Related Companies
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[GOZDE]
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Related Funds
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[]
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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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09.11.2020
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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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04/01/2021
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Kümaş Manyezit Sanayi A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Industrial Products
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oda_CapitalOfNoncurrentFinancialAsset|
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550,000,000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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Completion of the transaction depends on the fulfillment of the closing conditions, including obtaining the necessary legal and administrative approvals.
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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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550,000,000 TL
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oda_PurchasePricePerShare|
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It will be determined on the date of share transfer.
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oda_TotalPurchasingValue|
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It will be determined on the date of share transfer.
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100%
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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It will be determined on the date of share transfer.
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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It will be determined on the date of share transfer.
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oda_EffectsOnCompanyOperations|
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Meeting the industrial products needed in production processes within the framework of back integration strategies and making a strategic contribution to our sustainable growth targets.
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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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Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. will sell 51% and Yıldız Holding A.Ş. will sell 49% shares.
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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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04/01/2021
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Negotiation Method
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Preparation of a valuation report is not mandatory.
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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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According to the decision of our Company's Board of Directors; - It was decided to purchase of all shares of Kümaş Manyezit Sanayi A.Ş. (and its subsidiaries) in accordance with the provisions of the Share Transfer Agreement to be signed, in cash and in lump sum, by our Company for an operating value of 340 million (three hundred forty million) USD and to transfer the shares of the company over the share price to be calculated by taking into account the net debt amount and net working capital on the date of transfer, after obtaining the relevant legal approvals. - Regarding the acquisition of shares, it was decided to authorize the Company executives to carry out all the necessary works and transactions, including the signing of the Share Transfer Agreement, to sign contracts, to make the necessary applications to the official authorities, and to give power of attorney. Share Transfer Agreement was signed between our Company and Yıldız Holding A.Ş. and Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. on 4 January 2021.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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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.