Date Of The Previous Notification About The Same Subject
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Hayır (No)
Announcement Content
Explanations
Considering the Group's long term strategies, its global competitive environment, and the potential synergies that could be captured by combining all of Sisecam's activities in one entity, it was decided in the Board of Directors Meeting of our Company on January 30, 2020 to engage in negotiations regarding a merger with Anadolu Cam Sanayii A.Ş., Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş. and Trakya Cam Sanayii A.Ş. This is pursuant to Capital Markets Law Number 6362, Capital Market Board's Communiqué Number Seri:II, N 23.1 on Common Principles Applicable to Important Category Transactions and the Right to Exit, Capital Market Board's Communiqué Number Seri:II, N 23.2 on Mergers and Spin-offs, Turkish Commercial Code number 6102, Corporate Tax Law number 5520 and other applicable legislation. The expected synergies will be achieved through an efficient, lean and agile governance that will maximize shareholder value through increased trading volume and depth of shares.
An Audio Call on this material event disclosure will be held by Türkiye Şişe ve Cam Fabrikaları A.Ş. on January 31st 2020, at 09:00 am Turkey time. Teleconference participation details;
Event Title: Disclosure at the Istanbul Stock Exchange Audio Call
Event Number: EV00100387
Dial-in Numbers
Turkey: +902123755127
UK: +442071943759
PIN: 30278670#
We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.
Türkiye Sise ve Cam Fabrikalari AS published this content on 30 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2020 20:29:03 UTC
Turkiye Sise ve Cam Fabrikalari AS (Sisecam) is a Turkey-based company engaged in the production of glass and chemicals. It is comprised of four main business sectors: the flat glass group, including basic glass, automotive glass and glass for other vehicles; the glassware group, engaged in the design, production, marketing and sale of table and kitchen articles, and souvenirs made of glass; the glass packaging business, that produces packages of different volumes and colors for water, mineral water, beverage, fruit juice, milk, beer, wine and other high-alcohol drinks, and for pharmacy and cosmetic sectors, and the chemicals group, responsible for soda ash and chromium chemicals production.