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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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26.07.2021
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Hayır (No)
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Moov, our hourly car rental service business, operating under our subsidiary Çelik Motor Ticaret A.Ş., has been transferred to the newly established Moov Dijital Ulaşım Çözümleri Ticaret A.Ş. (MOOV) , 100% owned by Çelik Motor Ticaret A.Ş. through registered values and partial division method and as such the partition process has been registered on 17.08.2021.
MOOV, developed as an innovative hourly and flexible time car sharing platform is a digital transportation company.
As we have previously announced on public disclosure platform (PDP) on 26.07.2021 talks had begun for a cooperation including a possible partnership among parties.
Accordingly, a non-binding agreement has been reached for an equity stake sale of 75% of MOOV shares to Getir Perakende Lojistik A.Ş. and likewise started financial, tax, legal reviews and preparations related to a transfer and partnership agreement.
Consequently, we have decided to begin taking the necessary actions to apply for approvals, which include pre-application to the state authorities as well in order to complete the stake sale.
According to the agreement reached by the parties, the transfer price for the 75% of the shares of Moov will be determined by on top of 16.000.000 USD, adding /subtracting 75% of the amount to be calculated by netting assets related with the vehicles and liabilities in the balance sheet of the MOOV on the closing date of transaction.
We will continue to inform the public when there are new developments.
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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.