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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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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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05.03.2019, 31.03.2020, 31.12.2020
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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05/03/2019
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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United LPG Ltd.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Liquid Petroleum Gas (LPG) supply, filling and distribution
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oda_CapitalOfNoncurrentFinancialAsset|
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100.000.000 Taka (approximately 1.210.000 USD)
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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20.01.2021
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oda_AcquisitionConditions|
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Peşin (Cash)
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oda_DetailedConditionsIfItIsATimedPayment|
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-
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oda_NominalValueOfSharesAcquired|
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50.000.000 TK (Taka)
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oda_PurchasePricePerShare|
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Nominal value
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oda_TotalPurchasingValue|
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50.000.000 Taka (approximately 605.000 USD)
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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50%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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50%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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50%
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0,05%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0,03%
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oda_EffectsOnCompanyOperations|
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Within the scope of our business development process, it is expected to benefit our growth strategy abroad.
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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United Enterprises & Co. Ltd
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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No relationship
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oda_AgreementSigningDateIfExists|
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05/03/2019
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Non-mandatory
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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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On 5 March 2019, it was announced that Share Purchase Agreement was signed between Aygaz A.S (‘Buyer') and United Enterprises & Co. Ltd.(‘Seller') ,where Aygaz A.Ş. shall buy 50% of the shares of United LPG Ltd of United Enterprises & Co. Ltd., in order to establish a partnership (‘Joint Venture Company') and to make the necessary investments with United Group in Bangladesh based on the principles of equal management and to operate in LPG supply, filling and distribution in the Bangladesh market. At this stage, with the fulfillment of all the conditions precedents set forth in the Share Purchase Agreement, the transfer of shares and payment are completed, following the payment of 50.000.000 Taka (approximately 605.000 USD) to the Seller in cash and in advance. The Shareholders Agreement which regulate the rights of the Buyer and the Seller, Land Lease Agreement for one of the regions where Joint Venture Company will operate and Throughput Agreement included in the Share Purchase Agreement are signed and came in to force. It was decided that the Joint Venture Company shall be named United Aygaz LPG Ltd. and the board of directors to be composed of 6 members in total, 3 members to represent Aygaz A.S and 3 members to represent United Enterprises & Co. Ltd. The schedule for the capital increases specified in the disclosure on 5 March 2019 will be realized within the scope of financing the investments of the Joint Venture Company, following the fulfillment of the necessary conditions in the Shareholders Agreement. Important developments regarding the subject will be shared with our investors.
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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.