May 14 (Reuters) - Turkiye Sigorta AS TURSG.IS:
TURKIYE SIGORTA - MAJORITY SHAREHOLDER TVF FİNANSAL YATIRIMLAR TO SELL UP TO NOMINAL SHARES OF 450 MILLION LIRA IN TÜRKİYE SİGORTA
IT CORRESPONDS TO 4.50% OF TÜRKIYE SIGORTA'S ISSUED SHARE CAPITAL
CURRENT HOLDING OF SHARES WITH A TOTAL NOMINAL VALUE OF TRY 8.1 BILLION LIRA AND REPRESENTING 81.1% OF THE ISSUED SHARE CAPITAL OF TÜRKIYE SIGORTA
TURKIYE SIGORTA - TVF FİNANSAL YATIRIMLAR STAKE TO FALL TO 76.60% IF ALL SHARES SOLD
FINAL TERMS AND CONDITIONS OF TRANSACTION, SUCH AS NUMBER OF SHARES TO BE SOLD AND THE SALE PRICE WILL BE DETERMINED IN ACCORDANCE WITH THE ACCELERATED BOOKBUILDING PROCESS
FOLLOWING TRANSACTION, IF ALL OF THE SHARES ARE SOLD THE DIRECT SHAREHOLDING INTEREST OF TVF FINANSAL YATIRIMLAR IN TÜRKIYE SIGORTA AND THE TÜRKIYE SIGORTA'S FREE FLOAT ARE EXPECTED TO BE 76.60% AND 23.40%, RESPECTIVELY
TURKIYE SIGORTA - TVF FİNANSAL YATIRIMLAR AGREES TO 90-DAY LOCK-UP ON REMAINING TÜRKİYE SİGORTA SHARES
Source text: ID:nIKA2pVLXc
Further company coverage: TURSG.IS
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))