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English
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oda_NoncurrentFinancialAssetSaleAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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13.09.2019
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForSale|
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12/09/2019
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TitleOfNoncurrentFinancialAssetSold|
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Air Manas Air Company LLC (Kyrgyzstan)
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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Scheduled and Unscheduled Air Transport.
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oda_CapitalOfNoncurrentFinancialAssetSold|
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12,425,000 KGS
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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14.10.2019
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oda_SalesConditions|
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Peşin (Cash)
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oda_NominalValueOfSharesSold|
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6,088,250 KGS
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oda_SalesPricePerShare|
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EUR 2,019 (represents the price per 1% participation interest)
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oda_TotalSalesValue|
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EUR 98,918
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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49
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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0
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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0
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0,2
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0,01
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oda_EffectsOnCompanyOperations|
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No material impact.
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oda_ProfitLossArisedAfterTransaction|
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To be calculated in the Financial Statements as of 30.09.2019.
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oda_HowWillSalesProfitBeUsedIfExists|
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To be used for general corporate use in accordance with Article 5/1-e of the Turkish Corporate Tax Law.
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_TitleNameSurnameOfCounterPartyBought|
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AviaTrade Corp. LP
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
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None.
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oda_AgreementSigningDateIfExists|
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12/09/2019
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Direct negotiations.
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Not required.
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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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In our previous Material Event Disclosure dated September 13, 2019, we had announced that, pursuant to the resolution of our Board of Directors dated September 12, 2019, the Company executed an agreement with the same date with AviaTrade Corp. LP operating in the United Kingdom for the sale of our entire 49% participation interest in our subsidiary Air Manas Air Company LLC operating domestic scheduled flights in the Kyrgyz Republic; that Air Manas is fully consolidated by the Company and the transaction is not expected to have a material impact on our operations or financial results and that the share transfer shall be consummated upon registration of the sale with the authorities in the Kyrgyz Republic. Registration of the sale and share transfer have been completed as of October 14, 2019 and registration certificate has been received on October 15, 2019. Material Disclosure Announcement has been prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will 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.