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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Evet (Yes)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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08/04/2024
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Cylinda AB
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Sales, marketing and distribution of white goods
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oda_CapitalOfNoncurrentFinancialAsset|
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25.000 SEK
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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The transaction is planned to be completed upon obtaining the necessary legal permissions and following the share transfer.
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oda_AcquisitionConditions|
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Peşin (Cash)
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oda_DetailedConditionsIfItIsATimedPayment|
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-
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oda_NominalValueOfSharesAcquired|
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25,000 SEK
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oda_PurchasePricePerShare|
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It will be determined at the closing.
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oda_TotalPurchasingValue|
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It will be determined at the closing.
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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Not Determined Yet
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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Not Determined Yet
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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Not Determined Yet
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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Not Determined Yet
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oda_EffectsOnCompanyOperations|
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It is expected to have a positive impact on Company's operations.
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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Elektroskandia Sverige AB
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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08/04/2024
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Determined via negotiations.
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Not required by regulations.
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In accordance with our Company's brand-oriented, strategic global growth objective, a Share Purchase Agreement is executed on 8 April 2024 (today) between Vestel Holland B.V., a 100% indirect subsidiary of our Company and Elektroskandia Sverige AB to acquire all of the 25,000 shares with a nominal value of 1 Swedish Krona (SEK) each, representing the share capital of Cylinda AB, which operates in the white goods sector and registered with Swedish Companies Registration Office under the registration number 559450-8375, provided that the required legal clearance is obtained from the Swedish Competition Authority and payment of the share purchase amount to be adjusted according to the terms and conditions of the share purchase agreement is made on the closing date. This strategic investment will help our Company achieve its long-term target of sustainable growth and contribute to increasing its market share in Northern European countries in particular. Due to the uncertainty surrounding the transaction until the negotiations between the parties regarding the share purchase are concluded with the execution of the Share Purchase Agreement, in order to avoid misleading investors and adversely affecting our Company's bargaining power and activities, particularly in terms of competition laws, the disclosure of such information has been postponed as per the Company's Board of Directors resolution dated 14.11.2023 and numbered 2023/46 within the scope of Article 6 of the Capital Markets Board's Communiqué on Material Events Disclosure.
This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.