Announcement Regarding the Update on Tender Call Price for Karel Shares

04.08.2022

As per our Company's announcements dated March 30,2022, June 30, 2022 and July 5, 2022, we had shared that our Company's subsidiary Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş. ("Öncü Girişim") had acquired 80,000,000 shares of Karel Elektronik Sanayi ve Ticaret A.Ş. ("Karel Elektronik") which corresponds to 40% of Karel Elektronik's capital and 55.6% of its voting rights. Accordingly, we had also informed that as per the Article 26 under the title of ‘Obligation regarding takeover bid' of Capital Markets Law (Law N 6362) a tender call obligation had emerged within the scope of the Capital Markets Board's ‘Communiqué on Takeover Bids', n II-26.1 as Öncü Girişim acquired voting rights and shares which provide the control of management. These announcements had concluded that the tender call price was determined as 11.45TL per share.

  

Based on the recalculations, tender call price is updated as 11.4727 TL per share. The final ‘takeover bid price' will be the price approved and announced by the Capital Markets Board.

 

We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.

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