[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
14.12.2023
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
It was priorly announced to the public that, a memorandum of understanding ("MoU") has been signed by our subsidiary Alarko Tarım Sanayi ve Ticaret A.Ş. for the acquisition of a company operating in the area of greenhouse and agriculture. Considering the financing need of İpeks Jeotermal Enerji Tarım Sanayi Ticaret Anonim Şirketi ("İpeks Jeotermal"), the subject company of the MoU, due to the planned investment of approximately 182,000 m2 greenhouse construction, it has been decided;

- to participate in the premium capital increase of İpeks Jeotermal which plans to raise its capital from TRY 1,500,000 to TRY 3,000,000,

- to acquire 1,470 shares with the nominal value of TRY 1,470,000, which will be issued through the capital increase and will correspond to the 49% of the capital of İpeks Jeotermal, for a total consideration of TRY 298,470,000, including the share premium of TRY 297,000,000 and

- to sign a participation and a shareholders' agreement between Alarko Tarım Sanayi ve Ticaret A.Ş. and the current shareholder Lokman Aydemir and to terminate the MoU.

İpeks Jeotermal holds the right to use 265,007.24 m2 land located in the central district of Afyonkarahisar province, registered under the name of State Treasury, until the date of 27/03/2043, for the purpose of constructing a technological geothermal greenhouse.

Respectfully announced to the public.

This statement has been translated into English for information purposes only. In case of any discrepancy between Turkish and English versions of this statement of disclosure, Turkish version shall prevail.