Doğu Aras Enerji Yatırımları A.Ş. (ARASE), an energy company listed on Borsa Istanbul, announced that it will distribute 273.13% bonus shares to its investors on the first business day of July. Following the bonus capital increase, the company’s capital will reach 250 million TL.
In the announcement of the bonus capital increase made by the company through KAP (Public Disclosure Platform), it is stated:
“With the letter titled ‘Doğu Aras Enerji Yatırımları A.Ş. Capital Increase Without Payment from Internal Sources’ dated 22/06/2023 and numbered E-29833736-105.01.01.01-39054, issued by the Capital Markets Board:
Our company’s registered capital within the authorized capital ceiling of 2,000,000,000.00 TL, which was 67,000,000.00 TL, will be increased by 273.13% to 250,000,000 TL by utilizing 35,486,965.17 TL from legal reserves and 147,513,034.83 TL from extraordinary reserves. We request the approval of the Issuance Document for the 183,000,000 TL nominal value shares to be issued and the endorsement of the proposed amendment to the sixth article of the Articles of Association. This request has been approved by the Capital Markets Board with decision number 35/727 dated 21/06/2023. The approved Issuance Document and Amended Articles of Association are attached herewith.”
It was stated in the announcement: “The start date for exercising the right to receive bonus shares has been determined as 03.07.2023.”