Regarding the Completion of the Sale and Transfer of DOBUR Shares

18.09.2024

Related Companies

[DOBUR, PIE]

Related Funds

[]

Non-Current Financial Asset Sale
 
 

 

   
 
   

Update Notification Flag

   

Evet (Yes)

   

Correction Notification Flag

   

Hayır (No)

   

Date Of The Previous Notification About The Same Subject

   

08.07.2024, 12.09.2024

   

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

   

Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş.

     

Field of Activity of Non-current Financial Asset Sold

   

The execution of periodic and non-periodic publishing and printing works, and their sale, distribution, and marketing.

     

Capital of Non-current Financial Asset Sold

   

TL 19,559,175

     

Date on which the Transaction was/will be Completed

   

18/09/2024.

     

Sales Conditions

   

Peşin (Cash)

     

Nominal Value of Shares Sold

   

TL 7,474,920

     

Sales Price Per Share

   

0.6408 USD

     

Total Sales Value

   

4,790,101.89 USD

     

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

   

% 38.22

     

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

   

% 0.00

     

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

   

% 0.00

     

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

   

% 0.31

     

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

   

% 0.16

     

Effects on Company Operations

   

It is expected that the efficient use of our assets and resources will have a positive impact on our company's operations and working capital.

     

Profit / Loss Arised After Transaction

   

148,099,263.01 TL sales profit is calculated according to TMS/TFRS financial tables dated 30.06.2024

     

How will Sales Profit be Used if Exists?

   

No determination has been made at this time.

     

Board Decision Date for Use of Sales Profit if Exists

   

No Board of Directors decision has been made at this time.

     

Title/ Name-Surname of Counter Party Bought

   

Alt Capital Holding A.Ş., Re-Pie Portföy Yönetimi A.Ş. Altun Capital Girişim Sermayesi Yatırım Fonu, Re-Pie Yatırım Holding A.Ş. and Re-Pie Portföy Yönetimi A.Ş.

     

Is Counter Party a Related Party According to CMB Regulations?

   

Hayır (No)

     

Relation with Counter Party if any

   

There is no relationship between our company and management, audit, or capital in terms of Capital Markets Legislation.

     

Agreement Signing Date if Exists

   

08/07/2024

     

Value Determination Method of Non-current Financial Asset

   

The sales price was determined through the bargaining method.

     

Did Valuation Report be Prepared?

   

Düzenlenmedi (Not Prepared)

     

Reason for not Preparing Valuation Report if it was not Prepared

   

The sales price was determined through the bargaining method.

     

Date and Number of Valuation Report

   

Yoktur (Not Prepared)

     

Title of Valuation Company Prepared Report

   

Yoktur (Not Applicable)

     

Value Determined in Valuation Report if Exists

   

Yoktur (Not Applicable)

     

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

   

Yoktur (Not Prepared)

   

Explanations

   
 

In the paid-in capital of TL 19,559,175 of Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş.; the 38.22% share (7,474,920 TL nominal valued DOBUR shares) owned by our company and the 38.09% share (7,449,670 TL nominal valued DOBUR shares) owned by Burda GmbH, totaling 76.30% (14,924,590 TL nominal valued DOBUR shares); have been sold to Alt Capital Holding A.Ş. (4,685,706 TL nominal valued DOBUR shares totally), Re-Pie Portföy Yönetimi A.Ş. Altun Capital Venture Capital Investment Fund (3,635,440 TL nominal valued DOBUR shares totally), Re-Pie Yatırım Holding A.Ş. (5,370,277 TL nominal valued DOBUR shares totally), and Re-Pie Portföy Yönetimi A.Ş. (1,233,167 TL nominal valued DOBUR shares totally), which have no relationship with our company in terms of management, audit, or capital according to Capital Markets Legislation, as a result of negotiations. The share transfers, with the sale price allocated to our company being 4,790,101.89 US Dollars and a total sale price of 9,564,023.00 US Dollars, were completed on 18/09/2024.

  

Respectfully announced to our shareholders and the public.

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