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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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06.08.2008
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oda_DelayedAnnouncementFlag|
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Evet (Yes)
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oda_ExplanationSection|
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It is mutually agreed by the related parties that duration of the ongoing royalty rights agreement between our Company and "Galatasaray Spor Kulübü Derneği and Galatasaray Sportif Sinai ve Tic. Yat. A.Ş." with the purpose of marketing, advertisement and promotion activities will cover the 2020-2021 football season and will end at the end of 2020-2021 football season. In accordance with this agreement our Company will pay TL 30 million for the 2020-2021 season. Until the ongoing commercial negotiations between the parties mentioned in this disclosure in relation to the subject of the agreement were concluded, in order to ensure that the legitimate interests of our Company and our investors are protected, the disclosure of insider information was decided to be postponed pursuant to Article 6 of the Material Events Disclosure Communiqué numbered II-15.1 by the Capital Markets Board (CMB). This disclosure is made pursuant to the relevant legislations, based on the fact that the reasons for postponement have been removed. |
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.