The Turkish General Directorate of Civil Aviation approval for the proposed merger announced in our material event disclosure dated September 4, 2018 was received on September 19, 2018 and the Capital Markets Board approval for the merger notice and the issuance certificate for the proposed capital increase as part of the merger was received on November 8, 2018. A translation of the relevant announcement in the Capital Markets Board Bulletin dated November 8, 2018 and numbered 2018/49 is provided belo
"The Board resolved to approve the notice for the proposed acquisition by merger of IHY İzmir Havayolları Anonim Şirketi (IzAir), 98,63% of its share capital and 99,24% of its voting rights held by Pegasus Hava Taşımacılığı A.Ş. (Pegasus), by Pegasus, in accordance with the simplified merger method, the issuance certificate for the issuance of shares representing the increased capital of Pegasus as a result of the merger and to provide its consent to the proposed amendments to the articles of association regarding the company capital."
This Material Event Disclosure is prepared in Turkish and English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.