The proposed acquisition by merger of our subsidiary IHY İzmir Havayolları Anonim Şirketi (IzAir) by our Company Pegasus Hava Taşımacılığı A.Ş. (Pegasus), in accordance with the simplified merger method, approved by the General Directorate of Civil Aviation and the Capital Markets Board, the merger agreement between the two entities and the conclusion of merger transactions by way of registration of the merger with the relevant Trade Registries have been approved by the Boards of Directors of the two entities on 13.12.2018.
The dates for the exercise of exit rights by IzAir shareholders will be determined based on the actual date of registration of the merger and a separate disclosure will be published on the Public Disclosure Platform (KAP) regarding the details for the exercise of IzAir shareholders' exit rights.
This Material Event Disclosure is prepared in Turkish and English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.