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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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18.02.2019
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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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30/01/2019
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Axiom Materials Acquisition LLC
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Composite Prepreg
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oda_CapitalOfNoncurrentFinancialAsset|
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63,495,883 USD
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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23.07.2019
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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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74,166,742 USD
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oda_PurchasePricePerShare|
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2.44 USD
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oda_TotalPurchasingValue|
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178,323,365 USD
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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Indirect %95.86
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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Indirect %95.86
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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After the transfer of shares, Kordsa Inc has 95.86 % direct voting right in Axiom. Our Company has %95.86 voting right in the company indirectly
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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%18.64 (31.03.2019)
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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%25.45 (31.12.2018)
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oda_EffectsOnCompanyOperations|
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Its 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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Axiom Materials Holdings LLC
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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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16/02/2019
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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 95.86% shares of "Axiom Materials Acquisition LLC" which provides advanced composite materials to the aerospace industry as well as the next generation transportation vehicles and owned by Axiom Materials Holdings LLC in exchange of a total purchase price of USD 178,323,365 (onehundredseventyeightmillionthreehundredtwentythreethousandthreehundredsixtyfive) including cash and working capital adjustments amounting to USD 3,493,365 (threemillionfourhundredninetythreethousandthreehundredsixtyfive) |
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.