Last checked at 23 Feb 2010 14:56
19.02.2010Disclosure Related to the Distribution of Bonus Shares
The disclosure related to the distribution of the shares to be issued due to the increase of Isbank's paid in capital from TL 3,079,638,671 to TL 4,500,000,000 is stated below.
DISCLOSURE MADE BY THE BOARD OF TURKIYE IS BANKASI A.S. ON THE DISTRIBUTION OF BONUS SHARES
The shares issued to increase the TL 3,079,638,671 paid in capital to TL 4,500,000,000 within Isbank's registered capital ceiling of TL 7,000,000,000, were registered by Capital Markets Board of Turkey on 17.02.2010 with the number 7/68. TL 1,383,177.88 increase will be covered by bonus shares received from participations, TL 1,057,425,285.70 increase will be covered by the extraordinary reserves and TL 361,552,865.42 increase will be covered by paid-in capital inflation adjustments. However, the registration does not mean that our corporation or its shares are guaranteed by the Capital Markets Board or by the state.
Of the shares representing the increased capital amount of TL 1,420,361,329, shareholders that own Group A shares have the right to obtain 3,689.48419%, shareholders that own Group B shares have the right to obtain 184.47421%, and shareholders that own Group C shares have the right to obtain 46.11855% bonus Group C shares.
The issued shares shall be eligible to receive dividends for the financial year 2010, and dividends shall be distributed to these shares for the first time from the 2010 net profit, in case there is any profit distribution.
Bonus share receivables related to the current dematerialized shares will be recorded to our shareholders' accounts by the Central Registry Agency starting from 24.02.2010.
As per the provisional Article 6 of the Capital Markets Law, the Central Registry Agency will keep record of the financial and managerial rights of the shares that are not dematerialized. In the event of dematerialization, financial rights will be transferred to the account of the shareholder and the managerial rights will be exercised by the shareholder.
| Current Registered Capital Ceiling (TL) | 7,000,000,000.00 |
| Paid-in Capital Before the Capital Increase (TL) | 3,079,638,671.00 |
| Paid-in Capital After the Capital Increase (TL) | 4,500,000,000.00 |
| Amount of Bonus Issue (TL) | 1,420,361,329.00 |
| From Internal Sources (TL) | 1,420,361,329.00 |
| From the Dividend (TL) | 0 |
| Rate of Bonus Shares to be Received by Group A Shares (%) | 3,689.48419 |
| Rate of Bonus Shares to be Received by Group B Shares (%) | 184.47421 |
| Rate of Bonus Shares to be Received by Group C (%) | 46.11855 |
| Starting Date to Use the Right to Receive Bonus Shares | 24.02.2010 |
| From Which Accounting Period Profit Will the Shares Issued Benefit Representing the Capital Increase? | 2010 |