Hektas Says It Decides To Raise Capital Via Private Placement For OYAK; Proceeds Of 2.4 Bln Lira To Be Used For Debt Reduction

HEKTAŞ TİCARET BIST:HEKTS:

• SAID ON THURSDAY, IT DECIDES TO RAISE CAPITAL VIA PRIVATE PLACEMENT WITHOUT PUBLIC OFFERING TO EXISTING SHAREHOLDER OYAK

• TOTAL NUMBER OF SHARES TO BE BASED ON SHARE SALE PRICE, WITH TOTAL PROCEED TARGETED TO BE 2.4 BLN LIRA

• CAPITAL RAISE AIMS TO REDUCE INDEBTEDNESS AND STRENGTHEN COMPANY'S FINANCIAL STRUCTURE

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