[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
13/02/2024
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 Enerji Dağıtım AŞ
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Distribution of gaseous fuels through the main grid and other
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
TL 895.150.000,00
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
Transaction is planned to be completed upon obtaining necessary permits.
oda_SalesConditions|
Sales Conditions
Henüz Belli Değil (Not Determined Yet)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
TL 895,150,000.00
oda_SalesPricePerShare|
Sales Price Per Share
To be decided at closing.
oda_TotalSalesValue|
Total Sales Value
To be decided at closing.
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 (%)
0
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 (%)
To be decided at closing.
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
To be decided at closing.
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Termination of affiliate relationship
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
To be decided at closing.
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
Palmet Enerji AŞ
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
No
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
13/02/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiated procedure
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
It is not obligatory to prepare valuation report.
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|

Within the framework of the investment policies and strategies of Zorlu Group, including our Company; It has been decided to sell all of the 895,150,000 shares with a nominal value of TL 1 each representing the capital of our subsidiary "Zorlu Enerji Dağıtım AŞ", in which our Company participates 100% in the capital, together with all its rights and debts, to Palmet Enerji AŞ, registered in the Istanbul trade registry with registration number of 201308-0, provided that legal permissions are obtained and payment of the share purchase amount to be adjusted according to the terms and conditions of the Agreement is made on the Closing Date. In this regard, the "Share Purchase Agreement" was signed between the parties on 13/02/2024 (today).

Due to the uncertainty of the transaction until the negotiations between the parties regarding the sale of shares are concluded with the conclusion of the contract, it has been decided to postpone the public disclosure of the said information with the decision of the Board of Directors dated 29/11/2023, within the scope of Article 6 of the Capital Markets Board's Communiqué on Material Events, in order to avoid misleading investors and adversely affecting the bargaining power of our Company.

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.