[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetAcquisitionAbstract|
Noncurrent Financial Asset Acquisition
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_BoardDecisionDateForAcquisition|
Board Decision Date for Acquisition
15/06/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Yes
oda_TitleOfNoncurrentFinancialAssetAcquired|
Title of Non-current Financial Asset Acquired
H2O Bilişim Yazılım Elektronik Sağlık Hizmetleri Sanayi ve Ticaret Anonim Şirketi
oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
Digital Health Technologies
oda_CapitalOfNoncurrentFinancialAsset|
Capital of Noncurrent Financial Asset
TL 6.388.889,00
oda_AcquirementWay|
Acquirement Way
Sermaye Artırımı Yoluyla Edinim (Capital Increase)
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
23.06.2023
oda_AcquisitionConditions|
Acquisition Conditions
Vadeli (Timed)
oda_DetailedConditionsIfItIsATimedPayment|
Detailed Conditions if it is a Timed Payment
Explained below.
oda_NominalValueOfSharesAcquired|
Nominal Value of Shares Acquired
TL 638.889,00
oda_PurchasePricePerShare|
Purchase Price Per Share
USD 1,565217
oda_TotalPurchasingValue|
Total Purchasing Value
USD 1.000.000,00
oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
10,00
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
10,00
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
10,00
oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,57
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0,42
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Positive Impact is expected
oda_DidTakeoverBidObligationArised|
Did Takeover Bid Obligation Arised?
Hayır (No)
oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
Will Exemption Application be Made, if Takeover Bid Obligation Arised?
Hayır (No)
oda_TitleNameSurnameOfCounterParty|
Title/ Name-Surname of Counter Party
-
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|
Relation with Counter Party if any
-
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
16/06/2023
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiation
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
-
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
29.03.2023 / GLB KF 2023/04
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Global Menkul Değerler A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
USD 44.970.463
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
It has been determined as discounted due to possible collaborations between Gen İlaç and h2o Bilişim.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

-Unofficial Translation-

As a result of the search for new products, new production-sales-distribution relations/regions and new partnerships in line with their growth and innovation strategies our company Gen İlaç ve Sağlık Ürünleri San. ve Tic. A.Ş. ("GEN") decided to conversion of the loan given to the H2O Bilişim Yazılım Elektronik Sağlık Hizmetleri Sanayi ve Ticaret Anonim Şirketi ile ("h2o Bilişim") which operates in digital health software field within the framework of convertible loan agreement signed between GEN h2o Bilişim. In addition to converstion from loan to the share transaction GEN decided to the make additional investment to the h2o Bilişim.

Share purchase and shareholders agreement for this investment signed on 16.06.2023. Within the framework of this agreement GEN decided to invest USD 1.000.000,00 ( One Million US Dollars). TL 1.800.000 (One Million Eight Hundred Thousand Turkish Liras) part of this investment will convert from convertible loan within the framework of convertible loan agreement signed on 10.4.2023, TL 638.889 (Six Hundred Thirty Eight Thousand Eight Hundred Eighty Nine Turkish Liras) part of the investment which is equal to increased capital paid on 15.06.2023 and remaining part will be paid until 31.07.2023.

Within the framework of this agreement source provided to the h2o Bilişim will be used for fulfilment of h2o Bilişim's growth strategies and needs of products developed by h2o Bilişim especially FDA approved product Parky

About h2o Bilişim

h2o Therapeutics, established in 2014, operates in the Digital Health Software field. Until today, h2o Therapeutics developed digital software products named "Parky" and "Foggy" which can be used in the monitoring and treatment of Parkinson's disease, and "Covie" digital software which can be used in the early detection of Covid-19. "Parky" is a prescription digital therapeutics product that received 510(k) clearance from the US FDA. The clinical validation was conducted by Apple.

As a member of US-based Digital Therapeutics Alliance, h2o Therapeutics maintains its activities in the emerging field of Prescription Digital Therapeutics.