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English
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|http://www.xbrl.org/2003/role/terseLabel
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08.06.2023, 04.08.2023
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Within the scope of our application for the contingent convertible debt instrument issue dated 4 August 2023, the issuance certificate with a nominal issue limit of TRY 3,547,703,506 approved by the Capital Markets Board, the annexes to the issuance certificate and the application form are attached herewith.
In our application, it has been requested the debt instrument issue limit and the conversion price be determined as;
1) to be corresponded to the amount of shares (66,937,802) sold by Erdemoğlu Holding A.Ş. to qualified institutional investors located outside Türkiye on 12 June 2023 and
2) the conversion price for converting the debt instrument into shares to be equal to the share price in the transaction (TRY 53.00).
Based on this request, the conversion price has been determined as TRY 53.000, taking into account the higher price as shown below;
i) The base price determined by averaging the weighted average prices of the past 10 business days backwards starting from the business day prior to the issue date and by rounding the result to the closest price tick.
ii) TRY 53, which is the share sales transaction price dated 12 June 2023 carried out by Erdemoğlu Holding A.Ş.
and the nominal amount of contingent convertible debt instrument to be issued has been determined as TRY 3,547,703,506 (66,937,802 shares at a price of TRY 53,00 each).
If the conversion process is realized, the conversion will be done at the share price (TRY 53.00) determined in the sale transaction carried out by Erdemoğlu Holding A.Ş. on 12 June 2023, and a number of new shares exactly equal to the sold shares will be issued and given to Erdemoğlu Holding A.Ş..
In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.
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