Kontrolmatik Teknoloji Enerji ve Muhendislik ASBIST: KONTR

Kontrolmatik dips on share capital increase plans

· Issued by Kontrolmatik Teknoloji Enerji ve Muhendislik AS

On 6ix: 6ix.com/news/kontrolmatik-dips-on-share-capital-increase-plans

** Shares in Kontrolmatik BIST:KONTR drop around 7% after the company announced a share capital increase of 300%

** The Turkey-based engineering company said it decided to increase its share capital to 2.60 bln lira from 650 mln lira via rights issue

** Brokerage Deniz Yatirim says this may have a "limited negative impact on investor sentiment since it may cause additional cash outflows"

** Kontrolmatik's stock is at the bottom of Turkey's main BIST-100 BIST:XU100 index

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