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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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17.04.2023, 18.04.2023
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Hayır (No)
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oda_ExplanationSection|
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Our application to the Capital Markets Board (CMB) in April for the public offering of GFS Holding Inc. (GFS Holding), a 100% subsidiary of our company, aimed at bringing the Articles of Association of GFS Holding in compliance with the Capital Markets legislation and transitioning to the registered capital system, was not approved by the CMB. The reasons for the disapproval were cited as GFS Holding's sole shareholder and one of its two subsidiaries being publicly traded, the current lack of activities outside of its two subsidiaries, the incomplete reflection of the 2021 activities in the year-end financial statements due to its establishment in late 2021, and the failure to meet a financial public offering criterion in the 2021 financial statements. The related letter regarding this decision was communicated to our company on 21.11.2023. After the preparation of GFS Holding's year-end financial statements for 2023, we believe that all the necessary financial criteria for the public offering will be met, and we are evaluating the necessary efforts to fulfill other requirements stated in the CMB's letter. In this regard, we would like to inform that our intention and determination for the public offering of GFS Holding continue. This statement has been 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. Respectfully announced to the public. |
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.