[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
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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
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
29/09/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Zorlu Elektrik Enerjisi İthalat İhracat ve Toptan Ticaret AŞ ("Zorlu Elektrik"), Nemrut Jeotermal Elektrik Üretimi AŞ ("Nemrut Jeotermal")
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Zorlu Elektrik: Wholesale purchase and sale of electrical energy and/or capacity within the country in accordance with electrical energy legislation. Nemrut Jeotermal: To develop projects to meet all kinds of energy, steam and heat needs in accordance with the Electricity Market Law and EMRA regulations.
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
Zorlu Elektrik: TL 247,000,000, Nemrut Jeotermal: TL 50,000
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
29.09.2023
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
Zorlu Elektrik: TL 24,700,000,000, Nemrut Jeotermal: TL 50,000
oda_SalesPricePerShare|
Sales Price Per Share
Zorlu Elektrik: TL 0.01, Nemrut Jeotermal: TL 1
oda_TotalSalesValue|
Total Sales Value
Zorlu Elektrik: TL 247,000,000, Nemrut Jeotermal: TL 50,000
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 100% share
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
Direct 0%, Indirect 100% share
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
Zorlu Elektrik: 0.33%, Nemrut Jeotermal: 0.0001%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
Zorlu Elektrik: 0.82%, Nemrut Jeotermal: 0.0002%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Positive
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
There is no any effect.
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
Zorlu Yenilenebilir Enerji AŞ
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
Zorlu Yenilenebilir Enerji AŞ is a 100% direct subsidiary of Zorlu Enerji Elektrik Üretim AŞ.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
It is determined based on the nominal share price.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
There is no legal obligation.
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 establish a more effective and focused structure in renewable energy activities and to evaluate the public offering of the shares of Zorlu Yenilenebilir Enerji AŞ (''Zoryen''), a wholly-owned subsidiary of the Company; the Board of Directors of Zorlu Enerji Elektrik Üretim AŞ (''Zorlu Enerji'') resolved at its meeting held on 29.09.2023 to transfer Zorlu Enerji's shares in Nemrut Jeotermal Elektrik Üretimi AŞ ("Nemrut Jeotermal") and Zorlu Elektrik Enerjisi İthalat İhracat ve Toptan Ticaret AŞ ("Zorlu Elektrik") to Zoryen at nominal share values in accordance with the relevant legislation, and that the payment will be made by deducting the transaction prices from Zoryen's receivables from Zorlu Enerji. The shares of the affiliates transferred and their values are stated below:

a) all of 50,000 shares of Nemrut Jeotermal, which is 100% owned by Zorlu Enerji, with a nominal value of TL 50,000, and

b) all of 24,700,000,000 shares of Zorlu Elektrik, which is 100% owned by Zorlu Enerji, with a nominal value of TL 247,000,000.

The share transfers have been completed on 29.09.2023 (today).

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.