 (One) TL, shall be issued, and distributed to the shareholders within the framework of the Capital Markets Legislation's regulations regarding the registered system, after the legal processes are completed in accordance with the procedures,

The 6th article of our Company's Articles of Association titled "Registered and Issued Capital" shall be amended in accordance with the provisions of the Turkish Commercial Code and the Capital Markets Legislation, as in ANNEX-1,

Free capital from internal resources "It was unanimously decided that the necessary applications and procedures be made with the relevant institutions, primarily the Capital Markets Board, Borsa İstanbul A.Ş. and the Central Registry Agency A.Ş., for the realization of the increase and the approval of the issuance document regarding the shares to be issued in the capital increase and the amendment draft of Article 6 of the articles of association titled "Registered and Issued Capital".

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