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[YKBNK]
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English
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oda_NotificationAboutNewsOrRumoursAbstract|
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Hayır (No)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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29/08/2019
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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There have been some news on the media regarding the purchase of all shares of our joint venture Koç Finansal Hizmetler A.Ş. (KFS) from our joint venture partner UniCredit and termination of our joint venture, resulting in Koç Holding to have majority stake of Yapı Kredi Bankası A.Ş. (YKB). As already mentioned in the previous announcement we made on the same subject, we evaluate shareholder structures of our portfolio companies and engage in discussions with relevant parties as necessary at all times and in the case where a concrete decision is reached as a result of such assessments, necessary disclosures are made in accordance with Capital Market Board's Communique II-15.1 on Material Events Disclosure. In this context, despite the ongoing negotiations with UniCredit on the reorganization of the shareholder structures of KFS and YKB in such a manner to ensure that the parties shall not reach direct or indirect majority of YKB, there has not been any board of directors decision taken on the subject yet. Accordingly, there is no development that requires us to make a public disclosure within the framework of the Communique and this disclosure has been made due to the questions we have received from our investors. This statement was 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. |
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.