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English
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oda_RelatedPartyTransactionsAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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11.02.2020
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In accordance with the CMB's II-17.1 Communiqué on Corporate Governance, "The Report Regarding the Common and Continuous Transactions" executed between our Company and our main shareholder Ereğli Demir ve Çelik Fabrikaları T.A.Ş. and one of the OYAK Mining Metallurgy companies Erdemir Madencilik Sanayi ve Ticaret A.Ş. was prepared and approved at our Company's Board of Directors meeting on February 11, 2021.
Conclusion of the report is as follows;
''Within the frame of CMB's II-17.1 Corporate Governance Communiqué, common and continuous commercial transactions from a single-central and slab sales executed between our company and our main shareholder Ereğli Demir ve Çelik Fabrikaları T.A.Ş. exceed 10% of the total sales revenue; and
common and continuous commercial transactions from ferrous raw material purchases executed between our company and one of the OYAK Mining Metallurgy companies Erdemir Madencilik Sanayi ve Ticaret A.Ş. exceed 10% of the total cost of sales
in 2020 and it is expected that these transactions will continue under the determined circumstances in 2021. Relevant transactions are consistent with the previous years and reasonable when compared to the market conditions.''
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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