[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[DOBUR]
Related Funds
[]
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
08/07/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes.
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Doğan Burda Dergi Yayıncılık ve Pazarlama A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Performing periodical and non-periodical publications and printing works, selling, distributing and marketing.
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
19,559,175 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
It will be completed on the closing date.
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
7,474,920 TL
oda_SalesPricePerShare|
Sales Price Per Share
0.6700 USD
oda_TotalSalesValue|
Total Sales Value
5,008,459.19 USD
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
38.22
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 (%)
0.16
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0.31
oda_EffectsOnCompanyOperations|
Effects on Company Operations
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.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
It will be determined on the closing date.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
No determination has been made.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
A Board of Directors Decision has not been taken.
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
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.
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
It has no relationship in terms of management, audit or capital.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
08/07/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Sale Price is determined by negotiation.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Sale Price is determined by negotiation.
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
None.
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
None.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
None.
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
There is no valuation report.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

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.