[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
25.12.2023, 21.10.2023, 06.06.2023
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForAcquisition|
Board Decision Date for Acquisition
23/10/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Since Sisecam Investment B.V. is a non-public company, there are no independent board members on its board of directors.
oda_TitleOfNoncurrentFinancialAssetAcquired|
Title of Non-current Financial Asset Acquired
ICRON Teknoloji Bilişim Anonim Şirketi
oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
Computer programming activities
oda_CapitalOfNoncurrentFinancialAsset|
Capital of Noncurrent Financial Asset
1.000.000 TRY
oda_AcquirementWay|
Acquirement Way
Satın Alma (Purchase)
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
15.01.2024
oda_AcquisitionConditions|
Acquisition Conditions
Peşin (Cash)
oda_DetailedConditionsIfItIsATimedPayment|
Detailed Conditions if it is a Timed Payment
-
oda_NominalValueOfSharesAcquired|
Nominal Value of Shares Acquired
30.000 TRY
oda_PurchasePricePerShare|
Purchase Price Per Share
3.011,55 TRY
oda_TotalPurchasingValue|
Total Purchasing Value
90.346.500 TRY
oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
%3
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
%3
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
%3
oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
%0,04
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
%0,09
oda_EffectsOnCompanyOperations|
Effects on Company Operations
It is expected to be positive.
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
Ali Tamer Ünal, Gürer Ünal ve Ahmet İhsan Ertuğrul
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_RelationWithCounterPartyIfAny|
Relation with Counter Party if any
-
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
23/10/2023
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiation Method
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
In the negotiation process, valuation studies conducted with combining the market multiplier and DCF method were used.
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|

In accordance with the Share Purchase Agreement through Capital Increase, dated October 23, 2023 and signed by Sisecam Investment B.V., a 100% subsidiary of our Company, and Icron Teknoloji Bilişim A.Ş., and Competition Board approval dated December 21, 2023, Sisecam Investment B.V.  acquired 3% stake in ICRON for a cash payment of 3 million USD on January 15, 2024 in proportion to the shares of its existing partners.

Simultaneously with the said share purchase and in line with the decision taken at the Closing General Assembly meeting held on January 15, 2024, ICRON's capital will be increased for 5 million USD by the sole participation of Sisecam Investment B.V., and following the capital increase Sisecam Investment B.V.'s stake in ICRON will rise to 15.66 %. Completion of the trade registry processes for the capital increase and the articles of association amendments will be disclosed to the public in due course within the framework of the relevant legislation.

As stated in the initial public disclosure regarding ICRON investment made on October 23, 2023, the Share Purchase Agreement, concluded with Icron Teknoloji Bilişim A.Ş., includes a share purchase option right allowing Sisecam Investment B.V. to gradually increase its stake up to 49% in ICRON in future.

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.