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English
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oda_LawsuitAgainstCompanyOrDevelopmentsInTheLawsuitAgainstCompanyAbstract|
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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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13.07.2018 (made by Kipa), 19.06.2019, 12.09.2019
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_DateOfLawsuit|
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08.05.2018
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oda_NotificationDateOfLawsuitToCompany|
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13.07.2018
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oda_SubjectOfLawsuit|
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Cancellation of Kipa General Assembly decisions dated 27.04.2018
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oda_CounterpartiesOfLawsuit|
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Jak Esim
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oda_LawsuitAmount|
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-
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oda_RatioOfLawsuitAmountToTotalAssetsDisclosedInLatestFinancialStatementsOfEntity|
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-
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oda_RelavantCourtAndFileNumber|
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T.C. Karşıyaka Commercial Court (File number: 2018/366)
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oda_TrialDate|
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27.11.2019
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oda_Decision|
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The Court gave two weeks to the parties to submit their petitions for declaration on the expert report.
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oda_NextTrialDate|
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25.12.2019
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oda_AmountOfProvisionInFinancialStatementsIfAny|
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-
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oda_EffectToOperationsOfCompany|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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With respect to the lawsuit with the file number 2018/366 E. at Karşıyaka Commercial Court regarding the cancellation of Kipa Ticaret A.Ş.'s Ordinary General Assembly decisions dated 27.04.2018, the second expert report dated 27.11.2019 states briefly that; (i) Migros Ticaret A.Ş. had 96.25% of the total voting rights in the General Assembly, in case the Court, as per the Influence Rule, acknowledges that even if the will of the shareholders was affected during the General Assembly as claimed, the Court should be ruling, by taking into account that the General Assembly decisions would have been accepted considering the potential votes of the shareholders whose decision would be affected as alleged, and that the General Assembly decisions could not be cancelled. (ii) In case the Court come to a conclusion that it was not possible to vote during the General Assembly due to pressure and threat as alleged, there is nothing contravening the law, the Article of the Association or good faith which would result in the cancellation of the General Assembly decisions. The Court gave two weeks to the parties to submit their petitions for declaration on the expert report. The next trial is scheduled on 25.12.2019. (In case of a discrepancy between the Turkish and the English versions of this disclosure, 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.