Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
English
|
|||||||||
|
|||||||||
oda_MaterialEventDisclosureGeneralAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Evet (Yes)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
-
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
You may find below the disclosure that was transmitted to us from our shareholder, Mayhoola For Investments LLC, in order to be disclosed to the public: "On November 13, 2018, Mayhoola For Investments LLC ("Mayhoola") disclosed the execution of a share sale and purchase agreement ("Agreement") with İstanbul Portföy Yönetimi A.Ş. (acting for İstanbul Portföy Ark II Serbest Fon) as the seller. Mayhoola also disclosed that within the scope of the Agreement, upon the closing and settlement of the Transaction, Mayhoola will acquire shares of Boyner Perakende ve Tekstil Yatırımları A.Ş. ("BOYP") corresponding to a total nominal value of TL 29,043,709 (representing 11.27% of the capital of BOYP) in consideration for TL 117,046,147.27 (the "Transaction"). As of November 15, 2018, the settlement and execution of the Transaction is completed and Mayhoola acquired 29,043,709 BOYP shares from İstanbul Portföy Ark II Serbest Fon in consideration for TL 117,046,147.27. As a result of the Transaction, Mayhoola's shareholding in BOYP increased from 42.68% to 53.95% triggering the execution of a mandatory tender offer under Article 26 of the Capital Markets Law and the Tender Offer Communiqué (II-26.1). No amendments have been made to the Shareholders' Agreement between Boyner Holding A.Ş. and Mayhoola dated 29 April 2015, as amended on 9 March 2017 and 21 June 2017. Mayhoola will not apply to the Capital Markets Board of Turkey for an exemption from the mandatory tender offer requirement, and will take the necessary actions to proceed with a timely execution of the mandatory tender offer. Accordingly, we plan to apply to the Capital Markets Board of Turkey within six business days. The execution of the mandatory tender offer is subject to the approval of the Capital Markets Board of Turkey. The price per one round lot of 100 BOYP shares with a total nominal value of TL 1.00 at the Transaction was TL 4.0300, and the arithmetic average of the daily weighted average adjusted stock price in the six months preceding the disclosure of the execution of the Agreement is TL 7.4894 per one round lot of BOYP shares. Except for the Transaction, Mayhoola did not purchase any BOYP stock in the past six months. Accordingly, subject to the approval of the information memorandum relating to this topic by the Capital Markets Board of Turkey, the MTO price is currently contemplated to be TL 7.4894 one round lot of BOYP shares. Mayhoola will continue to inform our investors on the developments relating to the mandatory tender offer process and any other related aspects."
This statement has been 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. |
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.