Orçay Ortaköy Tea has decided on a 200% Capital Increase through a Bonus Issue.

Orçay Ortaköy Tea's Capital Increase Strategy

Orçay Ortaköy Tea Inc. (ORCAY) took a significant step by cancelling the previous decision made by the board of directors in April. The company decided to carry out a capital increase of 200%. This development was announced to the public via the Public Disclosure Platform (KAP).

Details of the Capital Increase

Within the framework of this decision, Orçay aims to increase its issued capital from 80 million TL to 240 million TL by raising 160 million TL in cash. This increase will serve important purposes such as strengthening the equity structure, financing new investments, reducing existing debts, and financing fresh tea purchases.

KAP Announcement and Preemptive Rights

In a statement made by the Orçay Board of Directors, it was emphasized that under the registered capital ceiling of 400,000,000 TL, it is planned to increase the issued capital by 200% through cash (paid) contribution. Additionally, the preemptive rights of existing shareholders will be preserved for the capital increase of 160,000,000 TL. It was announced that 23,203,322.74 shares of Class (A) registered shares and 136,796,677.26 shares of Class (B) registered shares will be issued.

Use of New Share Subscription Rights

The new share subscription rights representing the cash-increased capital will be granted for 15 days at a nominal value of 1 TL. If this period coincides with public holidays, it will be extended by one business day. Furthermore, it is planned to sell the remaining shares in the Borsa İstanbul A.Ş. Primary Market at no less than their nominal value through sales announcements.

Conclusion and Future Steps

Through the capital increase process and the strategic moves it adopts, Orçay aims to strengthen its financial structure and reach its sustainable growth targets. The company will apply to the Capital Markets Board by preparing the necessary procedures and documentation.