Completion of Capital Increase and Share Issuance Due to Merger
In line with the resolution of the Board of Directors of Sabancı Holding dated May 24, 2023, the merger transaction where all of the assets and liabilities of Exsa Export Sanayi Mamulleri Satış ve Araştırma A.Ş. (Exsa), a subsidiary of Sabancı Holding, be acquired as a whole by Sabancı Holding, has been completed and a capital increase of TRY 59,972,038.18 nominal value has been made by Sabancı Holding.
In this respect, the issuance certificate approved by the Capital Markets Board of Turkiye regarding the shares to be issued by Sabancı Holding due to the capital increase and to be allocated to the other shareholders of Exsa except for Sabancı Holding was received on February 2, 2024, and the merger transactions will be completed with the execution of the share settlement transactions on February 5, 2024.