[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
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Evet (Yes)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
22/06/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
ZES Solar Enerji Tedarik ve Ticaret A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Leasing, selling, purchasing, exporting solar photovoltaic (PV) panels, providing installation and consultancy services.
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
18.000.000 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
22.06.2023
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
18.000.000 TL
oda_SalesPricePerShare|
Sales Price Per Share
1 TL
oda_TotalSalesValue|
Total Sales Value
18.000.000 TL
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
100%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
Direct 0%, Indirect 50%-1 share
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
Direct 0%, Indirect 50%-1 share
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,03%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
3,88%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Positive
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
1.149.020.660 TL according to the statutory financial statements.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
It will be used in the capital increase of the associate company for operational growth.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
22.06.2023
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Electrip Global Limited
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
Electrip Global Limited is a direct subsidiary of Zorlu Enerji Elektrik Üretim A.Ş.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
22/06/2023
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
It has been determined by mutual agreement within the framework of the terms of the contract.
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
31.05.2023
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Ernst and Young- Güney Bağımsız Denetim ve SMMM A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
47.5 million USD
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
The transaction was carried out in accordance with the valuation report.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

It has been resolved to sell all of the shares in ZES Solar Enerji Tedarik ve Ticaret A.Ş., one of our wholly-owned subsidiaries,to Electrip Global Limited, a company incorporated in Jersey in which we hold a 50%-1 share, for a total consideration of USD 49,400,000, provided that the price adjustments are to be made if the adjustment conditions under the Share Purchase Agreement are fulfilled, and the related share transfer has been completed as of today.

In addition, for the purposes of operational growth, it has been decided to participate in the capital increase of Electrip Global Limited in the amount of EUR 45,850,000.

Our Company has decided to postpone the announcement until the negotiations are concluded with the resolution of Board of Directors dated 13.03.2023 and numbered 2023/19 in accordance with Article 6 of the Material Events Communiqué numbered II-15.1 in order to prevent harm to the legitimate interests of our Company and misleading our investors. This disclosure is made within the scope of the relevant legislation provisions as the reason for the postponement has been lifted.

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.