Information Regarding the Capital Increase of Sabancı İklim Teknolojileri A.Ş.
It was publicly announced on May 14, 2025, that our Company's Board of Directors resolved to make a capital contribution of up to the Turkish Lira equivalent of 154.4 million US Dollars to its wholly owned subsidiary, Sabancı İklim Teknolojileri A.Ş., by the end of 2027, primarily for the financing of investment projects, including new capacity investments in the field of renewable energy, in line with its international growth plans.
As part of the aforementioned resolution, a portion of the capital contribution has been executed, and the share capital of Sabancı İklim Teknolojileri A.Ş. has been increased from TRY 5,000,000,000, corresponding to USD 70 million, to TRY 7,758,000,000. Of the TRY 2,758,000,000 capital committed by our Company, TRY 563,417,017.84 has been paid as a capital advance, and TRY 548,645,745.54, corresponding to one-fourth of the remaining amount, has been paid in cash prior to the registration of the capital increase. The remaining balance will be paid within 24 (twenty-four) months.
The capital increase was registered on 20.06.2025 and announced in the Turkish Trade Registry Gazette numbered 11355.
Upon completion of the remaining balance payment, a total capital contribution of USD 310.962.533 will have been made by our Company to Sabancı İklim Teknolojileri A.Ş based on the exchange rates on the date of payment.
Further developments regarding the matter will be disclosed to the public