During our Board Meeting dated 02.02.2018, no. 2018/4, it has been resolved to buy, in return for 4,018,673 Turkish Liras, 43,300 shares of the financing bonds, of our direct subsidiary Doruk Faktoring A.Ş., with a nominal value of 4,330,000 Turkish Liras, whereby we have 94.89% shares in the fully issued capital of 40,000,000 Turkish Liras, which shares was issued and sold outside Borsa İstanbul A.Ş. to qualified investors on February 02, 2018 (today), without holding a public offering, with a term of 174 days, and the discounted selling price is 92,81 Turkish Liras each (nominal value of 100 Turkish Liras). The purchase price is the same with the purchase price of the 3rd parties buying in this issuance.
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”).