Related Companies
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Related Funds
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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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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_BoardDecisionDateForAcquisition|
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11/12/2018
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Power Generation
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oda_CapitalOfNoncurrentFinancialAsset|
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39,777,656 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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11.12.2018
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oda_AcquisitionConditions|
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Diğer (Other)
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oda_DetailedConditionsIfItIsATimedPayment|
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1,140,000 USD in cash, remaining 360,000 USD to be paid in 31.12.2019
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oda_NominalValueOfSharesAcquired|
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3,182,212
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oda_PurchasePricePerShare|
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2,49 TL
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oda_TotalPurchasingValue|
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7,921,500 TL (calculated via conversion of 1,500,000 USD into TL from Central Bank's indicative USD/TL rate for 11.12.2018)
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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8%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.51%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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-
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oda_EffectsOnCompanyOperations|
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No major impact
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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Alte Enerji A.Ş.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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Counter Party is minority partner in Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş.
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oda_AgreementSigningDateIfExists|
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11/12/2018
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Bargaining
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Counter Party is not a related party
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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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According to our Board of Directors Decision dated 11.12.2018, it has been decided to acquire Alte Enerji's 3.182.212 lot shares, each with a nominal value of 1 TL, (corresponding to 8% of Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş.'s paid in capital), in our 92% subsidiary Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş. for 1,500,000 USD (of which 1,140,000 USD paid in cash and remaining 360.000 USD to be paid in 31.12.2019). Above mentioned share acquisition transaction has been completed today and related share transfer has been realized. Accordingly, in line with Turcas Petrol A.Ş.'s strategy to focus onrenewable energy investments, Turcas Petrol A.Ş.'s stake in Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş. (owner and operator of geothermal power plant located in Aydın, Kuyucak with an installed capacity of 18 MW) has increased to 100% from 92% previously. Kind regards, |
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.