1st Jul 2008 10:19
26.06.2008 The Sale of Shares in Asmas Agir Sanayi Makinalari A.S.
Related to our letters dated 26.03.2008 and 31.03.2008, nrs. CY-323 and. CY-358.
As per the resolution of the Board of Directors dated 26.03.2008, the transfer of %97.53 of Isbank's shares in Asmas Agir Sanayi Makinalari A.S. with a nominal value of TRY 6,437,003.38 was finalized for an amount of USD 9,753,035, which was collected on 31.03.2008.
The details of the aforementioned transfers are as follows:
15% of shares with a nominal value of TRY 990,000 were transferred to Turkiye Sise ve Cam Fabrikalari A.S., for an amount of USD 1,500,000
82.53% of shares with a nominal value of TRY 5,447,003.38 were transferred to Soda Sanayi A.S., for an amount of USD 8,253,035
The aforementioned sales amount was revised based on the difference between the amount of shareholders' equity stated in the balance sheet as of 31.07.2007 and the balance sheet of 31.03.2008, which was the closing date.
In this context,
TRY 764,463 has been refunded to Turkiye Sise ve Cam Fabrikalari A.S.
TRY 4,206,094 has been refunded to Soda Sanayi A.S.
based on the above mentioned difference in shareholders' equity.
Related Shares:
Turkiye Gdr Rgs