TKC fully pays pre-emption rights in Kıbrıs Telekom TRY 500M boost
Rhea-AI Filing Summary
Turkcell Iletisim Hizmetleri A.S. reported that the capital of its wholly owned subsidiary Kıbrıs Mobile Telekomünikasyon Limited has been increased by TRY 500,000,000 to a total of TRY 922,724,863.
Turkcell’s pre-emption rights in this capital increase were fully paid, meaning the company participated in the increase and maintained its ownership in Kıbrıs Telekom.
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FAQ
What did Turkcell (TKC) announce regarding Kıbrıs Telekom?
Turkcell announced that the capital of its wholly owned subsidiary Kıbrıs Mobile Telekomünikasyon Limited has been increased, and Turkcell fully paid its pre-emption rights.
By how much was Kıbrıs Telekom’s capital increased?
Kıbrıs Telekom’s capital was increased by TRY 500,000,000, bringing its total capital to TRY 922,724,863.
Does Turkcell still fully own Kıbrıs Telekom after the capital increase?
Yes. The announcement states that Kıbrıs Telekom is a wholly owned subsidiary of Turkcell and that Turkcell’s pre-emption rights in the capital increase were fully paid.
What are pre-emption rights in the context of Turkcell’s capital increase?
Pre-emption rights give an existing shareholder, like Turkcell, the opportunity to buy new shares in a capital increase so that its ownership stake is maintained. Turkcell’s pre-emption rights were fully paid.
Which subsidiary of Turkcell is affected by this capital increase?
The capital increase relates to Turkcell’s wholly owned subsidiary Kıbrıs Mobile Telekomünikasyon Limited, also referred to as Kıbrıs Telekom.
In what currency was the Kıbrıs Telekom capital increase announced?
The capital increase for Kıbrıs Telekom was announced in Turkish Lira (TRY), with an increase of TRY 500,000,000 to a total of TRY 922,724,863.
