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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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15.12.2017
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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15/12/2017
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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International Biscuits Company (A Limited Liability Company)
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Consumer Goods and Packaged Food
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oda_CapitalOfNoncurrentFinancialAsset|
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25.000.000 Saudi Arabia Riyal / 6.666.666 US DOLLAR
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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23.05.2018
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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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25.000.000 Saudi Arabia Riyal / 6.666.666 US DOLLAR
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oda_PurchasePricePerShare|
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6,0 US DOLLAR
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oda_TotalPurchasingValue|
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40.000.000 US DOLLAR
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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2,1
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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4,0
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oda_EffectsOnCompanyOperations|
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Expecting a positive contribution in international markets
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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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UB Group Limited
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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Same Parent Company
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oda_AgreementSigningDateIfExists|
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15/12/2017
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Mutually agreed value derived from Discounted Cash Flow Analysis
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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-
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oda_DateAndNumberOfValuationReport|
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21/08/2017
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oda_TitleOfValuationCompanyPreparedReport|
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Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Member of KPMG International).
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oda_ValueDeterminedInValuationReportIfExists|
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According to the valuation report, the enterprise value of the company was calculated between USD 47 - 67 million and the parties have mutually agreed on the enterprise value of USD 56 million. The equity value is calculated as USD 40 million by deducting net debt amount from the enterprise value at the date of the contract.
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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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As announced on the material disclosure dated December 15, 2017, it was decided to purchase the entire
International Biscuits Company (IBC) shares owned by UB Group Limited, and the application and permission
process for the share transfer transaction should be completed with the competent authorities of Saudi Arabia.
As of May 23, 2018, application and permission procedures were completed and 100% of IBC shares are
transferred to our company.
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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.