At our Company's Board of Directors Meeting dated March 16, 2023, in accordance with the decision taken to increase our Company's capital from 1,145,000,000.- TL to 2,950,000,000.- TL, 50% of which is bonus issue and 107,64% bonus, on 21 March 2023. An application was made to the Capital Markets Board for the public offering of the shares representing the amount of capital. At this stage, the processing of the bonus issue after the approval of the General Assembly, primarily, in accordance with the authorization given by Article 7 of the Articles of Association of the Company, within the registered capital ceiling of 1.750.000.000,-TL, the entire issued capital of 1.145.000.000,-TL. An application has been made to the Capital Board for the approval of the re-prepared prospectus for the public offering of the shares representing the increased capital amount due to the increase of our Company's paid-in capital from TL 1,145,000,000 to TL 1,717,500,000, as a result of the 50% increase in cash.
Regarding the aforementioned paid capital increase, the report prepared on the purposes for which the funds to be obtained from the capital increase will be used pursuant to Article 33 of the Capital Markets Board's Share Communique No. It has been sent during the application and is presented to the information of our partners in the appendix.