Third Week (18 - 24 April 2016)

9<
TABOGLU & DEMIRHAN
Newsletter
18 April 2016 – 24 April 2016
“ 16
Volume 15, Issue
cont’d.
CAPITAL MARKETS UPDATES

As per the Weekly Bulletin of the Capital
Markets Board, Halk Gayrimenkul Yatirim
Ortakligi has applied to the Board to
increase its share capital by TL 47 million.
It has been further stated that the increased
amount is planned to be met from the
dividend entitlements of the shareholders.

As per the Weekly Bulletin of the Capital
Markets Board, Denge Yatirim Holding has
applied to the Board to increase its share
capital by TL 3 million. It has been further
stated that the increased amount is planned
to be met from the internal resources.



Highlights
a. Capital
Updates
Markets
b. Competition
Highlights
c. Other News

In line with the Weekly Bulletin of the
Capital Markets Board, Pinar Su Sanayi ve
Ticaret has applied to the Board for the
increase of its share capital through rights
issues by TL 31,973,363.175.
Pursuant to the Weekly Bulletin of the
Capital Markets Board, Varyap Varlibaslar
Yapi Sanayi Turizm Yatirimlari Ticaret ve
Elektrik Uretim has applied to the Board for
the issuance of debt instruments in the
amount of TL 100 million. Accordingly,
the debt instruments of the Company are
planned to be sold through private
placement or to qualified investors.
In line with the Weekly Bulletin of the
Capital Markets Board, Finans Faktoring
has applied to the Board for the issuance of
debt instruments in the amount of TL
91,828,000.
Accordingly, the debt
instruments of the Company are planned to
be sold through private placement or to
qualified investors.
In line with the Weekly Bulletin of the
Capital Markets Board, Akdeniz Faktoring
has applied to the Board for the issuance of
debt instruments in the amount of TL 100
million. Accordingly, the debt instruments
of the Company are planned to be sold to
qualified investors.
cont’d.

As per the Weekly Bulletin of the Capital
Markets Board, the Board has approved the
issuance certificate of Orfin Finansman for
the issuance of debt instruments with a
nominal issuance limit of TL 450 million. It
has been further noted that the debt
instruments will be sold to qualified
investors.

As per the Weekly Bulletin of the Capital
Markets Board, the Board has approved the
issuance certificate of YDA Insaat Sanayi
ve Ticaret for the issuance of debt
instrument with a nominal issuance limit of
TL 450 million. It has been further noted
that the debt instruments will be sold to
qualified investors.

As per the Weekly Bulletin of the Capital
Markets Board, the Board has granted its
approval to the establishment of mutual
pension funds of Vakif Emeklilik, namely
Vakif Emeklilik Anonim Sirketi Pera 1
Grup Degisken Emeklilik Yatirim Fonu,
Vakif Emeklilik Anonim Sirketi Pera 2
Grup Degisken Emeklilik Yatirim Fonu,
and Vakif Emeklilik Anonim Sirketi Pera 3
Grup Degisken Emeklilik Yatirim Fonu.

Pursuant to the Weekly Bulletin of the
Capital Markets Board, the Board has
approved the indirect change in the
shareholding structure of Finans Portfoy
Yonetimi which will be arisen upon the
prospective transfer in Finansbank shares.

As per the Weekly Bulletin of the Capital
Markets Board, the Board has approved the
liquidation of TEB Portfoy Yonetimi Hedge
Umbrella Fund, which is established by
TEB Portfoy , upon the Company’s request.

Pursuant to the Weekly Bulletin of the
Capital Markets Board, the Board has
approved the merger of Fokus Portfoy First
Variable Fund and Fokus Portfoy Second
Variable Fund under Fokus Portfoy First
Variable Fund.
cont’d.
Page 2
cont’d.





The aim of this weekly
newsletter is to highlight
mainly the regulatory
changes made by the
Turkish
Government
during the relevant week.
The content of this bulletin
is limited to those areas
Taboglu & Demirhan
advises its clients.
It
contains
a
general
summary of the changes
and the areas it covers are
broader. Thus, one should
not rely on it for specific
advice.
For further
information or advice
please contact Taboglu &
Demirhan, a full-service
law firm based in Istanbul.
cont’d.
Pursuant to the announcement of Verusa 
Holding made in the Public Disclosure
Platform, the Company has applied to the
Capital Markets Board to increase its share
capital through bonus issues from TL 20
million to TL 70 million within the
registered capital ceiling of the Company,
which is TL 300 million.

Pursuant to the announcement of Anadolu
Hayat Emeklilik made in the Public
Disclosure Platform, the Capital Markets
Board has approved the increase of the
Company’s registered share capital ceiling
from TL 450 million to TL 900 million.
Pursuant to the announcement of Yapi Kredi
Finansal Kiralama made in the Public
Disclosure Platform, the Capital Markets
Board has approved the issuance certificate
of the Company for the issuance of bonds 
and/or commercial papers with the total
nominal value of TL 1.5 billion.
In line with the announcement made in the
Public Disclosure Platform, the bond
issuance of Eko Faktoring amounting to TL
19 million with 175 days maturity has been
completed on 22 April 2016. It is further
stated that the bonds are sold to qualified 
investors.
In line with the announcement made by
Gozde Girisim Sermayesi Yatirim Ortakligi
in the Public Disclosure Platform, the
Company has applied to the Capital Markets
Board for the public offering of the shares of 
Polinas Plastik Sanayi ve Ticareti through
share capital increase of which is an affiliate
of Ismet Ambalaj Yatirimlari, which is a
subsidiary of the Company under its sole
control.
As per the statement made by Ak Yatirim
Menkul Degerler in the Public Disclosure
Platform, the Company has completed the
issuance of debt instruments having a
nominal value of TL 1 million.
COMPETITION HIGLIGHTS
Pursuant to the announcement published in
the official website of the Competition
Authority, an application has been made
before the Competition Board (i) for the
acquisition of 50% of the share capital of
Kiraz Enerji Yatirim Uretim ve Ticaret by
Akinal Enerji Uretim ve Yatirim; and (ii) for
the acquisition of 50% of the share capital
Turkerler Jeotermal Enerji Arama ve Uretim
by Akinal Sentetik Tekstil Sanayi ve
Ticaret.
Pursuant to the dailies, TTNET and Turk
Telekomunikasyon have provided their
verbal statements to the Competition Board
with regards to the claim alleging that they
have violated the Competition Law
numbered 4054.
OTHER NEWS
As per the dailies, Bilgin Grup Dogalgaz, a
subsidiary of Bilgin Enerji Yatirim Holding,
has become a shareholder in Genel Energy
Plc, a London based company active in
energy sector, by way of acquiring 10.5% of
its shares.
In line with the dailies, the engagement
letter which was previously signed by and
between Reysas GYO and Dumankaya
concerning the project for construction of a
residential area has been terminated by
Reysas GYO.
cont’d.
TABOGLU & DEMIRHAN
Attorneys
at Law
cont’d
Levent Cad. No. 9
1. Levent, 34330, Istanbul, Turkey
E-MAIL: [email protected]
www.taboglu.av.tr
PHONE: (212) 339 8800
FAX: (212) 339 8899