Mavi Giyim Sanayi ve Ticaret : Registered Capital Celing and Issued Capital Increase CMB Application
January 19, 2022 at 03:42 am
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Application to Capital Markets Board (CMB) has been made for amendments of the 6th article of Our Company's articles of association titled "Capital and Shares" related to the increase of 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), to determine the validity period of the registered capital ceiling as 2022-2026 and to increase 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 announced to public with the material event disclosure dated 17.01.2022.
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Mavi Giyim Sanayi ve Ticaret AS published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 08:41:02 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.
MAVI GIYIM SANAYI VE TICARET 
