Non-current Financial Asset Sale

04.09.2024

Related Companies

[DOBUR]

Related Funds

[]

 
 
 
 
   

Update Notification Flag

   

Evet (Yes)

   

Correction Notification Flag

   

Hayır (No)

   

Date Of The Previous Notification About The Same Subject

   

08.07.2024

   

Postponed Notification Flag

   

Hayır (No)

   

Announcement Content

   
 
     

Board Decision Date for Sale

   

08/07/2024

     

Were Majority of Independent Board Members' Approved the Board Decision for Sale?

   

Yes

     

Title of Non-current Financial Asset Sold

   

Dergi Pazarlama Planlama ve Ticaret A.Ş.

     

Field of Activity of Non-current Financial Asset Sold

   

Planning of magazine marketing and distribution

     

Capital of Non-current Financial Asset Sold

   

1.400.000 TL

     

Date on which the Transaction was/will be Completed

   

04/09/2024

     

Sales Conditions

   

Peşin (Cash)

     

Nominal Value of Shares Sold

   

784.000 TL

     

Sales Price Per Share

   

0,1602 TL

     

Total Sales Value

   

125.558 TL (For Our Company's Shares)

     

Ratio of Shares Sold to Capital of Non-current Financial Asset (%)

   

56

     

Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)

   

0

     

Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)

   

0

     

Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)

   

0,0001

     

Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)

   

0,0002

     

Effects on Company Operations

   

No significant impact is anticipated.

     

Profit / Loss Arised After Transaction

   

According to Financials prepared for Tax Purposes profit from the sale is TL 125,552.34.

     

How will Sales Profit be Used if Exists?

   

A decision has not been made on the use of funds.

     

Board Decision Date for Use of Sales Profit if Exists

   

No Boad of Directors decision has been made.

     

Title/ Name-Surname of Counter Party Bought

   

Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş.

     

Is Counter Party a Related Party According to CMB Regulations?

   

Evet (Yes)

     

Relation with Counter Party if any

   

Management and capital are related.

     

Agreement Signing Date if Exists

   

04/09/2024

     

Value Determination Method of Non-current Financial Asset

   

The valuation determined by the Valuation Report was taken into account.

     

Did Valuation Report be Prepared?

   

Düzenlendi (Prepared)

     

Reason for not Preparing Valuation Report if it was not Prepared

   

Valuation Report was prepared.

     

Date and Number of Valuation Report

   

07.08.2024 dated and SA20241DPP12 numbered Valuation Report

     

Title of Valuation Company Prepared Report

   

Güreli YMM ve Bağımsız Denetim Hizmetleri A.Ş.

     

Value Determined in Valuation Report if Exists

   

224.211 TL (Total Company Value)

     

Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report

   

The transaction was realized based on the value determined by the Valuation Report.

   

Explanations

   
 

In the capital of Dergi Pazarlama Planlama ve Ticaret A.Ş. (DPP A.Ş.); the 56% share (nominal value of 784,000 TL) owned by our Company and the 44% share (nominal value of 616,000 TL) owned by Burda GmbH have been sold to Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş. (Doğan Burda Dergi) for a total amount of 224,211 TL, with the sale price of our Company's share being 125,558 TL, based on the value determined in the valuation report. A ‘Share Transfer Agreement' dated 04/09/2024 has been executed between our Company, Burda GmbH, and Doğan Burda Dergi, and the transfer of DPP A.Ş. shares has been completed as of the date of the Agreement.

Respectfully announced to our shareholders and the public.

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