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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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09.01.2018
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Hayır (No)
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Ref: 09.01.2018 Dated Public Disclosure On 09.01.2018 It was disclosed that; a share sale and transfer agreement (Agreement) was signed in order to acquire %30 shares of Rafineri Holding A.Ş. (Rafineri Holding) from STEAŞ with a purchase price of USD 720 million between our company and our main shareholder SOCAR Turkey Enerji A.Ş. (STEAŞ). With this agreement, our company will have %18 indirect share of STAR. Pursuant to the Agreement, it is envisaged that the purchase price of USD 720 million for %30 shares of Rafineri Holding A.Ş. is to be paid in three equal installments. First installment was made on 09.01.2018 and the second installment was made on 27.09.2018. Final installment shall be made on the date of transfer of shares which was defined as the Closing date. Last date for the Closing was determined as 31.03.2019. In order to further strengthen our company's cash position, as a result of negotiations with STEAŞ, a mutual understanding has been reached for determining the last date for Closing, and consequently the third installment payment last date, as 30.06.2020, and the Agreement has been amended in this respect. |
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.