Related Companies
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Related Funds
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English
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oda_NoncurrentFinancialAssetSaleAbstract|
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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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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForSale|
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26/10/2018
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TitleOfNoncurrentFinancialAssetSold|
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Azerinteltek QSC ("Azerinteltek")
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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Information and entertainment services
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oda_CapitalOfNoncurrentFinancialAssetSold|
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AZN 100,000
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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The negotiations with respect to the share purchase agreement are ongoing.
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oda_SalesConditions|
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Henüz Belli Değil (Not Determined Yet)
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oda_NominalValueOfSharesSold|
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AZN 51,000 (Inteltek?s stake)
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oda_SalesPricePerShare|
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EUR 383
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oda_TotalSalesValue|
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EUR 19,530,177
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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28.07%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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0%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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0%
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.02%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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The negotiations with respect to the share purchase agreement are ongoing.
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oda_EffectsOnCompanyOperations|
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The parent-subsidiary relationship will cease.
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oda_ProfitLossArisedAfterTransaction|
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The negotiations with respect to the share purchase agreement are ongoing.
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oda_HowWillSalesProfitBeUsedIfExists|
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-
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_TitleNameSurnameOfCounterPartyBought|
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Baltech Investment LLC
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
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One of the other two shareholders of the financial asset sold
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Peer Company and trading multiples
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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 the legislation.
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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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Within the scope of the resolution of our Company's Board of Directors dated October 26, 2018;
Our Company's 55% owned subsidiary İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek") is to transfer all of its shares held in its 51% owned subsidiary Azerinteltek QSC ("Azerinteltek") with a nominal value of AZN 51,000 to Baltech Investment LLC, shareholder of Azerinteltek with a 24.5% shareholding, for a total consideration of EUR 19,530,177. The negotiations with respect to the share purchase agreement are ongoing and developments will be disclosed to the public. |
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.