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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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16.12.2020, 31.03.2021 & 01.07.2021
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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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16/12/2020
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Hitachi Home Appliances Netherland B.V.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Manufacturing, sales, and distribution of home appliances businesses mainly in Asia Pacific, excluding the Japanese market.
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oda_CapitalOfNoncurrentFinancialAsset|
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EUR 10,000
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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July 01, 2021
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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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EUR 6,000
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oda_PurchasePricePerShare|
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It is calculated approximately 57.171USD per share
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oda_TotalPurchasingValue|
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As stated in the statement we made on July 1, 2021, the transaction value that has been calculated as USD 343,024,730 for the 60% of the shares after customary closing adjustments based on the estimated balance of cash and debt-like items and minority shares adjustment for the outstanding minority shares, will be subject to adjustments according to the audited financial statements of the Closing Date and any changes that may occur in the minority shares until that date. The release condition of the amount of USD 75,000,000 on the escrow account has been completed. As of today, amount on the escrow account has been transferred to Hitachi Global Life Solutions, Inc.
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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60%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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60%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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60%
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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5.6%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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7.3%
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oda_EffectsOnCompanyOperations|
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We expect this transaction to contribute our growth plan in Asia-Pasific region
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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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Hitachi Global Life Solutions, Inc.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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There is no capital or management relationship
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oda_AgreementSigningDateIfExists|
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16/12/2020
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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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Following our disclosure made on 16.12.2020, 31.03.2021 and 01.07.2021, registration procedures regarding the share transfer of the Arçelik Hitachi Home Appliances B.V. subsidiaries in China has been completed and the Escrow amount of USD 75,000,000 has been transferred to the Hitachi Global Life Solutions, Inc. Accordingly, the transfer of the total Transaction Value to the Hitachi Global Life Solutions, Inc. has been completed. This statement has been 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.