Related Companies
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[DGGYO]
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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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07.03.2023
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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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07/03/2023
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Doğuş Gayrimenkul Yatırım Ortaklığı A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Managing a portfolio of real estate projects and real estate-based assets and rights
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oda_CapitalOfNoncurrentFinancialAsset|
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332,007,786.00 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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Completed
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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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310,931,093.577 TL
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oda_PurchasePricePerShare|
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16.46 TL
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oda_TotalPurchasingValue|
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5,117,925,800.28 TL
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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93.6517
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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93.6517
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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93.6517
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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24.7698
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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10.9401
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oda_EffectsOnCompanyOperations|
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Considering the development of the real estate sector in our country, we foresee that the real estate of Doğuş Gayrimenkul Yatırım Ortaklığı A.Ş., which we are currently tenanting, will have a positive impact on operational and financial goals of our automobile brands and that it will contribute to the growth of our companies by creating synergy with the real estate of Doğuş Otomotiv.
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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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Doğuş Holding A.Ş.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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Controlling Shareholder
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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The wholesale market value is calculated by applying a 10% discount rate over the stock market weighted average prices of the 10 business days before the application date.
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Since the subject company is traded in Borsa Istanbul, the value of the company in the Stock Exchange has been taken as a basis.
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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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The sale and transfer transactions regarding the purchasing of the shares of Doğuş Holding A.Ş., which represent 93.6517% of the total capital of Doğuş Gayrimenkul Yatırım Ortaklığı A.Ş., of which we are tenants, has been completed. The transaction was carried out within the scope of the Capital Markets Board legislation provisions and the purposes set forth in the Doğuş Otomotiv Servis ve Ticaret A.Ş.'s articles of association, and in accordance with the legal decisions of our Board members authorized by the Turkish Commercial Code. This decision was made considering the development of the real estate sector in our country and the positive impact it will have on the operational and financial targets of our automobile brands. Additionally, we expect this decision to create synergy with our company's real estate and contribute to the growth of our overall business. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the 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.