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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Evet (Yes)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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16/04/2024
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Future Teknoloji Ticaret A.Ş. (İstegelsin)
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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E-commerce
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oda_CapitalOfNoncurrentFinancialAsset|
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228.717.547 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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16.04.2024
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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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1 TL
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oda_PurchasePricePerShare|
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0,961885 TL
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oda_TotalPurchasingValue|
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220.000.000 TL
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0,41%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0,17%
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oda_EffectsOnCompanyOperations|
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Expecting a positive contribution
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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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Future Star E Ticaret A.Ş.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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Related Party
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oda_AgreementSigningDateIfExists|
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16/04/2024
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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-
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oda_DateAndNumberOfValuationReport|
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16.04.2024/202401K12826979
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oda_TitleOfValuationCompanyPreparedReport|
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KPMG Management Consultancy Inc
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oda_ValueDeterminedInValuationReportIfExists|
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According to the valuation report the Company value is; based on the average of discounted cash flow and similar company multiplies methods, it was determined as 244.9 Million TL, which is the midpoint of the value range of 190.0 Million TL and 303.3 Million TL.
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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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According to the decision taken by the affirmative votes of the independent members at the meeting of our Board of Directors dated 16.04.2024 and numbered 2024/14; In order to contribute to the development of our Company, which is one of the leading players in the food retail industry, in the e-commerce channel and to improve its capabilities, it purchased the shares corresponding to 100% of the paid capital of Future Teknoloji Ticaret A.Ş., which has a significant brand awareness with the İstegelsin brand in this field. For the acquisition, a valuation study was carried out by KPMG Management Consultancy Inc. As a result of the valuation studies; According to the valuation report (valuation report) of KPMG Management Consultancy Inc. dated 16.04.2024 and numbered 202401K12826979, the Company value is; based on the average of discounted cash flow and similar company multiplies methods, it was determined as 244.9 Million TL, which is the midpoint of the value range of 190.0 Million TL and 303.3 Million TL. The transaction price has been determined as 220 Million TL by negotiation, including a 10% discount, based on the midpoint of the company value range determined in the valuation report; a share purchase agreement has been signed for the cash purchase of shares corresponding to 100% of the paid capital of Future Teknoloji Ticaret A.Ş. from Future Star E-Ticaret A.Ş. As of the date of signing the share purchase agreement, Future Teknoloji Ticaret A.Ş. has no financial debts. Due to the fact that the transaction in question could affect the investment decision and share value, it was postponed until there was a concrete development between the parties by the decision of the Board of Directors dated 26.01.2024 and numbered 2024/1, within the scope of Article 6 of the Capital Markets Board's Communiqué on Public Disclosures. |
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.