Material Event Disclosure (General)
22.04.2022
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Related Companies
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[KAREL]
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Related Funds
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[]
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Evet (Yes)
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Hayır (No)
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30.03.2022
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Hayır (No)
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As announced in our Company's material event disclosure on March 30, 2022 regarding the acquisition of 80,000,000 shares in total, corresponding to 40% of the company's capital and 60.7% of the voting rights of Karel Elektronik Sanayi ve Ticaret A.Ş. (“Karel”) by Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş., our direct subsidiary, for the amount of TL 728,822,894, without prejudice to currency rate and price adjustments subject to certain conditions, the parties have signed a ‘Share Acquisition and Participation Agreement’ and a ‘Shareholders Agreement’ (Agreements), and the relevant share transfer transactions would be finalized provided that all the closing transactions and conditions specified in the Agreements, including but not limited to the application to be filed with the Capital Markets Board and the notification to the Competition Board, have been fulfilled. The Competition Board has convened on 21.04.2022 and resolved to allow the subject transaction given that there would not be any significant decrease in effective competition as a result of the transaction. |
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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.
The English version is a convenience translation. In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version will prevail.
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