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Prysmian SPA, the indirect main shareholder of our Company, Türk Prysmian Kablo ve Sistemleri A.Ş. with a share of 83.75%, is listed on the Borsa Italiana stock market with the short code PRY. Prysmian SPA published its consolidated financial report for the accounting period between 01.01.2025 - 30.06.2025 on 31.07..2025 in accordance with the relevant Italian regulations. Indirect Parent Prysmian SPA Financial Report results are available at https://www.prysmian.com/en/investors/results-centre .
In accordance with the fourth paragraph of Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets numbered II-14.1, it has not been possible to announce the financial results of our Company at the same time or earlier than the parent company due to different obligations regarding financial reporting dates in the legislation of the relevant regulations of Italy.
This Material Event Disclosure is made pursuant to the fourth paragraph of Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets numbered II-14.1, the conditions set forth by the Resolution of the CMB Decision Making Body dated 25.01.2025 and numbered 2024/6 and the Resolution dated 23.01.2025 and numbered 4/156.
i) The financial results of the Indirect Parent Company Prysmian SPA for the accounting period 01.01.2025-30.06.2025 include our Company. ii) However, it is possible that some technical differences may occur between the information concerning our Company in the Financial Reports published by the Indirect Parent Company and the full set of financial reports to be prepared in accordance with the provisions of "Turkish Accounting Standard 29 Financial Reporting in Hyperinflationary Economies" (TAS 29) to be disclosed to the public later by our Company, mainly due to the following reasons.
- Differences in group companies included in consolidation in accordance with the Parent Company reporting principles
- Differences in index rate in accordance with IFRS and CMB and related regulations
- Valuation differences in accordance with IFRS and CMB and related regulations
- In accordance with TAS 29; differences in the application of inflation accounting
The above information has been prepared in accordance with the Capital Markets Board's Communiqué on Principles Regarding Financial Reporting in Capital Markets numbered II-14.1 and the CMB Decision No. 4/156 dated 23.01.2025 and the additional announcement regarding the Decision No. 6/137 dated 25.01.2024 announced with the Weekly Bulletin No. 2024/6 dated 25.01.2024.
a-) It has been examined by us,
b-) It does not contain any untrue statement or any omission that may be misleading as of the date of disclosure,
c-) Within the framework of the information we have as per our duties and responsibilities in the Company, we hereby declare that the prepared disclosure honestly reflects the truth.
In the event of any discrepancy in the English translation of this disclosure, the Turkish disclosure shall prevail.
It is submitted for the information of our shareholders and the public.
Sincerely,
Türk Prysmian Kablo ve Sistemleri A.Ş. |
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