Home > Insider Trading > Filing (0001140361-23-027067)

Filing Details

Accession Number:: 0001140361-23-027067
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-26 17:41:58
Reporting Period:: 2023-05-26

Accepted Time:: 2023-05-26 17:41:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1575051	Sisecam Resources Lp	SIRE	Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)	462613366

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1656362	Turgay Ciner	Pasalimani Caddesi, No: 73 34670 Pasalimani, Uskudar Istanbul W8	No	No	No	No
1656373	Sirketi Anonim Madencilik Ve Enerji Akkan	Sehitmuhtar Cad., 38/1 Taksim, Beyoglu Istanbul W8	No	No	No	No
1656707	Ciner Enterprises Inc.	124 East 55Th St New York NY 10022	No	No	No	No
1684240	Ltd Soda Kew	23 College Hill London X0 EC4R 2RP	No	No	No	No
1684246	Ltd Soda We	23 College Hill London X0 EC4R 2RP	No	No	No	No
1901001	Sisecam Chemicals Usa Inc.	C/O Sisecam Resources Lp Five Concourse Parkway, Suite 2500 Atlanta GA 30328	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	Acquisiton	2023-05-26	5,257,749	$25.00	19,808,749	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes

Footnotes

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)
(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.
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.
Each of the Reporting Persons may be deemed to be a member of a "group" for purposes of Section 13(d) of The Securities Exchange Act of 1934. Each of the Reporting Persons (other than SCW), disclaims beneficial ownership of the securities held by SCW, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than SCW) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.