Non-current Financial Asset Sale

Related Companies

[DOBUR]

Related Funds

[]

Hayır (No)

Hayır (No)

---

Evet (Yes)

08/07/2024

Yes.

Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş.

Performing periodical and non-periodical publications and printing works, selling, distributing and marketing.

19,559,175 TL

It will be completed on the closing date.

Peşin (Cash)

7,474,920 TL

0.6700 USD

5,008,459.19 USD

38.22

0

0

0.16

0.31

It is expected that it will have a positive impact on the efficient use of our assets and resources, on the activities of our Company and on the working capital.

It will be determined on the closing date.

No determination has been made.

A Board of Directors Decision has not been taken.

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

Hayır (No)

It has no relationship in terms of management, audit or capital.

08/07/2024

Sale Price is determined by negotiation.

Düzenlenmedi (Not Prepared)

Sale Price is determined by negotiation.

None.

None.

None.

There is no valuation report.

In the paid-in capital of Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş. (Doğan Burda Dergi), which amounts to 19,559,175 Turkish Liras; our company holds a 38.22% share (7,474,920 shares), and Burda GmbH holds a 38.09% share (7,449,670 shares), making a total of 76.30% ownership (14,924,590 shares). The transaction for the sale of these shares, subject to certain adjustments, was concluded between our company, Burda GmbH, and the buyers, including Alt Capital Holding A.Ş. (for 4,791,998 DOBUR shares), Re-Pie Portföy Yönetimi A.Ş. Altun Capital Girişim Sermayesi Yatırım Fonu (for 3,422,856 DOBUR shares), Re-Pie Yatırım Holding A.Ş. (for 5,476,569 DOBUR shares), and Re-Pie Portföy Yönetimi A.Ş. (for 1,233,167 DOBUR shares). The sale price attributable to our company is $5,008,459.19 US Dollars, resulting in a total transaction value of $10,000,000 US Dollars

Based on the aforementioned 'Share Transfer Agreement'; Dergi Pazarlama Pazarlama ve Ticaret A.Ş., in which our company has a 56% share and Burda GmbH has a 44% share. It is aimed to transfer all shares representing the capital to Doğan Burda Dergi according to the value to be assessed in the valuation report and this amount to be taken into account as an adjustment item in the total Sales Amount stated above.

The completion of the transaction is targeted to be completed upon fulfillment of all closing conditions, including notification to the Competition Authority if applicable.

Due to potential harm to our company's legitimate interests, a special disclosure regarding the sale of these shares was been postponed.