Merko Gida stock cancels planned rights issue amid market uncertainty
Published on 10/30/2026 at 00:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFinancing plan put on hold
- Merko Gida's board made the decision unanimously on October 19, 2026.
- The company will withdraw its SPK prospectus application and cancel the related use-of-proceeds report.
Merko Gida has cancelled its planned rights issue after the company's board concluded that continuing under the intended terms and timetable might not serve the interests of the company and its shareholders. Foreks reported the decision on October 20, citing a disclosure to KAP. The board resolution itself was dated October 19, 2026.
Planned equity financing withdrawn
The decision reverses a June 10 board resolution that had approved a capital increase against cash contributions. Merko Gida had subsequently filed an application for approval of the prospectus with the SPK on July 1.
The company now intends to withdraw that application and has also cancelled the related report on how the proceeds were to be used. Management was authorised to complete the required administrative and legal steps and make the necessary disclosures.
Market uncertainty cited
Merko Gida attributed the change to continuing uncertainty in the capital markets, unusual developments that limited predictability and volatility in financial conditions. The company said these factors made proceeding on the originally planned terms and schedule potentially unsuitable for the company and its shareholders.
For investors, the announcement removes the financing transaction as previously planned, but it does not by itself establish how the company's funding needs or strategic plans will develop. Further disclosures will be needed to assess any replacement financing approach.
Merko Gida financing decision
- Company: Merko Gida Sanayi ve Ticaret A.S.
- Board decision: October 19, 2026
- Report publication: October 20, 2026
- Cancelled transaction: Planned capital increase against cash contributions
- Related actions: Withdrawal of the SPK prospectus application and cancellation of the use-of-proceeds report
The financing decision should be considered separately from day-to-day trading in Merko Gida stock. Investors should distinguish the dated board decision from any later market developments and await subsequent company disclosures for evidence of a new funding plan.
