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English
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oda_MaterialEventDisclosureGeneralAbstract|
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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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14.08.2015
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In our disclosure dated 14 August 2015, it was announced that Goldman Sachs International ("Goldman Sachs") and JP Morgan Securities PLC, have jointly structured a transaction in which Goldman Sachs has subscribed for 890.574.713 newly issued ordinary shares corresponding to 13% of the total issued share capital (post-money) of our controlling shareholder SOCAR Turkey Enerji A.Ş. ("STEAŞ"), a subsidiary of the State Oil Company of the Azerbaijan Republic ("SOCAR"), for a total consideration of USD1.3 billion while simultaneously entering into six year put option transactions with each of STEAŞ and Sermaye Investments Limited ("SIL"), a subsidiary of SOCAR. Our Company is informed by our controlling shareholder STEAŞ that the transaction regarding the purchase of the shares mentioned above totalling to 890.574.713 corresponding to approximately 13% of STEAŞ by SIL is completed and that SOCAR's direct and indirect ownership in STEAŞ has risen from 87% to 100%. |
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.