SASA POLYESTER SANAYİ BIST:SASA:
RESOLVED THAT THE REQUESTS RECEIVED BY SASA BETWEEN MAY 8, 2026 AND JUNE 2, 2026 FROM THE HOLDERS OF CONVERTIBLE BONDS (CBS) ISSUED ABROAD REGARDING THE EXERCISE OF THEIR CONVERSION RIGHTS INTO SHARES SHALL BE FULFILLED THROUGH A CONDITIONAL CAPITAL INCREASE
IN ORDER TO MEET THE CONVERSION REQUESTS OF THE HOLDERS OF CONVERTIBLE BONDS (CBS) ISSUED ABROAD RECEIVED BY SASA BETWEEN MAY 8, 2026 AND JUNE 2, 2026, A CONDITIONAL CAPITAL INCREASE SHALL BE CARRIED OUT
ALL NEWLY ISSUED SHARES SHALL BE ALLOCATED EXCLUSIVELY TO THE BONDHOLDERS WITH A TOTAL NOMINAL VALUE OF EUR 259.4 MILLION WHO HAVE REQUESTED TO EXERCISE THEIR CONVERSION RIGHTS BETWEEN MAY 8, 2026 AND JUNE 2, 2026, BY FULLY RESTRICTING THE PRE-EMPTIVE RIGHTS OF THE EXISTING SHAREHOLDERS
THE COMPANY'S ISSUED SHARE CAPITAL SHALL BE INCREASED BY 5.5 BILLION, CORRESPONDING TO THE CONVERSION AMOUNT, FROM 47.0 BILLION TO 52.5 BILLION LIRA
AS OF JUNE 2, SELECTION PROCESS BETWEEN SHARE CONVERSION AND CASH REDEMPTION REGARDING THE 415 MILLION EUROS NOMINAL AMOUNT OF CONVERTIBLE BONDS WHICH ISSUED BY SASA TO INTERNATIONAL INVESTORS IN JANUARY 2026 HAS BEEN COMPLETED
UNDER THE 415 MILLION EUROS NOMINAL AMOUNT OFFERING, BONDHOLDERS REPRESENTING 412.6 MILLION EUROS PRINCIPAL AMOUNT HAVE EXERCISED THEIR CONVERSION RIGHTS INTO SHARES, WHILE BONDHOLDERS REPRESENTING 2.4 MILLION EUROS PRINCIPAL AMOUNT HAVE EXERCISED THEIR RIGHTS AS CASH REDEMPTION
THE LEGAL PROCEDURE FOR 153.2 MILLION EUROS OF TOTAL CONVERSION REQUESTS RECEIVED HAVE BEEN COMPLETED AND CORRESPONDING SHARES HAVE BEEN ISSUED
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