With the significant investments made in recent years, our company has achieved sustainable growth momentum in the plant protection business line, which is its main field of activity, has expanded its portfolio in various areas of the agriculture industry by making strategic diversifications and has taken steps to consolidate its market dominance.
In addition, the indebtedness level has increased as a result of the increasing net working capital need over the years as a result of the growth momentum and boosting sales revenue.
As mentioned above, based on the decision taken by the Board of Directors to reduce the amount of debt arising from the net working capital need due to new investments and growth and the financing cost of this debt; it has been decided to increase the issued capital of our company, which is TRY 2,530,000,000 within the registered equity ceiling of TRY 8,500,000,000, to TRY 8,430,000,000.00 with an increase of TRY 5,900,000,000.00 (233.20158%) in cash (rights offering); and to authorize the General Directorate to initiate the necessary procedures to carry on with the paid-in capital increase for this purpose.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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