Ciner Turgay's Form 4 filing
Sisecam Resources LP (SIRE) · filed May 26, 2023
- Accession no.
- 0001140361-23-027067
- Filed
- May 26, 2023, 5:41 PM ET
- Trade date
- May 26, 2023
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market purchases total $131.4M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Ciner TurgayCIK 0001656362 | 10% Owner, Other: See Remarks |
| Akkan Enerji ve Madencilik Anonim SirketiCIK 0001656373 | 10% Owner, Other: See Remarks |
| Ciner Enterprises Inc.CIK 0001656707 | 10% Owner, Other: See Remarks |
| Kew Soda LtdCIK 0001684240 | 10% Owner, Other: See Remarks |
| We Soda LtdCIK 0001684246 | 10% Owner, Other: See Remarks |
| Sisecam Chemicals USA Inc.CIK 0001901001 | 10% Owner, Other: See Remarks |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Sisecam Chemicals Wyoming LLC ("SCW") acquired beneficial ownership of the common units representing limited partner interests ("Common Units") in the Issuer reported herein at the Effective Time (as defined below) of the merger (the "Merger") of Sisecam Chemicals Newco LLC, a Delaware limited liability company ("Merger Sub"), with and into the Issuer, with the Issuer surviving the merger and continuing to exist as a Delaware limited partnership directly and wholly owned by SCW. The Merger was effected pursuant to the Agreement and Plan of Merger, dated as of February 1, 2023 (the "Merger Agreement"), by and among the Issuer, Merger Sub and the other parties thereto. The Merger closed and was effective on May 26, 2023 (the "Effective Time"). (continued on footnote 2)
Referenced by the price of 1 transaction in Table I.
- F2
(Continued from footnote 1) In connection with the closing of the Merger, the Issuer (i) notified the New York Stock Exchange (the "NYSE") that the Certificate of Merger relating to the Merger had been filed with the Secretary of State of the State of Delaware and effective as of the Effective Time and (ii) requested that the NYSE file a Notification of Removal from Listing and/or Registration on Form 25 with the Securities and Exchange Commission ("SEC") to delist and deregister the common units under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The trading of common units was suspended before the opening of trading on May 26, 2023. Additionally, the Issuer intends to file a certification on Form 15 under the Exchange Act with the SEC requesting the suspension of the Issuer's reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.
Referenced by the price of 1 transaction in Table I.
- F3
SCW is a direct wholly-owned subsidiary of Sisecam Chemicals Resources LLC ("SCR"). SCR is 60% owned by Sisecam Chemicals USA Inc. ("Sisecam USA") and 40% owned by Ciner Enterprises Inc. ("Ciner Enterprises"). Sisecam USA is a direct wholly-owned subsidiary of Turkiye Sise ve Cam Fabrikalari A.S, a Turkish corporation ("Sisecam Parent") which is an approximately 51%-owned subsidiary of Turkiye Is Bankasi Turkiye Is Bankasi ("Isbank"). Ciner Enterprises is a direct wholly-owned subsidiary of WE Soda Ltd., a U.K. Corporation ("WE Soda"). WE Soda is a direct wholly-owned subsidiary of KEW Soda Ltd., a U.K. corporation ("KEW Soda"), which is a direct wholly-owned subsidiary of Akkan Emerji ve Madencilik Anonim Sirketi ("Akkan"). Akkan is directly and wholly-owned by Mr. Turgay Ciner, the Chairman of the Ciner Group ("Ciner Group"), a Turkish conglomerate of companies.
Referenced by the price of 1 transaction in Table I.