Brief: Sabanci Holding To Sell Shares Which Represent %10.28 Of Total Teknosa Share Capital In Secondary Market

Teknosa Ic ve Dis Ticaret

26/11/2020 05:49

Nov 26 (Reuters) - SABANCI HOLDING  SAHOL.IS :
    * DECIDES TO SELL SHARES WHICH REPRESENT %10.28 OF TOTAL
TEKNOSA
 TKNSA.IS  SHARE CAPITAL IN SECONDARY MARKET BASED ON MARKET
PRICES
    * SABANCI HOLDING WILL BE KEEPING THE MANAGEMENT CONTROL OF
TEKNOSA FOLLOWING THE TRANSACTION
    * AFTER APPROVAL OF MEMORANDUM OF SALE OF SHARES BY CMB,
TEKNOSA
SHARES UP TO 11.3 MILLION LIRA NOMINAL VALUE WILL BE REGISTERED
BY CENTRAL SECURITIES DEPOSITORY AND SUBSEQUENTLY SUBJECT
SHARES, IN FULL OR IN PART, WILL BE SOLD IN ISTANBUL STOCK
EXCHANGE
    * PROCEEDS FROM SALE OF TEKNOSA SHARES WILL BE USED FOR
SUBSCRIBING TO CONTEMPLATED CAPITAL INCREASE THAT IS GOING TO BE
EXECUTED BY TEKNOSA

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA8t5Kdr
    
 Further company coverage:  SAHOL.IS  
   


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