Financial Fixed Asset Sale


The following has been resolved during the Board of Directors meeting of our Company dated 22.06.2020 (today), no. 17:

A total of 67,000,000 registered shares, with a nominal value of 1- Turkish Lira each representing the entire capital of Suzuki Motorlu Araçlar Pazarlama A.Ş., where we have 100% shares in the fully paid 67,000,000 Turkish Lira capital, is to be sold in cash and in a single payment to our direct subsidiary Trend Motosiklet Pazarlama A.Ş., where we have 100% shares in the fully paid capital, for a total price of 67,000,000 Turkish Liras, each share being 1 Turkish Lira, in the value range set forth in the Valuation Report of April 10, 2020 prepared by KPMG Bağımsız Denetim ve SMMM A.Ş., with the objective of gathering automotive and motor vehicles trade and marketing businesses operating within our Group, and in compliance with the regulations of the Capital Markets Law, and the sales transaction has taken place today (22.06.2020), and the sales price has been collected in cash and in a single payment.


Above detailed “Financial Fixed Assets” sale and transfer transactions is evaluated to be under the limits of the “Significance Criterion” set on the II-23.1 “Communiqué on Common Principles Regarding Significant Transactions and the Exit Right” Decree by the Capital Markets Board (Capital Markets Board Decree II-23.1).


Financial Fixed Asset Sale

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