MTRKS, ESCAR, and KCAER Announce Free Allocation Dates
Recently, many companies listed on Borsa Istanbul continue to strengthen their capital structures through capital increases. Among the latest applications approved by the Capital Markets Board (CMB) are Matriks Financial Technologies A.Ş., Escar Fleet Leasing Services A.Ş., and Kocaer Steel Industry and Trade A.Ş., which have announced the details of their free share distributions to investors.
Matriks Financial Technologies increases its capital by 150% Matriks Financial Technologies A.Ş. (MTRKS) will raise its issued capital from the current 40,200,000 TL to 100,500,000 TL. This increase will be fully covered by positive differences from capital adjustments, within the registered capital ceiling of 143,000,000 TL. The distribution of free shares will be carried out in proportion to investors’ shares (150%) and will commence as of November 28, 2024. The CMB's approval for the capital increase was published in the Board bulletin dated November 21, 2024, numbered 2024/53. Additionally, the approved issuance document and the amendment to the Articles of Association were shared with the public.
Escar Fleet Leasing will increase its capital to 500 million TL Escar Fleet Leasing Services A.Ş. (ESCAR) will raise its capital from 54,300,000 TL to 500,000,000 TL. As part of this increase, the company will issue free shares with a nominal value of 445,700,000 TL. The start date for exercising the right to receive free shares has been set as November 29, 2024. The issuance document related to the capital increase was approved by the CMB's decision dated November 21, 2024, numbered 60/1644, and the necessary documents were provided to investors.
Kocaer Steel will perform a free capital increase of 191.22% Kocaer Steel Industry and Trade A.Ş. (KCAER) will carry out a free capital increase of 191.2237%. The company will increase its current capital of 657,570,000 TL to 1,915,000,000 TL. The distribution of free shares to the rightful owners will begin on November 28, 2024. The CMB announced its approval of the capital increase in its bulletin dated November 21, 2024, numbered 2024/53. The company also shared the approved issuance document and the amendment to the Articles of Association with the public.