[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentAssetSaleAbstract|
Non-Current Asset Sale
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
13.09.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfNonCurrentAssetSold|
Nature of Non Current Asset Sold
Our affiliated company Gensenta İlaç Sanayi ve Ticaret A.Ş.'s (Gensenta), 2449,43 m2 plot of land located in Yenibosna, Bahçelievler district, Istanbul, registered with the land registry under map sheet number 21, and parsel number 2683, masonry factory, building auxiliary structures thereon, machinery and equipment within the building, as well as domestic and international licenses for the products previously manufactured at this facility
oda_LocationAndAreaOfNoncurrentAssetSold|
Location and Area of Non-current Asset Sold
A 2.449,43 m2 plot of land located in the Yenibosna neighborhood of Bahçelievler District, İstanbul, registered with the title deed under map sheet number 21 and parcel number 2683, along with the masonry factory and auxiliary structures built on it.
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
17/03/2025
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Our associate Gensenta does not have an independent board member.
oda_TotalSalesValue|http://www.xbrl.org/2003/role/verboseLabel
Total Sales Value
205.000.000 TL + 11.000.000 TL VAT.
oda_RatioOfTransactionAmountToValueOfCompanyBasedOnTheMathematicalWeightedAverageOnADailyBasisSixMonthsPriorToDateOfBoardDecision|
Ratio of Transaction Amount to Value of Company Based on the Mathematical Weighted Average on a Daily Basis, Six Months Prior to Date of Board Decision (%)
0,71
oda_RatioOfSalesPriceToPaidInCapitalOfCompany|
Ratio of Sales Price to Paid-in Capital of Company (%)
31,52
oda_RatioOfSalesValueToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Sales Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,38
oda_RatioOfSalesValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Sales Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
4,96 (The sale price includes the costs of licenses and trademarks when calculating this item, the total sale amount has been taken into account.)
oda_RatioOfValueOfNoncurrentAssetToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Value of Non-current Asset to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,40
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
2,46
oda_SalesConditions|
Sales Conditions
Diğer (Other)
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
The legal process regarding the transfer has been initiated.
oda_AimOfSaleAndEffectsOnCompanyOperations|
Aim of Sale and Effects on Company Operations
It has been envisioned that the idle facility, along with the machinery and equipment, will be sold and converted into cash.
oda_ProfitLossArisedAfterSaleOfNoncurrentAsset|
Profit / Loss Arised After Sale of Non-Current Asset
The profit/loss to be reflected in our consolidated financial statements as a result of the sale transaction to be carried out by our affiliated company will be observable in our financial statements as of 31.03.2025, and no significant impact is expected.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
The amount that our affiliate Gensenta will obtain from the mentioned sale will strengthen Gensenta's cash position.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_CounterParty|
Counter Party
Incpharma İlaç Sanati ve Ticaret Ltd. Şti.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_NatureofRelationWithCounterParty|
Nature of Relation with Counter Party
Within the framework of capital markets regulations, the counterparty has no direct or indirect relationship with our company in terms of management, auditing, or capital.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
17/03/2025
oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
Exercise Price of Retirement Right Relating to Significant Transaction
It is not a significant transaction.
oda_ValueDeterminationMethodOfNoncurrentAsset|
Value Determination Method of Non-Current 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
Price is determined by negotiation.
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|

In our  announcement dated 13.09.2024, it was stated a decision has been made to halt production and packaging activities of Gensenta's Oncolytic Production Unit ("Production Unit"), located in Yenibosna   as of 13.09.2024.

This time, about the idle Production Unit, following the evaluation of the offer for the purchase of the 21 pafta number and 2683 parcel number registered with the land registry in the Yenibosna neighborhood of the Bahçelievler district, with a size of 2.449,43 m2, the masonry factory building and auxiliary structures on it, the machinery and equipment within the building, and the licenses and trademarks obtained from both domestic and international sources for the products previously manufactured at this facility, with a total amount of 205.000.000 TL and 11.000.000 TL VAT (The payment plan is provided below), a property purchase and sale agreement was signed between Incpharma İlaç Sanayi ve Ticaret LTD. ŞTİ. and Gensenta on 17.03.2025 (today). First payment of 66 million TL has been received by Gensenta and the legal process regarding the transfer has been initiated.

The payment plan

On 17.03.2025 66 million TL,

On 26.05.2025 50 million TL,

On 25.06.2025 50 million TL,

On 28.07.2025 50 million TL,

This statament has been translated into English for informational purposes. In case of a diiscrepanct between the Turkish and the English versiosn of this diclosure statement, the Turkish version shall prevail.