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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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03.06.2022
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Hayır (No)
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oda_ExplanationSection|
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In the material event disclosure made by our company on 3 June 2022, it was announced that the tender for "the sale of immovable properties with a total area of 4,058,685.13 m2 located in Adana province, Yumurtalık district, Akyuva, Demirtaş and Hunutlu neighborhoods together with the structures on them" had been concluded in favor of our Company with a value of TRY 2,139,000,000.
Negotiations with the Privatization Administration of the Ministry of Treasury and Finance regarding purchasing transactions have been completed and the Sales Agreement has been signed on 15 August 2022 (today). 25% of the tender value amounting to TRY 534,750,000 has been paid in advance. The remaining part will be paid annually in 5 equal installments.
For the remaining part imposed to maturity, an indefinite letter of guarantee has been given amounting to TRY 2.326.162.500 in total which includes also the maturity difference.
An annual simple interest rate of 15% (carrying charge) will be applied to the unpaid tender value beginning from the contract date, and interest payments will be made on the same date as the installment payments.
The transactions for the title deed have been started and the said lands will be transferred to our company following the completion of the legal procedures.
In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation. |
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.