292
İŞBANK
ANNUAL REPORT 2012
PREVIOUS TEXT
NEW TEXT
Capital
Article 5 -
The Corporation has accepted the registered capital
system according to the provisions of the Capital Market Law and
has adopted the registered capital system by the permission of
The Capital Markets Board nr. 2683 dated 6.3.1997. The registered
capital of the Corporation has been raised to TRY 7,000,000,000
(seven billion) by the permission of The Capital Markets Board nr.
11/309 dated 23.03.2007.
The issued and fully paid capital of the Corporation is TRY
2,756,585,000 (two billion seven hundred fifty six million five
hundred eighty five thousand) and TRY 1,000 of it is composed of
Group (A) shares each of which worth 1 New Kurus, TRY 29,000
of it is composed of Group (B) shares each of which worth 1 New
Kurus and TRY 2,756,555,000 of it is composed of Group (C)
shares each of which worth 4 New Kurus.
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.
Article 5 -
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.
New Share
Certificates to
be Issued in the
case of a Capital
Increase
Article 18 -
In case of a capital increase within the maximum level
of the registered capital, the Board of Directors shall determine
the terms of the new shares to be issued, provided that the
provisions of the Articles of Incorporation, Article 5, clause 2
remain reserved.
When the capital is increased, in cases where the whole or a part
of the increased amount is to be covered through sources arising
from extraordinary reserves or statutory revaluations, the amount
of capital raised through this shall be divided into the total number
of shares by considering each Group (A) share as 20 due to the
reason that 20 Group (A) shares each with a nominal value of
TL 500 have been changed with 1 Group (A) share with a nominal
value of 1 New Kurus, thus the number of bonus shares to be
given to each share is calculated by considering each Group (A)
share as times 20.
Article 18 -
In case of a capital increase within the maximum level
of the registered capital, the Board of Directors shall determine
the terms of the new shares to be issued, provided that the
provisions of the Articles of Association, Article 5, clause 2 remain
reserved.
When the capital is increased, in cases where the whole or a
part of the increased amount is to be covered through sources
arising from extraordinary reserves or statutory revaluations, the
amount of capital raised through this shall be divided into the total
number of shares by considering each Group (A) share as 20 due
to the reason that 20 Group (A) shares each with a nominal value
of TL 500 (this amount is related to the period prior to the Law
Regarding Monetary Unit of the Turkish Republic, Numbered 5083
on which the rate of change has not been applied) have been
changed with 1 Group (A) share with a nominal value of 1 Kurus,
thus the number of bonus shares to be given to each share is
calculated by considering each Group (A) share as times 20.
Preferential
Right
Article 19 -
The existing shareholders shall have preferential
rights with respect to the purchase of new shares to be issued.
The duration and conditions of exercising such a priority shall
be determined by the Board of Directors in accordance with the
legislation.
Each Group (A) share is considered as 20 shares and divided into
total number of shares due to the reason that 20 Group (A) shares
have been changed with 1 Group (A) share with a nominal value of
1 New Kurus, thus the preferential right to be given to each share
is calculated by considering each Group (A) share as times 20.
The preferential rights not used within their validity periods are
presented to the public in accordance with the legislation.
Article 19 -
The existing shareholders shall have preferential
rights with respect to the purchase of new shares to be issued.
The duration and conditions of exercising such a priority shall
be determined by the Board of Directors in accordance with the
legislation.
Each Group (A) share is considered as 20 shares and divided into
total number of shares due to the reason that 20 Group (A) shares
have been changed with 1 Group (A) share with a nominal value
of 1 Kurus, thus the preferential right to be given to each share is
calculated by considering each Group (A) share as times 20.
The preferential rights not used within their validity periods are
presented to the public in accordance with the legislation.
Amendments in the Articles of Incorporation in 2012
(*)
1...,284,285,286,287,288,289,290,291,292,293 295,296,297,298,299,300