Third Week (18 - 24 April 2016)
Transkript
Third Week (18 - 24 April 2016)
9< TABOGLU & DEMIRHAN Newsletter 18 April 2016 – 24 April 2016 “ 16 Volume 15, Issue cont’d. CAPITAL MARKETS UPDATES As per the Weekly Bulletin of the Capital Markets Board, Halk Gayrimenkul Yatirim Ortakligi has applied to the Board to increase its share capital by TL 47 million. It has been further stated that the increased amount is planned to be met from the dividend entitlements of the shareholders. As per the Weekly Bulletin of the Capital Markets Board, Denge Yatirim Holding has applied to the Board to increase its share capital by TL 3 million. It has been further stated that the increased amount is planned to be met from the internal resources. Highlights a. Capital Updates Markets b. Competition Highlights c. Other News In line with the Weekly Bulletin of the Capital Markets Board, Pinar Su Sanayi ve Ticaret has applied to the Board for the increase of its share capital through rights issues by TL 31,973,363.175. Pursuant to the Weekly Bulletin of the Capital Markets Board, Varyap Varlibaslar Yapi Sanayi Turizm Yatirimlari Ticaret ve Elektrik Uretim has applied to the Board for the issuance of debt instruments in the amount of TL 100 million. Accordingly, the debt instruments of the Company are planned to be sold through private placement or to qualified investors. In line with the Weekly Bulletin of the Capital Markets Board, Finans Faktoring has applied to the Board for the issuance of debt instruments in the amount of TL 91,828,000. Accordingly, the debt instruments of the Company are planned to be sold through private placement or to qualified investors. In line with the Weekly Bulletin of the Capital Markets Board, Akdeniz Faktoring has applied to the Board for the issuance of debt instruments in the amount of TL 100 million. Accordingly, the debt instruments of the Company are planned to be sold to qualified investors. cont’d. As per the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificate of Orfin Finansman for the issuance of debt instruments with a nominal issuance limit of TL 450 million. It has been further noted that the debt instruments will be sold to qualified investors. As per the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificate of YDA Insaat Sanayi ve Ticaret for the issuance of debt instrument with a nominal issuance limit of TL 450 million. It has been further noted that the debt instruments will be sold to qualified investors. As per the Weekly Bulletin of the Capital Markets Board, the Board has granted its approval to the establishment of mutual pension funds of Vakif Emeklilik, namely Vakif Emeklilik Anonim Sirketi Pera 1 Grup Degisken Emeklilik Yatirim Fonu, Vakif Emeklilik Anonim Sirketi Pera 2 Grup Degisken Emeklilik Yatirim Fonu, and Vakif Emeklilik Anonim Sirketi Pera 3 Grup Degisken Emeklilik Yatirim Fonu. Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the indirect change in the shareholding structure of Finans Portfoy Yonetimi which will be arisen upon the prospective transfer in Finansbank shares. As per the Weekly Bulletin of the Capital Markets Board, the Board has approved the liquidation of TEB Portfoy Yonetimi Hedge Umbrella Fund, which is established by TEB Portfoy , upon the Company’s request. Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the merger of Fokus Portfoy First Variable Fund and Fokus Portfoy Second Variable Fund under Fokus Portfoy First Variable Fund. cont’d. Page 2 cont’d. The aim of this weekly newsletter is to highlight mainly the regulatory changes made by the Turkish Government during the relevant week. The content of this bulletin is limited to those areas Taboglu & Demirhan advises its clients. It contains a general summary of the changes and the areas it covers are broader. Thus, one should not rely on it for specific advice. For further information or advice please contact Taboglu & Demirhan, a full-service law firm based in Istanbul. cont’d. Pursuant to the announcement of Verusa Holding made in the Public Disclosure Platform, the Company has applied to the Capital Markets Board to increase its share capital through bonus issues from TL 20 million to TL 70 million within the registered capital ceiling of the Company, which is TL 300 million. Pursuant to the announcement of Anadolu Hayat Emeklilik made in the Public Disclosure Platform, the Capital Markets Board has approved the increase of the Company’s registered share capital ceiling from TL 450 million to TL 900 million. Pursuant to the announcement of Yapi Kredi Finansal Kiralama made in the Public Disclosure Platform, the Capital Markets Board has approved the issuance certificate of the Company for the issuance of bonds and/or commercial papers with the total nominal value of TL 1.5 billion. In line with the announcement made in the Public Disclosure Platform, the bond issuance of Eko Faktoring amounting to TL 19 million with 175 days maturity has been completed on 22 April 2016. It is further stated that the bonds are sold to qualified investors. In line with the announcement made by Gozde Girisim Sermayesi Yatirim Ortakligi in the Public Disclosure Platform, the Company has applied to the Capital Markets Board for the public offering of the shares of Polinas Plastik Sanayi ve Ticareti through share capital increase of which is an affiliate of Ismet Ambalaj Yatirimlari, which is a subsidiary of the Company under its sole control. As per the statement made by Ak Yatirim Menkul Degerler in the Public Disclosure Platform, the Company has completed the issuance of debt instruments having a nominal value of TL 1 million. COMPETITION HIGLIGHTS Pursuant to the announcement published in the official website of the Competition Authority, an application has been made before the Competition Board (i) for the acquisition of 50% of the share capital of Kiraz Enerji Yatirim Uretim ve Ticaret by Akinal Enerji Uretim ve Yatirim; and (ii) for the acquisition of 50% of the share capital Turkerler Jeotermal Enerji Arama ve Uretim by Akinal Sentetik Tekstil Sanayi ve Ticaret. Pursuant to the dailies, TTNET and Turk Telekomunikasyon have provided their verbal statements to the Competition Board with regards to the claim alleging that they have violated the Competition Law numbered 4054. OTHER NEWS As per the dailies, Bilgin Grup Dogalgaz, a subsidiary of Bilgin Enerji Yatirim Holding, has become a shareholder in Genel Energy Plc, a London based company active in energy sector, by way of acquiring 10.5% of its shares. In line with the dailies, the engagement letter which was previously signed by and between Reysas GYO and Dumankaya concerning the project for construction of a residential area has been terminated by Reysas GYO. cont’d. TABOGLU & DEMIRHAN Attorneys at Law cont’d Levent Cad. No. 9 1. Levent, 34330, Istanbul, Turkey E-MAIL: [email protected] www.taboglu.av.tr PHONE: (212) 339 8800 FAX: (212) 339 8899
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The aim of this weekly
newsletter is to highlight
mainly the regulatory
changes made by the
Turkish
Government
during the relevant week.
The content of this bulletin
is limited to those areas
Tabog...