|
Related Companies
|
[]
|
||||||||
|
Related Funds
|
[]
|
||||||||
|
|
|||||||||
|
English
|
|||||||||
|
oda_MaterialEventDisclosureGeneralAbstract|
|
|
||||||||
|
oda_UpdateAnnouncementFlag|
|
|
Evet (Yes)
|
|||||||
|
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
|
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
06.06.2023
|
|||||||
|
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
|
oda_AnnouncementContentSection|
|
|
||||||||
|
oda_ExplanationSection|
|
|
||||||||
|
oda_ExplanationTextBlock|
|
Pursuant to the Letter of Intent signed and announced to public on June 6, 2023, negotiations with the Turkish technology company ICRON were concluded and Sisecam Investment B.V., a 100% subsidiary of our Company, was recommended to become a partner in ICRON with our Board of Director's resolution dated October 23, 2023. Within the framework of the resolution, a Share Purchase Agreement through Capital Increase has been signed by Sisecam Investment B.V. and ICRON on October 23, 2023. In accordance with the Share Purchase Agreement, Sisecam Investment B.V. will initially have 15.66% stake in ICRON, which will gradually increase to a final stake of 33.09% through incremental investments. The term of the agreement also includes a share purchase option right allowing Sisecam Investment B.V. to increase its stake up to 49% in ICRON in future. Realization of aforementioned partnership is subject to the approval of Turkish Competition Authority and the completion of other relevant closing conditions. Further material developments will be announced to our investors in due course within the framework of the relevant legislation. The relevant press release can be found attached. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
||||||||