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Türkçe

Participation in Kordsa’s Capital Increase

 

In the Board of Directors' resolution of the subsidiary Kordsa Teknik Teksil A.Ş. ("Kordsa") dated 12.09.2025, it was resolved to increase Kordsa's issued capital of 194,529,076  TL by 289.776.399 TL in cash to 484.305.475 TL, and to grant existing shareholders their pre-emptive rights without restriction, at a price of 10  TL for 100 shares with a nominal value of 1 TL each, in order to strengthen the company's equity structure.

In today's meeting, the Board of Directors evaluated the matter of exercising the pre-emptive rights in Kordsa's planned capital increase and resolved that:

- Sabancı Holding shall exercise all its pre-emptive rights in Kordsa's planned rights issue fully and in cash,

- An advance payment of up to 2.060.570.002,92 TL shall be made to Kordsa in line with the cash planning of Kordsa, to be offset against the subscription price of the new shares corresponding to Sabancı Holding's shares,

- In the event that, following the exercise of pre-emptive rights and the subsequent offering of any remaining shares on Borsa İstanbul's Primary Market, there remain unsold shares, such shares shall be purchased by Sabancı Holding within three business days from the end of the sales period, at a price not lower than the average of the pre-emptive rights exercise price and the daily weighted average prices formed on the Borsa İstanbul Primary Market, with full and cash payment.

In the planned capital increase of Kordsa, all pre-emptive rights attached to the shares representing 71.11% of Kordsa's capital held by Sabancı Holding shall be exercised in full, with the subscription price to be paid entirely in cash. Furthermore, any unsubscribed shares, which cannot be sold afterwards on Borsa İstanbul's Primary Market, will also be purchased by Sabancı Holding.

Upon completion of the capital increase, it is anticipated that Sabancı Holding's shareholding in Kordsa's capital will be preserved at the level of 71.11%.

Participation in Kordsa’s Capital Increase

SirA Sira