[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetAcquisitionAbstract|
Noncurrent Financial Asset Acquisition
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
05.06.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForAcquisition|
Board Decision Date for Acquisition
06/08/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Yes
oda_TitleOfNoncurrentFinancialAssetAcquired|
Title of Non-current Financial Asset Acquired
Gümüştaş Madencilik ve Ticaret A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
Mining
oda_CapitalOfNoncurrentFinancialAsset|
Capital of Noncurrent Financial Asset
20,200,000 TL
oda_AcquirementWay|
Acquirement Way
Satın Alma (Purchase)
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
The completion of the transaction is subject to obtaining all necessary legal approvals from official institutions and fulfilling all closing procedures and conditions specified in the contracts. An additional public announcement will be made on the `Closing? date when the sale and transfer legally take place.
oda_AcquisitionConditions|
Acquisition Conditions
Peşin (Cash)
oda_DetailedConditionsIfItIsATimedPayment|
Detailed Conditions if it is a Timed Payment
None
oda_NominalValueOfSharesAcquired|
Nominal Value of Shares Acquired
15,150,000 TL
oda_PurchasePricePerShare|
Purchase Price Per Share
8.1188 USD
oda_TotalPurchasingValue|
Total Purchasing Value
123,000,000 USD
oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
% 75
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
% 75
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
% 75
oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
% 3.93
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
% 7.85
oda_EffectsOnCompanyOperations|
Effects on Company Operations
It is anticipated that there will be a positive impact on our company?s revenue and profitability.
oda_DidTakeoverBidObligationArised|
Did Takeover Bid Obligation Arised?
Hayır (No)
oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
Will Exemption Application be Made, if Takeover Bid Obligation Arised?
Hayır (No)
oda_TitleNameSurnameOfCounterParty|
Title/ Name-Surname of Counter Party
Kurmel Holding A.Ş. (% 50 stake), Ortadoğu Otomotiv Ticaret A.Ş. (% 25 stake)
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_RelationWithCounterPartyIfAny|
Relation with Counter Party if any
Ortadoğu Otomotiv Ticaret A.Ş., from which % 25 stake to be transferred is a related party to our Company.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
06/08/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
"Bargaining method" was used.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
A valuation report was not prepared as the ?Bargaining method? was used.
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
None
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

Our Company has entered into a ‘Share Transfer Agreement' dated 06.08.2024 with the following companies for the acquisition of shares in Gümüştaş Madencilik ve Ticaret A.Ş. (Gümüştaş Madencilik) representing 20,200,000 TL total nominal valued shares of its capital;

- 10,100,000 TL nominal valued 50 % of shares for 82,000,000 US Dollars (8.1188 US Dollars per share) from Kurmel Holding A.Ş. and

- 5,050,000 TL nominal valued 25 % of shares for 41,000,000 US Dollars (8.1188 US Dollars per share) from Ortadoğu Otomotiv Ticaret A.Ş.

This totals to a 15,150,000 TL nominal valued 75 % of shares, which will be acquired for a total of 123,000,000 US Dollars, subject to negotiations and certain adjustments.

The completion of the transaction is targeted upon the fulfillment of all closing conditions, including but not limited to the approval of the Competition Authority.

Respectfully announced to our shareholders and the public.