ANNOUNCEMENTS

05.12.2024
Click here for the Sinpaş GYO A.Ş. Bonus Share Capital Increase Borsa Istanbul Issue Document.
Click here for the amended version of Article 8 – 'Capital and Shares' – of the Sinpaş GYO A.Ş. Articles of Association.

09.10.2017
Notification Regarding Merger Transactions

At the Board of Directors meeting of Sinpaş Gayrimenkul Yatırım Ortaklığı A.Ş. (Sinpaş GYO) held on 08.10.2017, it was resolved:

In accordance with Articles 19 and 20 of the Corporate Tax Law No. 5520, the relevant provisions of the Turkish Commercial Code No. 6102, and the CMB's Communiqué on Mergers and Demergers (II-23.2): to spin off Sinpaş Yapı Endüstrisi ve Ticaret A.Ş. (Sinpaş Yapı) through 'Complete Demerger'; to transfer the assets and liabilities of Sinpaş Yapı (as detailed in Annex/1 below and listed at their statutory carrying values in the financial statements as of 30.06.2017) to Sinpaş GYO at their carrying values as of 30.06.2017; to increase Sinpaş GYO's capital by TRY 520,246,683 in exchange for the transferred assets and liabilities; and simultaneously to cancel Sinpaş GYO's existing treasury shares with a nominal value of TRY 3,960,000 and those shares formerly belonging to Sinpaş Yapı with a nominal value of TRY 231,402,178 that Sinpaş GYO would acquire through the transfer (total nominal value TRY 235,362,178), thereby increasing Sinpaş GYO's capital from TRY 600,000,000 to TRY 884,884,505.

With existing shareholders' pre-emptive rights restricted, the shares representing the increased capital of TRY 520,246,683 nominal value shall be issued to Sinpaş Yapı's shareholders in exchange for the TRY 53,561,215 nominal value shares extinguished in Sinpaş Yapı, at a ratio of TRY 9.71312326 nominal value of Sinpaş GYO shares per TRY 1 nominal value of Sinpaş Yapı share.

Documents related to the merger are accessible on the company website and KAP.