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English
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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13.09.2022, 14.10.2022, 25.10.2022, 15.11.2022, 03.03.2023, 07.03.2023, 12.04.2023
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Hayır (No)
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Pursuant to our material event disclosure dated 07.03.2023, the Central Bank of the Republic of Türkiye approved the extension of a 1.5 billion Turkish Lira loan under its advance loan against investment commitment (ALIC) facility to Barem Ambalaj to be used for the financing of the Company's ongoing Konya Ereğli Paper Factory investment. The term of the loan is 10 years with a 2-year grace period. The first tranche of the loan amounting to 222 million Turkish Lira is used while the remaining tranches are planned to be used in parallel with the investment.
Barem Ambalaj benefits from a number of investment incentives such as tax credit, insurance premium employer share, customs duty exemption and VAT exemption for the said investments, which are realized within the scope of the investment incentive certificate dated 06.06.2022 and numbered 537179.
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.
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