Brief: Hidropar Says Shareholders Sign Share Transfer Agreement For Sale Of 22.76% Stake For $6.5 Mln
BRIEF-Hidropar Says Shareholders Sign Share Transfer Agreement For Sale Of 22.76% Stake For $6.5 Mln Aug 21 (Reuters) - HİDROPAR HAREKET KONTROL TEKNOLOJİLERİ MERKEZİ SANAYİ VE TİCARET HKTM.IS:
HIDROPAR SHAREHOLDERS ATIF TUNC ATIL AND ILHAM CELEBI SIGNED A SHARE TRANSFER AGREEMENT TO SELL SHARES REPRESENTING 22.76% OF THE COMPANY'S SHARE CAPITAL AND 57.09% OF THE VOTING RIGHTS TO SULEYMAN SEMDINOGLU FOR $6.5 MILLION
THE TRANSACTION IS EXPECTED TO BE COMPLETED SUBJECT TO THE FULFILMENT OF CONDITIONS PRECEDENT UNDER THE AGREEMENT AND WITHOUT PREJUDICE TO ANY MANDATORY TENDER OFFER OBLIGATIONS UNDER APPLICABLE REGULATIONS
FOLLOWING THE TRANSACTION, SEMDINOGLU WILL HOLD 21 MILLION CLASS A SHARES AND 2.9 MILLION CLASS B SHARES, GAINING MAJORITY VOTING CONTROL OF THE COMPANY
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