Related Companies
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[GOZDE]
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Related Funds
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[]
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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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09.11.2020, 04.01.2021, 15.01.2021, 29.01.2021, 03.02.2021
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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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04/01/2021
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Kümaş Manyezit Sanayi A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Industrial Products
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oda_CapitalOfNoncurrentFinancialAsset|
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550,000,000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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03.02.2021
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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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550,000,000 TL
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oda_PurchasePricePerShare|
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The price per share is USD 0.54. Its equivalent is TRY 3.84 calculated with 7.1372, which is the CBRT foreign exchange buying rate effective on 3 February 2021.
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oda_TotalPurchasingValue|
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Share price dated 03.02.2021, has been subjected to the final adjustment according to the financial statements prepared as of the date of transfer, and as a result of the adjustment, the final share value has been USD 295,943,244. Its equivalent is TRY 2,112,206,120 calculated with 7.1372, which is the CBRT foreign exchange buying rate effective on 3 February 2021.
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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3.75%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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6.47%
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oda_EffectsOnCompanyOperations|
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Meeting the industrial products needed in production processes within the framework of back integration strategies and making a strategic contribution to our sustainable growth targets.
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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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Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. sold 51% and Yıldız Holding A.Ş. sold 49% shares.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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04/01/2021
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation Method
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Preparation of a valuation report is not 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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It was announced in KAP material event disclosure by our Company on 03.02.2021 that transfer of shares representing 100% of total capital of Kümaş Manyezit Sanayi A.Ş. (and its subsidiaries) from Yıldız Holding A.Ş. ve Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. to our Company, was realized with total amount of USD 296,979,916 after considering the net debt amount and net working capital over an operating value of USD 340,000,000.
Share price dated 03.02.2021, has been subjected to the final adjustment according to the financial statements prepared as of the date of transfer, and as a result of the adjustment, the final share value has been USD 295,943,244.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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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.