[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetAcquisitionAbstract|
Noncurrent Financial Asset Acquisition
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
14.05.2019
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForAcquisition|
Board Decision Date for Acquisition
22/12/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Yes
oda_TitleOfNoncurrentFinancialAssetAcquired|
Title of Non-current Financial Asset Acquired
Toros Gönen Yenilenebilir Enerji Üretim A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
Production and sale of biogas and organic/organomineral fertilizers
oda_CapitalOfNoncurrentFinancialAsset|
Capital of Noncurrent Financial Asset
110.000.000 TL
oda_AcquirementWay|
Acquirement Way
Satın Alma (Purchase)
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
01.03.2024
oda_AcquisitionConditions|
Acquisition Conditions
Peşin (Cash)
oda_DetailedConditionsIfItIsATimedPayment|
Detailed Conditions if it is a Timed Payment
-
oda_NominalValueOfSharesAcquired|
Nominal Value of Shares Acquired
33.000.000 TL
oda_PurchasePricePerShare|
Purchase Price Per Share
3,000 USD (share price equivalent to 100 TL nominal)
oda_TotalPurchasingValue|
Total Purchasing Value
1,000,000 USD
oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
30%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
100%
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
100%
oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.08%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0.10%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Increase the market share of Toros Agri's product portfolio in the production and sale of organic and organomineral fertilizers, allowing the transformed biological waste outputs to be used as inputs for the green economy.
oda_DidTakeoverBidObligationArised|
Did Takeover Bid Obligation Arised?
Hayır (No)
oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
Will Exemption Application be Made, if Takeover Bid Obligation Arised?
Hayır (No)
oda_TitleNameSurnameOfCounterParty|
Title/ Name-Surname of Counter Party
Hasan Alper Önoğlu, Ahmet Taner Önoğlu
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|
Relation with Counter Party if any
Shareholders in Toros Gönen Yenilenebilir Enerji A.Ş. with a stake of 15% and 15% respectively.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
01/03/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiation
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Transaction amount is below the treshold values of Communique on Corporate Governance and due to insignificant share in Tekfen Holding's current financials
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|

According to our disclosure dated 14.05.2019, it was announced that our subsidiary Toros Tarım Sanayi ve Ticaret A.Ş. (Toros Agri) has purchased 70% of the shares of Gönen Yenilenebilir Enerji Üretim A.Ş.

On 01.03.2024, a share purchase agreement has been signed for the acquisition of the remaining 30% shares of Toros Gönen Yenilenebilir Enerji Üretim A.Ş. by our subsidiary Toros Tarım Sanayi ve Ticaret A.Ş. for a price of 1,000,000 USD.

Toros Gönen Yenilenebilir Enerji operates a licensed biogas plant with an installed capacity of 3.62 MW for electricity production and has a production capacity of 35,000 tons of organomineral fertilizer in Balıkesir. Our subsidiary Toros Meram Yenilenebilir Enerji owned by Toros Gönen Yenilenebilir Enerji, located in Konya, operates a licensed biogas plant with an installed capacity of 6 MW for electricity production and has a production capacity of 75,000 tons of organomineral fertilizer.

In total, Toros Gönen Yenilenebilir Enerji has a capacity of 9.62 MW for electricity production and 110,000 tons for organomineral fertilizer production.