Is CW Enerji (CWENE) planning a bonus issue? What will its capital be? What will the CWENE share price be after the split? Who owns CW Enerji?

WHEN IS THE CW ENERJI BONUS ISSUE?

The Capital Markets Board (SPK) approved CW Enerji's bonus issue application on November 28, 2024. In a statement made via the Public Disclosure Platform (KAP), the company announced the split date as December 4, 2024.

WHAT IS THE NEW CAPITAL AMOUNT?

CW Enerji (CWENE) will increase its company capital from 123.75 million TL to 1 billion TL through a 708.08% bonus issue.

All investors who hold CWENE shares in their portfolio until the split date will be able to benefit from the bonus issue.

With the share undergoing a 708.08% split, an investor holding 100 lots will have 808 lots.

WHAT IS THE NEW SHARE PRICE?

The rights exercise date for the 708.08% bonus issue of CW Enerji Mühendislik Ticaret ve Sanayi A.Ş. (CWENE) was announced as December 4, 2024. According to the Borsa Istanbul statement, the price adjustment to be made on the stock will be as follows;

CWENE 708.08% Bonus from Internal Resources, theoretical price after split: 26.161 TL

WHO OWNS CW ENERJI?

CW Enerji is a Turkish company operating in the renewable energy sector, and its Chairman of the Board, who is also the main shareholder, is Tarık Sarvan. 94% of the company's shares belong to Tarık Sarvan, and 6% belong to Volkan Yılmaz. Founded in Antalya in 2010, CW Enerji possesses one of the largest solar panel production facilities in Europe. It offers innovative solutions in many fields in Turkey, such as solar energy panels, energy storage systems, and solar power plants.

WHO IS TARIK SARVAN?

Tarık Sarvan is the Chairman of the Board and founder of CW Enerji. In 2010, he achieved a major breakthrough in the solar energy sector by moving his production facility in Germany to Antalya. CW Enerji currently possesses one of the largest solar panel production lines in Europe and exports to 57 countries. The firm is also the leading manufacturer in the field of solar energy in Turkey. Sarvan has provided employment for 1,000 people in the factory he established and has continuously increased the factory's production capacity.