Regarding the Completion of the Acquisition of Doku Madencilik Shares

11.09.2024

Related Companies

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Related Funds

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Noncurrent Financial Asset Acquisition
 
       
 
   

Update Notification Flag

   

Evet (Yes)

   

Correction Notification Flag

   

Hayır (No)

   

Date Of The Previous Notification About The Same Subject

   

05.06.2024, 06.08.2024

   

Postponed Notification Flag

   

Hayır (No)

   

Announcement Content

   
 
     

Board Decision Date for Acquisition

   

06/08/2024

     

Were Majority of Independent Board Members' Approved the Board Decision for Acquisition

   

Yes

     

Title of Non-current Financial Asset Acquired

   

Doku Madencilik ve Ticaret A.Ş.

     

Field of Activity of Non-current Financial Asset whose Shares were being Acquired

   

Mining

     

Capital of Noncurrent Financial Asset

   

3,465,000 TL

     

Acquirement Way

   

Satın Alma (Purchase)

     

Date on which the Transaction was/will be Completed

   

11.09.2024

     

Acquisition Conditions

   

Peşin (Cash)

     

Detailed Conditions if it is a Timed Payment

   

None

     

Nominal Value of Shares Acquired

   

2,598,750 TL

     

Purchase Price Per Share

   

5.1948 USD

     

Total Purchasing Value

   

13,500,000 USD

     

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

   

% 75

     

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

   

% 75

     

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

   

% 75

     

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

   

% 0.44

     

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

   

% 0.87

     

Effects on Company Operations

   

It is anticipated that there will be a positive impact on our Company's revenue and profitability.

     

Did Takeover Bid Obligation Arised?

   

Hayır (No)

     

Will Exemption Application be Made, if Takeover Bid Obligation Arised?

   

Hayır (No)

     

Title/ Name-Surname of Counter Party

   

Kurmel Holding A.Ş. (% 50 stake), Ortadoğu Otomotiv Ticaret A.Ş. (% 25 stake)

     

Is Counter Party a Related Party According to CMB Regulations?

   

Hayır (No)

     

Relation with Counter Party if any

   

Ortadoğu Otomotiv Ticaret A.Ş., which will transfer its 25% stake in Doku Madencilik, is a related party to our Company.

     

Agreement Signing Date if Exists

   

06/08/2024

     

Value Determination Method of Non-current Financial Asset

   

"Bargaining method" was used

     

Did Valuation Report be Prepared?

   

Düzenlenmedi (Not Prepared)

     

Reason for not Preparing Valuation Report if it was not Prepared

   

A valuation report was not prepared as the "Bargaining method" was used.

     

Date and Number of Valuation Report

   

None

     

Title of Valuation Company Prepared Report

   

None

     

Value Determined in Valuation Report if Exists

   

None

     

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

   

None

   

Explanations

   
 

The transaction for the acquisition of a total of 2,598,750 TL nominal value, representing 75% of the shares in Doku Madencilik ve Ticaret A.Ş. (Doku Madencilik), which represents a total of 3,465,000 TL nominal value of its capital, has been completed on 11.09.2024 (today) as follows:

  •  50% with a nominal value of 1,732,500 TL, for a price of 9,000,000 US Dollars (purchase price per share: 5.1948 US Dollars) from Kurmel Holding A.Ş., and
  • 25% with a nominal value of 866,250 TL, for a price of 4,500,000 US Dollars (purchase price per share: 5.1948 US Dollars) from Ortadoğu Otomotiv Ticaret A.Ş.
  •  

In total, 75% of the shares, with a nominal value of 2,598,750 TL, were acquired for a total of 13,500,000 US Dollars as a result of negotiations.

 Respectfully announced to our shareholders and the public.

  *This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

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