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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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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Evet (Yes)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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30.10.2018
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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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Share transfer will be completed in 6 months following the agreement.
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oda_SalesConditions|
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Peşin (Cash)
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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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Will be clarified following the closing.
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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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Will be clarified following the closing.
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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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15/11/2018
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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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Agreement with respect to the sale of the shares held by our Company's 55% owned subsidiary İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek") 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, has been signed on November 15, 2018. The transfer of shares is anticipated to be completed within 6 months. As purchase price will be paid in EUR terms at the date of share transfer, the respective ratios and information, which are to be calculated with the exchange rate as of the date of the share transfer, will be disclosed at respective date.
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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.