BIST: Two Companies Decide on Capital Increase While YEOTK and PAPIL Announce Increase Dates
Papilon Defense and YEO Technology, which are traded on Borsa Istanbul, recently received approval from the Capital Markets Board (CMB) for capital increases and announced the dates for the distribution of free shares. BMS Steel Mesh and Agrotech also announced their decisions regarding capital increases in their statements to the Public Disclosure Platform.
Papilon Defense sets date for capital increase Papilon Defense Technology and Trade Inc. (PAPIL) has decided to increase its capital from 34,375,000 TL to 206,250,000 TL by 171,875,000 TL, fully financed from internal resources, as per the board decision dated July 2, 2024. In this context, the application made to the Capital Markets Board for the amendment of Article 6 of the company’s articles of association and the issuance of new shares was approved on November 21, 2024. The start date for exercising the right to receive free shares has been set for November 27, 2024, along with the approved issuance document and the amended articles of association. After the capital increase, the entry and exit date for the new shares in the accounts of stock market investors has been announced as November 29, 2024.
YEO Technology announces free capital increase YEO Technology Energy and Industry Inc. (YEOTK) has obtained approval from the Capital Markets Board to increase its capital from 96,000,000 TL to 355,000,000 TL without charge. During this process, the start date for the right to receive free shares of the newly issued shares with a nominal value of 259,000,000 TL has been announced as November 28, 2024. The new shares are planned to be transferred to the stock market investors' accounts on December 2, 2024.
Capital increase decision from BMS Steel Mesh BMS Steel Mesh Industry and Trade Inc. (BMSCH) made significant decisions at its board meeting on November 18, 2024. The company will increase its capital by 63,915,000 TL to 100,000,000 TL within the registered capital cap of 100 million TL. The capital increase will be financed from the issuance premium and will be distributed to shareholders as free shares. The new capital will consist of 5,403,907.275 TL worth of Class A privileged shares and 94,596,089.657 TL worth of Class B shares. Accordingly, an application has been made to the Capital Markets Board for the approval of the issuance document.
Agrotech announces 100% free increase Agrotech High Technology and Investment Inc. (AGROT) also made a similar decision at its board meeting on November 26, 2024. The company plans to increase its issued capital of 1,200,000,000 TL by 100% to 2,400,000,000 TL within the registered capital cap of 5,000,000,000 TL. This increase will be covered by positive differences in capital inflation adjustments and extraordinary reserves. The increased capital will be distributed free of charge to existing Class A and B shareholders. Additionally, the relevant articles of the articles of association will be amended, and these changes will be reported to the Capital Markets Board.