Kontrolmatik Decides on Capital Increase
Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. (KONTR) has decided to increase its capital during a board meeting. Kontrolmatik will proceed with a reserved capital increase.
The company will raise its current issued capital of 650 million TL to 694.5 million TL by increasing it by 44.5 million TL, within the registered capital ceiling of 4 billion TL. This increase will be carried out through a reserved sale method without a public offering. The new shares arising from the increased capital will be allocated to Sami Aslanhan and Ömer Ünsalan, with the preemptive rights of existing shareholders restricted. This decision was made in accordance with the relevant regulations of the Capital Markets Board (CMB) and the Procedures for Wholesale Trading Transactions of Borsa Istanbul.
A total of 22,250,000 TL nominal value of shares to be issued will be equally allocated to shareholders Sami Aslanhan and Ömer Ünsalan. Additionally, the issued shares will be offset against the cash and overdue receivables owed to the company by these individuals. The selling price of the shares will be determined in accordance with the margins set by Borsa Istanbul, provided it is not lower than the nominal value. An application will be made to the CMB for the approval of the issuance documents, and after obtaining the necessary permits, sales transactions will be carried out on Borsa Istanbul.
How will the capital increase process work?
All shares to be issued as part of the capital increase will be registered and will be eligible to be traded on the exchange without any privileges. The addition of the shared receivables and cash counterparts belonging to Sami Aslanhan and Ömer Ünsalan will be carried out after confirmation by a certified public accountant report. It has been decided to make all necessary notifications and applications to all relevant public institutions and organizations, primarily the CMB and Borsa Istanbul.
In this process, communication will be established with trade registry offices, notaries, and other private institutions to ensure that the capital increase transaction is completed thoroughly and on time. The board's decision is considered a part of the company's strategy to strengthen its financial structure and enhance its reputation among investors.