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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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14/11/2018
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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-
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oda_TitleOfNoncurrentFinancialAssetSold|
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Anadolu Kafkasya Enerji Yatırımları A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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Production and transmission of electricity and establisment and operation of distibution facilities
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oda_CapitalOfNoncurrentFinancialAssetSold|
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TL.203,700,000
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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21.12.2018
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oda_SalesConditions|
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Peşin (Cash)
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oda_NominalValueOfSharesSold|
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TL.27,519,870
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oda_SalesPricePerShare|
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0,3634 cent
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oda_TotalSalesValue|
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USD 10,000,000
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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13.51
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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75.68
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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75.68
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.05
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0.31
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oda_EffectsOnCompanyOperations|
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-
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oda_ProfitLossArisedAfterTransaction|
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TL 26,657,130
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oda_HowWillSalesProfitBeUsedIfExists|
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75% of the profit from sales will be booked under equity to benefit from tax exemption.
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_TitleNameSurnameOfCounterPartyBought|
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Paravani Energy B.V.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
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The other shareholder of the financial asset sold
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oda_AgreementSigningDateIfExists|
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14/11/2018
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Sales price determined based on negotiations
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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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A share sales agreement has been signed with Paravani Energy B.V. (Paravani Energy) on 14.11.2018 regarding the sale of 13.51% portion of our shares in Anadolu Kafkasya Enerji Yatırımları A.Ş. (Anadolu Kafkasya) for an amount of USD 10 mn. The transfer will be done in one single cash payment on December 21, 2018. The parties have also reached consensus for the sale of another 14.19% portion for an amount of USD 10.5 mn until the end of 2019. Following the two transactions, our share in Anadolu Kafkasya will decrease from 89.19% to 61.49%. Meanwhile, Anadolu Kafkasya and Holland based Ricoti Energy B.V. (Ricoti), which is a related party of Paravani Energy, have also reached consensus regarding the transfer of 50% shares of TABA L.L.C. (TABA), Georgian based subsidiary of Ricoti, to Anadolu Kafkasya. TABA has plans to build a 20MW wind powered plant in Georgia.
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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.