[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Evet (Yes)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
20/09/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Biotrend Ayvacık Yenilenebilir Enerji Elektrik Üretim Sanayi ve Ticaret A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Electrical Energy Production
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
11,000,000 TRY
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
20.09.2024
oda_SalesConditions|
Sales Conditions
Diğer (Other)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
11,000,000 TRY
oda_SalesPricePerShare|
Sales Price Per Share
1 TRY
oda_TotalSalesValue|
Total Sales Value
20,000,000 TRY
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
100%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
0%
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
0%
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.78%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0.90%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
The subsidiary relationship will be terminated.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
It will be included in the related footnote of our financial report dated September 30, 2024.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
In line with our company's profitability targets and sustainable growth strategies, a portion of the sales profit from this transaction will be used to pay off financial debts.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Demiroğlu Turizm Seyahat İnşaat Eğitim Hizmetleri Ticaret ve Sanayi Limited Şirketi
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
None
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
20/09/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiated procedure
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Not mandatory
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
-
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
-
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
-
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

Pursuant to the decision of the Board of Directors of our Company dated March 27, 2024; while the share transfer agreement dated March 27, 2024 regarding the transfer of all of the shares in the capital of Biotrend Ayvacık Yenilenebilir Enerji Elektrik Üretim Sanayi ve Ticaret A.Ş. (the "Subsidiary"), a 100% subsidiary of our company, to Demiroğlu Turizm Seyahat İnşaat Eğitim Hizmetleri Ticaret ve Sanayi Ltd. Şti. was signed, however in connection with the production license filed with the Energy Market Regulatory Authority ("EMRA") pursuant to the provisions of the Electricity Market License Regulation, due to the fact that the closing and transfer transactions regarding the transfer of shares are not final in accordance with the provisions of the Electricity Market License Regulation, the negotiations regarding the transaction in order to protect the confidentiality of insider information, taking into account that the disclosure may have negative effects on the process and may harm the investors and the legitimate interests of our Company, It has been decided to postpone the announcement regarding the approvals and permissions to be obtained and the agreement concluded for the purpose of share transfer within the scope of Article 6 of the Communiqué on Material Events numbered II-15.1.

Pursuant to EMRA's decision dated August 8, 2024 and numbered 12781-1, the reasons for the postponement of the announcement regarding the share transfer have been eliminated as of September 20, 2024,as the negotiations regarding the share transfer have reached the final stage, with the granting of a production license to the Subsidiary and the closing conditions regarding the share transfer within this framework.

Accordingly, pursuant to the decision of the Board of Directors of our Company dated September 20, 2024, it has been decided to initiate the transactions for the realization of the aforementioned share transfer for a sales price of TL 20,000,000 and in accordance with the decisions taken in line with the profitability targets and sustainable growth targets of our Company, the transfer of all of the shares of the Subsidiary holding the license for the Ayvacık Landfill Gas Electricity Generation Facility of the biomass type based on renewable energy source located in Ayvacık district of Çanakkale province to Demiroğlu Turizm Seyahat İnşaat Eğitim Hizmetleri Ticaret ve Sanayi Limited Şirketi for a sales price of TL 20,000,000 has been completed as of September 20, 2024.

It is expected that the income generated from the transfer to have a positive impact on the cash flow and financial performance of our Company.

English translation of this disclosure is attached hereto. In the case of discrepancies between the Turkish and English versions of this disclosure, the Turkish version shall prevail.