Mavi Giyim Sanayi ve Ticaret : 27 April 2022Registered Capital Ceiling Increase AGM Approval
April 27, 2022 at 03:46 pm
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Registered Capital Ceiling Increase AGM Approval
At the Ordinary General Assembly Meeting of our Company for the special accounting period of February 1, 2021 - January 31, 2022 held on April 27, 2022, it was resolved to amend our Company's Articles of Association's article 6, titled "Capital and Shares" by way of increasing our Company's registered capital ceiling from 245,000,000.- TL (two hundred and forty-five million Turkish Liras) to 500.000.000,- TL (five hundred million Turkish Liras), determining the validity period of the registered capital ceiling as 2022-2026 and increasing the issued capital of our Company from 49,657,000.- TL (forty-nine million six hundred and fifty seven thousand Turkish Liras) to 99,314,000. TL (ninety-nine million three hundred and fourteen thousand Turkish Liras) by fully converting the amounts in the "Retained Earnings" account into share capital, as in the attached.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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Mavi Giyim Sanayi ve Ticaret AS published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 19:45:16 UTC.
Mavi Giyim Sanayi ve Ticaret AS is a Turkey-based company, which designs and manufactures apparel and accessories, under the Mavi brand, for both women and men. The Company offers pants, jackets, shirts, shorts, dresses, skirts, and joggers. The Company operates more than 390 mono-brand Mavi stores with particular presence in Turkey, the United States (following the acquisition of Mavi USA), Canada (following the acquisition of Mavi Canada), Europe (centered on Germany) and Russia, more than 5,000 global points of sale, as well as an online store. It has a retail base in Turkey with more than 200 mono-brand retail stores, more than 60 franchise-operated mono-brand retail stores and more than 400 multi-brand points of sale across the country. Its wholesale partners include Nordstrom, Bloomingdaleâs and Peek & Cloppenburg.