DowAksa Advanced Composites Holdings BV Capital Payment 28.04.2017

Is this Explanation an Update?

No

Is this Explanation a Correction?

No

Date of the Previous Explanation about the Matter

-

Is this a Postponed Explanation?

No

In compliance with the Section 2 captioned 'Additional Capital Funding' of the Side Agreement of the Subscription and Shareholders Agreement executed by and among our Company, Dow Europe Holding BV ("Dow") and DowAksa Advanced Composites Holdings BV ("DowAksa"), our Company and Dow mutually agreed to provide a cash capital of USD 10 (ten) million to DowAksa for the time being, with the payment to be made equally and simultaneously, as the result of negotiations with Dow, considering investment expenditures related t strategic planning of DowAksa; accordingly, it was decided to pay the USD 5 (five) million share of our Company in contribution to the total capital of USD 10 (ten) million, on 28thof April 2017.

Submitted to the public information. Yours Respectfully

ŞİRKETE ÖZEL

Aksa Akrilik Kimya Sanayii A.Ş.

Aksa Akrilik Kimya Sanayii AS published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 May 2017 15:42:17 UTC.

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