CHANGES WITHIN THE REPORT PERIOD
Increase in the Share Capital
The paid-in capital of the Company has been increased from 389.000 thousand TL to 424.365 thousand TL, with a portion of 35.365 thousand TL funded by 2012 profit shares allocated in the form of share certificates in line with the 2012 yearly profit distribution proposal approved by shareholders in the Annual General Assembly held on 28 March 2013, and the capital increase processes have been completed on 25 June 2013.
Annual General Assembly Held Within the Period
The Company's 2012 Annual General Assembly has been held at the Company headquarters on 28 March 2013. The meeting has been held with participation of shareholders representing a total capital of 230.6 million TL, corresponding to 59.3% of total capital of 389 million TL of the Company. In the meeting, the motions filed by the shareholders with respect to the agenda topics have been approved in unanimity.
According to the profit distribution table approved by the General Assembly , it is decided that out of 40.805 thousand TL net profit of the period calculated pursuant to the laws and regulations of the Capital Markets Board, a first rank of legal reserve funds of 1.861 thousand TL calculated over 37.226 thousand TL profit included in the legal records of the Company be set aside, and the donations of 26 thousand TL made during the year be added there to, and out of the resulting net distributable profit of the period of 38.970 thousand TL, an amount of 35.365 thousand TL be fully allocated and distributed as first dividends to the shareholders in the form of bonus shares, and the remaining amount of 3.605 thousand TL be set aside as extraordinary reserves, and also that the deferred tax expenses of 21.146 thousand TL included in the consolidated net profit of the period of the Company be set off from the deferred tax reserves which are composed of the deferred tax income of the Company in the previous periods and cannot be distributed, and the resulting amount be transferred to extraordinary reserves account. Distribution of bonus shares has been completed on 25 June 2013.
Changes in Articles of Association
In the General Assembly held on 28 March 2013, articles 1., 3., 4., 6., 7., 8., 9., 10., 11., 12., 13., 14., 15., 16., 18., 20., 21., 22., 23., 24., 25., 27., 28., 34., 35. and 36 of the Corporate Articles of Association were modified, and aticles 19., 26., 29., 30., 31., 32. and 33 of the Corporate Articles of Association was removed from Articles of Association. The General Assembly was registered on 15 April 2013 and Articles of Association was published in the Company's internet website.
Change of Board Members
At the board meeting held on 30 July 2013, Mrs. Z. Hansu UÇAR was elected as a member of board of directors, corporate governance committee and risk management committee, following the resignation of Mr. M. Armağan SARAÇOĞLU.
At the board meeting held on 19 November 2013, Mr. Ünal ÇAKMAK was elected as a member of board of directors, following the resignation of Mrs. Ayşe Gülenç TUNA.