Share Issue/Capital Change • Mar 19, 2020
Share Issue/Capital Change
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| Summary Info | Amendment to the Articles of Association |
| Update Notification Flag | Yes |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Board Decision Date | 12.03.2020 |
| Related Authorized Capital Process | Update Of Authorized Capital Validity Period |
| Current Authorized Capital (TL) | 1.000.000.000 |
| New Authorized Capital (TL) | 1.000.000.000 |
| Due Date For The Authorized Capital (New) | 31.12.2024 |
| Number Of Articles Of Association Item To Be Amended | 6 |
| Capital Market Board Application Result | APPROVAL |
| Capital Market Board Approval Date | 16.03.2020 |
Additional Explanations
Pursuant to our material event disclosure dated 12.03.2020, Capital Markets Board has approved Vestel Elektronik's application to obtain the required permission to amend the sixth article of its Articles of Association titled "Company's Share Capital and Kind of Share Certificates" for extending the validity period of its registered capital ceiling for 5 years, involving the 2020-2024 period.
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