INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
295
İŞBANK
ANNUAL REPORT 2012
Provisional Article 17
- In accordance with the Law nr. 5274
related to changing the Turkish Commercial Code, each Group
(A) share with a nominal value of TL 500, each Group (B) share
with anominal value of TL 10,000 and each Grop (C) share with
a nominal value of TL 40,000 have been changed into Group (A)
share with a nominal value of 1 New Kurus, Group (B) share with a
nominal value of 1 New Kurus and Group (C) share with a nominal
value of 4 New Kurus.
As a result of this change, total number of shares has decreased
and thus, 1 Goup (A) share with a nominal value of 1 New Kurus
will be given for 20 Group (A) shares with a nominal value of
TL 500; 1 Group (B) share with a nominal value of 1 New Kurus
will be given for each Group (B) share with a nominal value of
TL 10,000 and 1 Group (C) share with a nominal value of 4 New
Kurus will be given for each Group C shares with a nominal value of
TL 40,000.
As a result of the above mentioned change; in accordance with
article 399 of the Turkish Commercial Code, which has been
changed by the Law nr. 5274, 20 Group (A) shares each with a
nominal value of TL 500 will be changed with a Group (A) share
with a nominal value of 1 New Kurus, each Group (B) share with
a nominal value of TL 10,000 will be changed with a Group (B)
share with a nominal value of 1 New Kurus, and each Group (C)
share with a nominal value of TL 40,000 will be changed with a
Group (C) share with a nominal value of 4 New Kurus. Group a, B,
and C shareholders have the right to change their shares with the
nominal values mentioned above with the shares with nominal
values stated as New Kurus.
Related to the changes mentioned above, the shareholders’ share
bound rights remain reserved.
Those shareholders whose Group (A) shares are not sufficient for
getting a full share with a nominal value of 1 New Kurus, will be
given a fraction receipt and in case of presenting the rounded up
fraction receipts, they will be changed with a share.
In line with the dematerialization principles, book-entries are
made for the shares representing the capital.
Provisional Article 17 -
In accordance with the Law Nr. 5274 on
the amendment of the Turkish Commercial Code and the Law
regarding the Monetary Unit of the Turkish Republic Numbered
5083 each Group (A) share with a nominal value of TL 500, each
Group (B) share with a nominal value of TL 10,000 and each Group
(C) share with a nominal value of TL 40,000 have been changed
into Group (A) share with a nominal value of 1 New Kurus, Group
(B) share with a nominal value of 1 New Kurus and Group (C) share
with a nominal value of 4 New Kurus.
As a result of this change, total number of shares has decreased
and thus, 1 Group (A) share with a nominal value of 1 New Kurus
is given for 20 Group (A) shares with a nominal value of TL 500;
1 Group (B) share with a nominal value of 1 New Kurus is given
for each Group (B) share with a nominal value of TL 10,000 and 1
Group (C) share with a nominal value of 4 New Kurus is given for
each Group C shares with a nominal value of TL 40,000.
As a result of the above mentioned change; in accordance with
article 399 of the Turkish Commercial Code, which has been
amended by the Law Nr. 5274, 20 Group (A) shares each with a
nominal value of TL 500 is changed with a Group (A) share with
a nominal value of 1 New Kurus, each Group (B) share with a
nominal value of TL 10,000 is changed with a Group (B) share with
a nominal value of 1 New Kurus, and each Group (C) share with a
nominal value of TL 40,000 is changed with a Group (C) share with
a nominal value of 4 New Kurus. Group A, B, and C shareholders
have the right to change their shares with the nominal values
mentioned above with the shares with nominal values stated as
New Kurus.
Related to the changes mentioned above, the shareholders’ share
bound rights remain reserved.
Those shareholders whose Group (A) shares are not sufficient for
getting a full share with a nominal value of 1 New Kurus, will be
given a fraction receipt and in case of presenting the rounded up
fraction receipts, they will be changed with a share.
The shares representing the capital shall be monitored through
records, within the context of the principles of dematerialization.
The face value of the shares was changed as per the Law Nr.5274
on the amendment of the Turkish Commercial Code, such that
each share will have a minimum face value of 1 New Kurus;
and subsequently, the “New Turkish Lira” and the “New Kurus”
inscriptions were changed as “Turkish Lira” and “Kurus” as per
the Council of Ministers Resolution regarding the Removal of the
“New” inscription in “New Turkish Lira” and “New Kurus”, and the
Related Codes of Practice dated 4 April 2007 and under article
1007/11963
(*) Includes the amendments in the Articles of Incorporation made at Extraordinary General Meeting on 30 March 2012.
Amendments in the Articles of Incorporation in 2012
1...,287,288,289,290,291,292,293,294,295,296 298,299,300