|
||||||||||
|
||||||||||
|
||||||||||
Additional Explanations
|
||||||||||
The Board of Directors of Sabancı Holding have adopted the following resolutions in its meeting dated November 9, 2021:
For the purposes of supporting price performance of SAHOL shares in the equity market, and hence reducing the net asset value discount by bringing SAHOL shares closer to its fair value, and providing shareholders with a more attractive long-term investment opportunity;
-
A share buy-back shall be initiated pursuant to the Capital Markets Board's Communiqué on Share Buy-Back No. II-22.1 and the related announcements dated July 21, 2016 and July 25, 2016;
-
Up to 10,200,000,000 shares with a nominal value of TRY 102,000,000 representing approximately 5% of Sabancı Holding's issued share capital shall be repurchased;
-
Total maximum funds allocated for share buy-back transactions shall be determined as TRY 1,750,000,000;
-
The share buy-back shall be put on the agenda of the first following general assembly meeting, and shall be presented to the information and approval of the shareholders at the general assembly.
In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.
|
||||||||||
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.