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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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30.06.2021
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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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27/08/2021
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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YES
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Önem Gıda A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Production of chocolate and cacao products,hazelnut, flour and derivatives
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oda_CapitalOfNoncurrentFinancialAsset|
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25.000.000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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27.08.2021
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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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25.000.000 TL
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oda_PurchasePricePerShare|
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149,45TL
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oda_TotalPurchasingValue|
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3,736.314 thousand TL
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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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18,41
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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39,74
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oda_EffectsOnCompanyOperations|
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Expecting a positive contribution
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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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YILDIZ HOLDİNG A.Ş.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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Yıldız Holding A.Ş. is the indirect controlling shareholder
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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The enterprise value of the asset is determined by taking into account the midpoint of the company value range, which is based on the average of discounted cash flow technique, the transaction multiple technique, and trading multiple technique in equal proportions.
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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-
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oda_DateAndNumberOfValuationReport|
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13.08.2021 /21VC113
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oda_TitleOfValuationCompanyPreparedReport|
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ARKAN ERGİN KURUMSAL DANIŞMANLIK A.Ş.
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oda_ValueDeterminedInValuationReportIfExists|
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Enterprise value according to the valuation report is determined, based on the average of discounted cash flow, transaction multiple and trading multiple techniques, as 4.372.508 thousand TL, in the range of 4.111.798 thousand TL - 4.659.868 thousand TL. Equity value has been calculated as 3,736.314 thousand TL by deducting the adjusted net debt amount as of 31 July 2021 636,194 thousand TL determined by appliying the criteria specified in the valuation report dated 13.08.2021, numbered 21VC113, prepared by Arkan Ergin Corporate Consulting A.Ş.. The considered EBITDA multiple is 11,7.
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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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Pursuant to the resolution of our Board of Directors affirmative vote dated August 27, 2021 and numbered 22,
it has been decided to resolve; for the purpose of creating high-level synergies in our chocolate and bakery product business, which is one of the main categories of our enterprise's subject and adding value to the strategical and profitable growth of our Company; to sign a Share Purchase Agreement ("Agreement") between our Company and our ultimate controlling shareholder Yıldız Holding A.Ş. in order to acquire all of the controlling shares of Önem Gıda A.Ş.,which is included in the portfolio of Yıldız Holding, negotiated within the price ranges included in the valuation report prepared by the Capital Market Board accredited ARKAN ERGİN KURUMSAL DANIŞMANLIK A.Ş. dated 13.08.2021 and numbered 21VC113, in exchange for 3.736.314 thousand TL which shall be paid in cash, and the transfer of the shares right realized after signing of the agreement today (27. August.2021).
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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.