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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Hayır (No)
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Hayır (No)
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-
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Hayır (No)
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Due to the notification sent to our subsidiary Aygaz Doğalgaz Toptan Satış A.Ş.("ADG") by Akfel Gaz Sanayi ve Ticaret A.Ş. ("Akfel"),from which natural gas is suplied, it is summarized and indicated as: - The price revision arbitration process initiated by Gazprom Export LLC (Gazprom), which Akfel has imported natural gas, was concluded against Akfel and it was decided that the import price would be adjusted in favor of Gazprom with effect from 1.1.2017 and in this context, it was decided to abolish the discount applied to Akfel, - The change in the import price in accordance with the contract signed between Akfel and ADG will be reflected on the Natural Gas Price applied to ADG, effective from 1.1.2017, - In this context, the price determination mechanism in the contract will be revised according to the arbitration decision and the related amount of the debt and the related invoices will be sent separately, as the contract price is updated retroactively from 1.1.2017. Since the price revision will be made as of the date of 1.1.2017, the additional cost calculated for the past is estimated to be approximately 35 million US Dollars, and works have been started for all kinds of remedies including litigation and arbitration rights in order to eliminate the cost.
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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.