Brief: Is Bankası Decides To Transfer Shares Of Subsidiaries And Affiliate Owned By Is Bankası To New Company

Is Yatirim Menkul Degerler AS

28/08/2023 06:33

Aug 28 (Reuters) - TÜRKİYE İŞ BANKASI  ISCTR.IS :
    * SAID ON FRIDAY DECIDES PARTIAL FACILITATED DEMERGER
THROUGH
ASSOCIATE MODEL WITH AIM OF MANAGING SUBSIDIARIES PORTFOLIO MORE
EFFECTIVELY, DYNAMICALLY AND EFFICIENTLY, WITH A FULL
CONCENTRATION AND INCREASED GROUP SYNERGY AND ESTABLISHING A
STRUCTURE THAT WILL CONTRIBUTE TO SUSTAINABLE GROWTH VIA
STRATEGIC INVESTMENTS IN NEW FIELDS
    * AUTHORIZES BOARD OF DIRECTORS HEAD OFFICE TO TRANSFER
SHARES OF
BELOW MENTIONED SUBSIDIARIES AND AFFILIATE OWNED BY IS BANKASI
TO A COMPANY WHICH WILL NEWLY BE INCORPORATED AS A 100%
SUBSIDIARY OF OUR BANK, USING THE "PARTIAL FACILITATED DEMERGER
THROUGH ASSOCIATE MODEL" METHOD 
    * 50.93% SHARES OF SISECAM,
    * 47.68% SHARES OF TÜRKIYE SINAI KALKINMA BANKASI,
    * 65.74% SHARES OF IS YATIRIM MENKUL DEGERLER,
    * 52.06% SHARES OF IS GAYRIMENKUL YATIRIM ORTAKLIGI,
    * 100.00% SHARES OF TRAKYA YATIRIM HOLDING,
    * 87.60% SHARES OF MILLI REASÜRANS T.A.S,
    * 62.00% SHARES OF ANADOLU HAYAT EMEKLILIK,
    * 27.79% SHARES OF IS FINANSAL KIRALAMA,
    * 100.00% SHARES OF ISBANK AG,
    * 100.00% SHARES OF JSC İŞBANK,
    * 100.00% SHARES OF JSC ISBANK GEORGIA,
    * 100.00% SHARES OF MOKA ÖDEME VE ELEKTRONIK PARA KURULUSU
    * 100.00% SHARES OF ISNET ELEKTRONIK BILGI URETIM DAĞITIM
TICARET
VE İLETIŞIM HIZMETLERI,
    * 86.33% SHARES OF IS MERKEZLERI YÖNETIM VE ISLETIM,
    * 100.00% KÜLTÜR YAYINLARI IS TURK AND
    * 20.58% SHARES OF ARAP TÜRK BANKASI
    * TO CARRY OUT PARTIAL DEMERGER TRANSACTION, BASED ON THE
FINANCIAL STATEMENTS 
    * AUTHORIZES ALSO TO PREPARE ANNOUNCEMENT TEXT, DEMERGER
PLAN,
DEMERGER REPORT, NOTICE OF THE RIGHT TO REVIEW AND ALL THE OTHER
REQUIRED DOCUMENTS AND CARRY OUT ALL LEGAL PROCEDURES

   
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA8VChND
 Further company coverage:  ISCTR.IS  

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