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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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16/08/2018
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Advanced Honeycomb Technologies Corporation ("AHT")
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Composite Materials
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oda_CapitalOfNoncurrentFinancialAsset|
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It has no capital due to its sole proprietorship structure.
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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01.10.2018
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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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It has no capital due to its sole proprietorship structure.
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oda_PurchasePricePerShare|
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-
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oda_TotalPurchasingValue|
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USD 3.180.871,95
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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Indirectly 100%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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Indirectly 100%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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After the transfer of shares, Kordsa Inc. has 100% direct voting right in AHT. Our Company has 100% voting right in this company indirectly.
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0,1%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0,5%
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oda_EffectsOnCompanyOperations|
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It is estimated to have positive effects.
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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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Richard Greven, Monnie Greven, Walsh Family Trust of 1981 and Richard A. Greven, Jr.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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01/10/2018
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Not obliged.
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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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Our affiliated company Kordsa Inc. has been finalized to purchase 100% shares of "Advanced Honeycomb Technologies Corporation" ("AHT") which is owned by Richard Greven, Monnie Greven, Walsh Family Trust of 1981 and Richard A. Greven, Jr. in exchange of a total purchase price of USD 3.180.871,95 (threemilliononehundredandeightythousandeighthundredseventyone ninetyfive). This new acquisition in the US is expected to generate an annual increase of about 4 million US Dollars in our composite revenues. |
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.