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Hayır (No)
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The cases filed by our subsidiary İskenderun Demir ve Çelik A.Ş. (İsdemir) every month since 2012 in which İsdemir claims the cancellation and refund of the electricity and coke-oven gas consumption tax which is collected by the local municipality over the consumption amount of electricity and coke-oven gas produced at İsdemir facilities and also used for İsdemir industrial production had been resulted against İsdemir before the court of first instance and Council of State. Thereupon, İsdemir used its individual application right before the Constitutional Court on 15.01.2015. By the Constitutional Court General Assembly Resolution published in the Official Gazette dated 25.12.2018, it was resolved that İsdemir's proprietary right has been breached and the related cases should be retried to abolish the consequences of the breach. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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.