[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
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
24/05/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Ezotech Electric Ltd., Solad Energy Ltd and Adnit Real Estate Ltd
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Electricity Generation
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
Ezotech Electric Ltd., (10.000 NIS) Solad Energy Ltd (10.000 NIS) and Adnit Real Estate Ltd (10.000 NIS)
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
By fulfilling the contractual conditions and obtaining the necessary legal permissions, the transfer of shares shall be completed.
oda_SalesConditions|
Sales Conditions
Diğer (Other)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
Ezotech Electric Ltd., (4.215 NIS) Solad Energy Ltd (4.215 NIS) and Adnit Real Estate Ltd (4.215 NIS)
oda_SalesPricePerShare|
Sales Price Per Share
1 NIS
oda_TotalSalesValue|
Total Sales Value
Ezotech Electric Ltd., (4.215 NIS) Solad Energy Ltd (4.215 NIS) and Adnit Real Estate Ltd (4.215 NIS)
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
Ezotech Electric Ltd., (%42,15) Solad Energy Ltd (%42,15) and Adnit Real Estate Ltd (%42,15)
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 (%)
for Ezotech Electric Ltd %0,18, for Solad Energy Ltd and Adnit Real Estate Ltd %0,00004
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
for Ezotech Electric Ltd %0,64, for Solad Energy Ltd and Adnit Real Estate Ltd %0,0001
oda_EffectsOnCompanyOperations|
Effects on Company Operations
The affiliate relationship will be terminated.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
It will be determined upon closing.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
Not applicable.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
The shares of Ezotech Electric Ltd and Solad Energy Ltd are being sold to Edeltech Ltd, and the shares of Adnit Real Estate are being sold to Edeltech Holdings 2006 Ltd.
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
Not applicable.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
24/05/2024
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
Not required by legislation.
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 Zorlu Group's investment policies and strategies, with the aim of focusing on renewable energy projects in the medium term;
In the board meeting of our company held on 24.05.2024, it was decided to;

1. Sell our entire 4,215 shares, each valued at 1 New Israeli Shekel (NIS), in the 10,000 NIS capital of Ezotech Electric Ltd.("Ezotech"), in which we hold a 42.15% direct shares, to its other partner (57.85%) Edeltech Ltd. ("Edeltech") for 5,405,406 USD, together with all rights and obligations, provided that the necessary conditions are met and legal permissions are obtained (As a result of this sale, our indirect subsidiaries Ashdod Energy Ltd. and Ramat Negev Energy Ltd., both 100% subsidiaries of Ezotech, along with the Ashdod and Ramat Negev natural gas power plants, will also be transferred to Edeltech.) Additionally, within the scope of this sale, our financial receivable, amounting to 28,918,919 USD, will be collected from Ezotech;

2. Sell our entire 4,215 shares, each valued at 1 NIS, in the 10,000 NIS capital of Solad Energy Ltd. ("Solad"), in which we hold a 42.15% direct shares, to its other partner (8.85%) Edeltech for the nominal value of the shares, 4,215 NIS, together with all rights and obligations, provided that the necessary conditions are met and legal permissions are obtained.Additionally, within the scope of this sale, our financial receivable, amounting to 4,324,324 USD, will be collected from Edeltech Energy Lines Ltd. and Edeltech;

3. Sell our entire 4,215 shares, each valued at 1 NIS, in the 10,000 NIS capital of Adnit Real Estate Ltd. ("Adnit"), in which we hold a 42.15% direct shares, to its other partner (57.85%) Edeltech Holdings 2006 Ltd. for the nominal value of the shares, 4,215 NIS, together with all rights and obligations, provided that the necessary conditions are met and legal permissions are obtained.

Within this scope, provided that the contractual conditions are met and legal permissions are obtained, separate "Share Purchase Agreements" for the sale of Ezotech, Solad, and Adnit companies have been signed today, on 24.05.2024.

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 pervail.