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English
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oda_RelatedPartyTransactionsAbstract|
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Hayır (No)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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11.02.2021
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Hayır (No)
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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 two of the OYAK Mining Metallurgy companies Erdemir Madencilik Sanayi ve Ticaret A.Ş. and Erdemir Asia Pacific Pte. Ltd was prepared and approved at our Company's Board of Directors meeting on February 10, 2022.
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; 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; common and continuous commercial transactions from pellet, iron ore, coal purchases executed between our company and one of the OYAK Mining Metallurgy companies Erdemir Asia Pacific Pte. Ltd exceed 10% of the total cost of sales in 2021 and it is expected that these transactions will continue under the determined circumstances in 2022. 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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