Notification on Buying and Selling Non-Share Capital Markets Instrument – Doruk Faktoring
12.08.2020
Our Board of Directors have resolved on 12.08.2020 (today);
to acquire 8,240,000 Doruk Faktoring A.Ş. Financing Bonds (ISIN Kodu: TRFDFKT12110) with a nominal value of 8,240,000 Turkish Liras in return for 7,803,774.40 Turkish Liras which have been issued on August 12, 2020 by Doruk Faktoring A.Ş., our direct subsidiary whereby our Company holds 99.99% shares in its fully paid capital of 60,000,000 Turkish Liras. Financing bonds, which will be issued at a discount, have a maturity of 170 days and a maturity to annual compound gross revenue rate of 12.39% in case of need, and the annual simple gross revenue rate of which is calculated as 12.0%. The sales price is 0.94706 Turkish Liras each (nominal value of 1 Turkish Liras).
The purchase price is the same with the purchase price of the 3rd parties buying in this issuance.
A separate “valuation report” has not been obtained as the transaction amount remains below the criteria set forth in section (a) of paragraph 2 of Article 9 of “”II-17.1 Corporate Governance Decree” of the Capital Markets Board (“CMB”).
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