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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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09.08.2024
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Evet (Yes)
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At the meeting of our Board of Directors on 04.03.2025, within the framework of the investment policies and strategies of Zorlu Group, in which our Company is included, and according to our material event disclosure dated 09.08.2024; after approximately 3 months of negotiations, it was decided to sign Share Purchase Agreement with the Phoenix Group, domiciled in Israel, for the sale of our entire 25% shares in Dorad Energy Ltd. ("Dorad"), which is also domiciled in Israel.
The planned share transfer is subject to the approval of Dorad's Board of Directors and will be executed with contractual price adjustments upon obtaining the necessary legal approvals and fulfilling the contractual conditions. Once the transaction is completed, our Company will no longer hold any shares in Dorad.
Under Dorad's Shareholders' Agreement, other shareholders have right of first refusal over 15% of our 25% shares. If this right of first refusal is not exercised, our entire 25% shares will be transferred to Phoenix Group under the same conditions.
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