Summary Info
CMB's approval for the application regarding the transfer of Entek shares, a subsidiary of Koç Holding and Aygaz, to Tupras by partial demerger
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Related Companies
AYGAZ, KCHOL
Board Decision Date
25.04.2022
Merger Model
Merger Through Acquisition
Date Of Financial Statements Base To Merger
31.12.2021
Currency Unit
TRY
Acquired Company
Trading On The Stock Exchange/Not Trading On The Stock Exchange
Share Exchange Rate
Group of Share To Be Distributed To Acquired Company Shareholders
Form of Share To Be Distributed To Acquired Company Shareholders
ENTEK ELEKTRİK ÜRETİM A.Ş.
Not Trading On The Stock Exchange
90,97667
A
Registered

Share Group Info
Paid In Capital
Amount Of Capital To Be Increased Due To The Acquisition (TL)
Capital To Be Decreased (TL)
Target Capital
New Shares To Be Given Due To Merger
A Grubu, TUPRS, TRATUPRS91E8
250.419.199,999
24.837.314
275.256.513,999
A Grubu, TUPRS, TRATUPRS91E8
C Grubu, İşlem Görmüyor, TRETPRS00011
0,001
0,001
Paid In Capital
Amount Of Capital To Be Increased Due To The Acquisition (TL)
Capital To Be Decreased (TL)
Target Capital
TOTAL
250.419.200 TL
24.837.314 TL
0 TL
275.256.514 TL
Capital Market Board Application Date Regarding Merger
29.04.2022
Capital Market Board Application Result Regarding Merger
APPROVAL
Capital Market Board Approval Date Regarding Merger
07.07.2022
Additional Explanations

As publicly disclosed on 25.04.2022; Entek Elektrik Üretim A.Ş. ("Entek") shares with a nominal value of 942,727,458.04 TL, corresponding to 99.24% of the capital of Entek registered under the assets of Koç Holding A.Ş. ("Koç Holding") and Aygaz A.Ş. ("Aygaz"), will be acquired by partial demerger.

Capital Markets Board approved the application for the partial demerger transaction made by Tüpraş, Koç Holding and Aygaz. The approved version of the Announcement Text together with the Demerger Report and the Demerger Agreement are attached (available in Turkish).

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.

Documents Regarding Merger
Appendix: 1
Duyuru Metni 1 SPK.pdf - Announcement Text