[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetAcquisitionAbstract|
Noncurrent Financial Asset Acquisition
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
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Evet (Yes)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForAcquisition|
Board Decision Date for Acquisition
04/12/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Yes
oda_TitleOfNoncurrentFinancialAssetAcquired|
Title of Non-current Financial Asset Acquired
Levent Baza Gayrimenkul Yatırım AŞ
oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
Property management activities performed on a fee or contract basis
oda_CapitalOfNoncurrentFinancialAsset|
Capital of Noncurrent Financial Asset
1,000,000 TL
oda_AcquirementWay|
Acquirement Way
Satın Alma (Purchase)
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
04.12.2024
oda_AcquisitionConditions|
Acquisition Conditions
Peşin (Cash)
oda_DetailedConditionsIfItIsATimedPayment|
Detailed Conditions if it is a Timed Payment
-
oda_NominalValueOfSharesAcquired|
Nominal Value of Shares Acquired
1,000,000 TL
oda_PurchasePricePerShare|
Purchase Price Per Share
502.46 TL
oda_TotalPurchasingValue|
Total Purchasing Value
502,464,000 TL
oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
100%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
100%
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
100%
oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.3%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0.5%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Expected to have a positive impact.
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
Zorlu Gayrimenkul Geliştirme ve Yatırım AŞ
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|
Relation with Counter Party if any
Related Party
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
04/12/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
The arithmetic average of the amounts determined by the Discounted Cash Flow (DCF) and Net Asset Value (NAV) methods was taken
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
-
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
04.12.2024
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Ernst & Young Kurumsal Finansman Danışmanlık AŞ
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
502,464,000 TL
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
Suitable
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

In the meeting of our Company's Board of Directors dated 04.12.2024, in accordance with the investment policies and strategies of the Zorlu Group, which our Company is also a part of, it was decided that all of the shares representing the capital of Levent Baza Gayrimenkul Yatırım AŞ, a Zorlu Group company, which is fully owned by Zorlu Gayrimenkul Geliştirme ve Yatırım AŞ and which owns the fixed asset that Vestel Ticaret AŞ, a wholly-owned subsidiary of our Company, currently uses to manage our marketing operations would be purchased by our subsidiary Vestel Ticaret AŞ for a total consideration of 502,464,000 TL, of which  192,100,000 TL would be paid in cash by Vestel Ticaret AŞ and  310,364,000 TL would be paid by Zorlu Holding as a deduction from Vestel Ticaret AŞ's other receivables from Zorlu Holding,  within the framework of the valuation report dated 04.12.2024 prepared by Ernst Young Kurumsal Finansman  Danışmanlık AŞ, licensed by the Capital Markets Board, in order to strengthen Vestel's global brand image and marketing strategies, manage marketing operations, and also reduce operational costs and increase revenues. The share transfer was completed on 04.12.2024 (today).

Since it has been decided that the intra-group purchase transaction will be subsequently evaluated by the Company's Board of Directors  within the framework of the valuation report to be prepared, the public announcement was postponed by the Board of Directors' decision dated 25.04.2023 until the purchase transaction is finalized in accordance with the Article 6 of the Capital Markets Board's Communiqué on Material Events Disclosure.

This statement was 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.