AB Novaturas completes capital increase after allocating 10,294,119 new shares

The travel company said 10,010,362 shares were allocated to Mr Neşet Koçkar, including shares taken up under pre-emptive rights and additional unsubscribed stock, with settlement expected around 21 July 2026.

Summary

AB Novaturas said its board has completed the company’s authorised capital increase after determining that 10,294,119 new shares were issued under shareholder resolutions approved at the repeated annual general meeting on 12 June 2026. The board said on 17 July 2026 that 10,010,362 of those shares were allocated to Mr Neşet Koçkar, including 3,436,477 shares taken up through his pre-emptive right and 6,573,885 shares subscribed from stock left untaken by other shareholders. The decision followed the company’s 30 June 2026 exemption document and a 15 July 2026 board resolution on allocating new shares to existing shareholders. Settlement of the new shares into existing shareholders’ securities accounts is expected on or about 21 July 2026.

Terms & Concepts
  • pre-emptive right: An existing shareholder’s right to buy newly issued shares before they are offered more widely.
  • authorised capital: The amount of share capital a company is permitted to issue under its corporate structure.
  • securities accounts: Accounts where investors hold financial instruments such as shares electronically.