HBK plans to exercise AIR option
HBK plans to exercise AIR option
The following announcement was made by Garanti Bank’s majority shareholder Doğuş Holding A.Ş.: As per the announcements dated June 09, 2005 and November 22, 2005 regarding the purchase option granted by Doğuş Holding to HBK Master Fund L.P. (HBK) and the additional investment rights (AIR) for a tenure of 18 months, HBK has applied to Doğuş Holding to exercise the option for 15,000,000 YTL out of the 35,150,187 YTL AIR. In this respect, Doğuş has initiated the process at the Central Depositary to ensure that the AIR shares for which HBK has exercised its option are eligible for trading upon their delivery to HBK.