During our Board Meeting dated 06.09.2018,
It has been decided to buy, in return for 22,870,000 (twenty two million eight hundred and seventy thousand) Turkish Liras, 228,700 (two hundred and twenty eight thousand seven hundred) coupon paid financing bonds issued and sold to qualified investors, which have been issued on September 6, 2018 by Doruk Faktoring A.Ş., our direct subsidiary whereby our Company holds 99.99% shares in its fully paid capital of 40,000,000 Turkish Liras, with a maturity of 176 days, with a maturity to annual compound gross revenue rate of 30.4326% in case of need, and the annual simple gross revenue rate of which is calculated as 27.4380%.
Following the completion of the issuance and the selling procedures, the mentioned financing bonds will start being traded among the qualified investors in the Outright Purchases and Sales Market of the Borsa İstanbul A.Ş. Borrowing Instruments Market.
A separate “valuation report” has not been obtained as the transaction amount remains below the criteria set forth in section (a) of paragraph 2 of Article 9 of “II-17.1 Corporate Governance Decree” of the Capital Markets Board (“CMB”).