[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
31.07.2023
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_ExplanationSection|
Explanations
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-Unofficial Translation-

Signature of shareholders agreement between GEN, Azerbaijan Investment Corporation (AIC) and SIA Pharmaceutical LLC related to the establishment of first drug manufacturing facility was disclosed on 31.07.2023 ( https://www.kap.org.tr/en/Bildirim/1177261 )

According to the this shareholder agreement, GEN will have 66%,  AIC (Azerbaijan Investment Company) will have 29% and SIA Pharmaceutical LLC will have 5% shares on Gen Pharma Caucaus Manufacturing Operations Ltd. and first drug manufacturing facility of Azerbaijan will be established by this company.

Information given to our party about formation of a company named "Gen Pharma Caucasus Manufacturing Operations MMC" according to the Azerbaijan regulations and registration of company by Azerbaijan's related authority o n 06.10.2023.

After this phase completion of necessary preparations for build of first durg manufacturing facility which is main goal of the company and starting to the construction phase as soon as possible is aimed.

New developments regarding the project and the process will be shared with the public in accordance with the regulations the CMB of Türkiye II-15.1 Material Events Disclosure Comminuque.