[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
27/12/2019
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
27/12/2019
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
YES
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
İSTANBUL GIDA DIŞ TİCARET A.Ş
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
EXPORT AND MARKETING ACTIVITIES OF ULKER PRODUCTS
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
20,250,000 TRY
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
27/12/2019
oda_SalesConditions|
Sales Conditions
Vadeli (Timed)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
20,249,999 TRY
oda_SalesPricePerShare|
Sales Price Per Share
3,8024
oda_TotalSalesValue|
Total Sales Value
77,000,000 TRY
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
99,9
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
0,01
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
0
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,62
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
1,29
oda_EffectsOnCompanyOperations|
Effects on Company Operations
No material impact.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
To be calculated in the Financial Statements as 31.12.2019
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
MUSTAFA YAŞAR SERDENGEÇTİ
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
EXECUTIVE AT COMPANIES OWNED BY PARENT COMPANY
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
27/12/2019
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
-
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
not required
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 order to expand the sales and investment organizations abroad and focus more on their developments and creating additional efficiencies, our board of directors has decided to transfer the 20.249.999 shares of  20.250.000  shares of its subsidiary İstanbul Gıda Dış Ticaret A.Ş. with an amount of 77.000.000 (seventy seven million) Turkish Lira.

Effectively as of the transfer date of the shares, the value which was created and to be created by İstanbul Gıda Dış Ticaret A.Ş. will remain under Ülker Bisküvi and as of the board resolution date of 27.12.2019 net receivable came into existence from export operations and the net distributable dividend amount will also remain under  Ülker Bisküvi. With the new business concept, İstanbul Gıda will continue its operation with a cost plus business model and continue to manage Ülker Bisküvi's export registered sales operations.
There will be no change in Ulker Bisküvi's sales, profitability and growth targets with this new structuring.