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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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*
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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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09/11/2018
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Emlak Planlama İnşaat Proje Yönetimi Ve Ticaret A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Real Estate
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oda_CapitalOfNoncurrentFinancialAsset|
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65,000,000
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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12/11/2018
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oda_AcquisitionConditions|
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Vadeli (Timed)
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oda_DetailedConditionsIfItIsATimedPayment|
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initial payment 25.564.426 TL on 26.11.2018, the remaining TRY 47.476.791 will be made on 20.02.2019
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oda_NominalValueOfSharesAcquired|
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16,665,003
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oda_PurchasePricePerShare|
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TRY 4.43
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oda_TotalPurchasingValue|
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TRY 73,838,783
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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25.6385
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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25.6385
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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25.6385
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.003
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0.02
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oda_EffectsOnCompanyOperations|
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Positive
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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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Öztaş İnş. Tah. İşlerş Tic. AŞ.
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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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12/11/2018
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Net Asset Value
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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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08/11/2018
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oda_TitleOfValuationCompanyPreparedReport|
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Ernst Young Kurumsal Financial Counsultancy
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oda_ValueDeterminedInValuationReportIfExists|
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TRY 291,120,000
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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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Emlak Planlama Inşaat Proje Yonetimi Ve Ticaret AS (Known as Emlak Planlama, EPP) was established in 1980 to operate principally in the fields of real estate project management, sales & marketing, lettings, consultancy services and developing projects via Revenue Sharing Model. TC. Toplu Konut Idaresi (TOKI) holds 31,850,000 number of shares , Emlak Konut REIC holds 16,665,003 number of shares of Emlak Planlama Inşaat Proje Yonetimi Ve Ticaret AS. In line with our growth strategy, in the decision dated 09 Nov 2018 and numbered 62/163, The Board of Directors have decided to acquire 14,534,997 number of EPP shares belongs to Dentas Gayrimenkul Yatırım AS with an amount of TRY 64,401,217 and 1,950,000 number of EPP shares belongs to Estas Gayrimenkul Yatırım ve Gelistirme San. Tic. AS. with an amount of TRY 8,640,000 by a total amount of TRY 73,041,217. The attached documents are as follows, Consultant Appraisal Report of Ernst Young Kurumsal Finansman Danısmanlık Independent Appraisal Report of real estates owned by Emlak Planlama İnşaat Proje Yönetimi Ve Ticaret AS. In accountancy with the COMMUNIQUÉ ON PRINCIPLES OF REAL ESTATE INVESTMENT COMPANIES, article 28/d, total value of real estates or real estate-based rights is equal to at least 75% of total assets of the participated company as shown in its 2017 yearend financial statements issued according to the relevant applicable laws and regulations. This ratio is expected to maintain its validity in end of 2018 as well. In accordance with the Turkish capital markets regulations, in case of any discrepancy between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (Kamuyu Aydınlatma Platformu) 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.