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[NATEN]
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English
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oda_NoncurrentAssetPurchaseAbstract|
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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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13.03.2021 - 31.03.2021
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_NatureOfNonCurrentAssetBought|
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Solar Power Plant
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oda_LocationAndAreaofNoncurrentAssetBought|
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Konya - Antalya - Ankara - Eskişehir - Adana - Muğla
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oda_BoardDecisionDateforPurchase|
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12.03.2021
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForPurchase|
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Yes
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oda_TotalPurchasingValue|http://www.xbrl.org/2003/role/verboseLabel
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61.000.000 EURO (71.571.300 USD)
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oda_RatioOfTransactionAmountToValueOfCompanyBasedOnTheMathematicalWeightedAverageOnADailyBasisSixMonthsPriorToDateOfBoardDecision|
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%34,26
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oda_RationofPurchasePriceToPaidInCapitalOfCompany|
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%823
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oda_RatioOfPurchasingValueToTotalAssetsinLatestDisclosedFinancialStatementsOfCompany|
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42,69%
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oda_RatioOfPurchasingValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
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54,46%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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365,96%
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oda_PurchasingConditions|
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All debts of the companies will be deducted from the total acquisition price
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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31.03.2021 - 28.05.2021
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oda_AimOfPurchaseAndEffectsOnCompanyOperations|
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expected to positively affect
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oda_CounterParty|
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Kinesis Enerji Yatırımları A.Ş. ve Hasan İnaloğlu
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_NatureofRelationWithCounterParty|
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Commercial
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oda_AgreementSigningDateIfExists|
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12/03/2021
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oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
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Not be used
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oda_ValueDeterminationMethodOfNoncurrentAsset|
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Negotiation method
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Prepared
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oda_DateAndNumberOfValuationReport|
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Dated 31.03.2021 and Numbered 2021 / 280 - 281 - 282 - 283 - 427 - 428 - 429 valuation report
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oda_TitleOfValuationCompanyPreparedReport|
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Net Kurumsal Gayrimenkul Değerleme ve Danışmanlık A.Ş.
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oda_ValueDeterminedInValuationReportIfExists|
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38.538.000 USD
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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Acquisition price is lower than the valuation reports.
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In line with the target of increasing Esenboğa Elektrik Üretim A.Ş.' investments in solar energy and its commitments to public offering, Margün Enerji Üretim Sanayi ve Ticaret A.Ş. (100% subsidiary of our company) and its' subsidiaries, Angora Elektrik Üretim A.Ş. and Bosphorus Yenilenebilir Enerji A.Ş. was signed a share transfer agreement with Kinesis Enerji Yatırımları A.Ş. and Hasan İnaloğlu to purchase a total of 39 solar power plants which were developed and established under the framework of the Licensed and Unlicensed Electricity Generation Regulation, where all revenues will belong to our company as of 01.01.2021. These solar power plants are in operation in Konya, Antalya, Ankara, Eskişehir, Adana ve Muğla provinces and their total installed power capacity is 61.68 MWp. The total price of this acquisition is 61.000.000 Euro (Sixty One Million Six Euro) and the remaining amount after deducting all bank and market debts of the purchased companies was completed by paying the share price. The loan debts of 6 companies with unlicensed power plants purchased were closed, and one of the licensed power plants was taken over with a loan debt of 13.196.064 Euro with a 9,5-year maturity. For 6 companies with purchased unlicensed power plants, a total of 31.000.000 Euro loan with an average maturity of 5.5 years was used, and the remaining 16.803.936 Euro was covered by equity. These power plants will sell their electricity for 10 years from the date of provisional acceptance with the price of 13.3 USDcent / kWh under the government purchase guarantee in accordance with the laws with the number 5346 and 6094. By the end of 2021, the approximate electricty generation of 102.150.000 kWh, sales revenue of USD 13.585.950 and net income of USD 12,760,000 are expected from these power plants. As result of this acquisition, the total installed solar power plant capacity of our company will increase by 110% to reach 118.03 MWp. The total annual electricity generation amount is expected to be approximately 190,096,750 kWh. Our company that is operating in the renewable energy sector; it is anticipated that the approximate annual sales revenue of 25,282,868 USD and net income of 23,580,000 USD to be obtained from solar power plant investments except domestic and international solar power plant project development and contracting services. As of the end of 31.12.2020, the total installed power of our company's SPP portfolio was 56.35 MWp. Within this year, our total SPP installed power will increase by approximately 400% and reach 275.53 MWp with the purchase of 61.68 MWp SPP and an additional 157.5 MWp project obtained from YEKA tenders, stated 27.05.2021 dated PDP statement, as the additional capacity increase of 219.18 MWp in total. It is announced to the public and our investors with 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.