253
Financial Information and Risk Management
Amendments in the Articles of Incorporation in 2015
ARTICLE NR.
5
PREVIOUS TEXT
Capital
The -Corporation has accepted the registered capital
system pursuant to the provisions of the Capital Market
Law Nr.2499, and adopted the registered capital system
as per the Capital Market Board permission dated 6.3.1997
and Nr.2683. The registered capital of the Corporation has
been increased to TRY 10,000,000,000 (ten billion) by
the permission of The Capital Markets Board Nr.311/1852)
dated 21.02.2012.
The issued and fully paid capital of the Corporation is TL
4,500,000,000 (four billion five hundred million) and
TL 1,000 of it is composed of Group (A) shares each of
which worth 1 Kurus, TL 29,000 of it is composed of
Group (B) shares each of which worth 1 Kurus and TL
4,499,970,000 of it is composed of Group (C) shares each
of which worth 4 Kurus.
The registered capital maximum level permission granted
by the Capital Market Board is valid between 2012 and
2016 (5 years). Even if the registered capital maximum
level is not reached by the end of 2016; the Board of
Directors, in order to be able to resolve for another capital
increase after 2016, is obliged to obtain permission from
the Capital Markets Board for the previously permitted
or a newmaximum level amount and then obtain
authorization from the General Assembly for a new time
period. In case such authorization is not obtained, the
Corporation shall be deemed to quit the registered capital
system.
The Board of Directors is authorized to increase the
issued capital by issuing registered shares up to the
maximum level of the registered capital in accordance
with the provisions of the Capital Market Law and the
relevant legislation, whenever it deems necessary.
However, no new shares can be issued unless all the
issued shares are sold and their values are collected.
All the shares of the Corporation are strictly required to be
issued in return for cash; all of themmust be registered
and be quoted on the Stock Exchange.
NEWTEXT
Capital
The -Corporation has accepted the registered capital
system pursuant to the provisions of the Capital Market
Law Nr.6362, and adopted the registered capital system
as per the Capital Market Board permission dated 6.3.1997
and Nr.2683. The registered capital of the Corporation has
been increased to TRY 10,000,000,000 (ten billion) by
the permission of The Capital Markets Board Nr.311/1852)
dated 21.02.2012
The issued and fully paid capital of the Corporation is TL
4,500,000,000 (four billion five hundred million) and
TL 1,000 of it is composed of Group (A) shares each of
which worth 1 Kurus, TL 29,000 of it is composed of
Group (B) shares each of which worth 1 Kurus and TL
4,499,970,000 of it is composed of Group (C) shares each
of which worth 4 Kurus.
The registered capital maximum level permission granted
by the Capital Market Board is valid between 2012 and
2016 (5 years). Even if the registered capital maximum
level is not reached by the end of 2016; the Board of
Directors, in order to be able to resolve for another capital
increase after 2016, is obliged to obtain permission from
the Capital Markets Board for the previously permitted or a
newmaximum level amount and then obtain authorization
from the General Assembly for a new time period.
The Board of Directors is authorized to increase the
issued capital by issuing registered shares up to the
maximum level of the registered capital in accordance
with the provisions of the Capital Market Law and the
relevant legislation, whenever it deems necessary
However, no new shares can be issued unless all the
issued shares are sold and their values are collected.
All the shares of the Corporation are strictly required to be
issued in return for cash; all of themmust be registered
and be quoted on the Stock Exchange.
