[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[CONSE]
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
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
28/11/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Consus Enerji İşletmeciliği ve Hizmetleri A.Ş
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Power generation
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
771,000,000
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
28.11.2024
oda_SalesConditions|
Sales Conditions
Diğer (Other)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
393,145,100
oda_SalesPricePerShare|
Sales Price Per Share
3.22
oda_TotalSalesValue|
Total Sales Value
1,266,340,474.47
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
50.99%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
Direct:0%, Indirect: 50.99 %
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
Direct:0%, Indirect: 50.99 %
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
1.96%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
9.68%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
No effect
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
-
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Consus Energy Europe B.V.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
100 % subsidiary
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
28/11/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Book value
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
As the intra-group transfer is conducted based on book value and is not mandatory under relevant regulation, a valuation report has not been prepared.
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|

As of today, 393,145,100 shares representing 50.99% of the capital of our subsidiary, Consus Enerji İşletmeciliği ve Hizmetleri A.Ş. ("CONSE"), have been transferred to another subsidiary wholly owned by our Company, Consus Energy Europe B.V. ("Consus Energy BV"), established in the Netherlands.

The purpose of this transfer is to establish an intermediary layer between our Company and CONSE, within the scope of CONSE's current investments in the Bahamas and potential new investment opportunities in the region. This transfer does not result in any change to the ultimate shareholding structure of CONSE. Our Company will continue to indirectly own CONSE shares, which were previously held directly, through Consus Energy BV.

Since the transfer does not result in a change in management control under Article 12 of the Capital Markets Board's Communiqué on Takeover Bids ("Communiqué"), Consus Energy BV is not obliged to make a tender call pursuant to Article 14/1-ç of the Communiqué.

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

Respectfully announced to the public.