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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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19.02.2019
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Hayır (No)
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In accordance with the CMB's II-17.1 Communiqué on Corporate Governance for the transactions executed between our company and our subsidiaries OPET Petrolcülük A.Ş, and THY OPET Havacılık Yakıtları A.Ş., "The Report Regarding the Common and Continuous Transactions" was prepared and approved at our Company's Board of Directors meeting on February 19th, 2019. Conclusion of the report is given below
Pursuant to Serial No. II.17.1 (Communiqué) and Article 10 of the Capital Markets Board (CMB), since the common and continuous commercial transactions executed between our company and our subsidiaries OPET Petrolcülük A.Ş, and THY OPET Havacılık Yakıtları A.Ş. exceeded 10% of the total sales revenue in 2018 and since it is expected that these transactions will continue in 2019 with the same conditions, "The Report Regarding the Common and Continuous Transactions" was prepared. The report explains the conditions of sale, pricing methodology, reasons for the application of such methodology, and the comparative situation of our transactions with our subsidiaries OPET Petrolcülük A.Ş, and THY OPET Havacılık Yakıtları A.Ş. to disclose the necessary public information. In 2018, there has been no purchase transactions with related parties exceeding the limit of 10% of the total cost of the goods sold and it is not expected to have that much purchase transactions in 2019 as well.
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.
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