[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[GEP]
Related Funds
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
31.08.2023
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
26/06/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Inveo Portföy Yönetimi AŞ
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Portfolio Management
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
30,000,000 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
-
oda_SalesConditions|
Sales Conditions
Vadeli (Timed)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
7,500,000 TL
oda_SalesPricePerShare|
Sales Price Per Share
3.51 TL
oda_TotalSalesValue|
Total Sales Value
26,360,069 TL
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
%25
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
%75
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
%75
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
%0.35
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
%0.77
oda_EffectsOnCompanyOperations|
Effects on Company Operations
-
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
0 TL
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Kanyon Kapital Finansal Danışmanlık Ticaret AŞ
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
-
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
26/06/2024
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Negotiation method
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
It is not mandatory.
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
-
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
-
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
-
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
Dear Stakeholders,

As Inveo Yatırım Holding AŞ, which has always believed in the role of capital markets in the economic development of our country and has contributed to the development of the sector under all circumstances; we have decided to sell 7,500,000 of our 30,000,000 shares corresponding to 25% of the capital shares of Inveo Portföy Yönetimi AŞ (Inveo Portföy), which is 100% owned by our Company, to Kanyon Kapital Finansal Danışmanlık Ticaret AŞ (Kanyon Kapital), on the condition of obtaining the necessary permissions, as announced in the Material Event Disclosure dated August 31, 2023.

In this context, an application has been submitted to the Capital Markets Board (CMB) for the transfer of Inveo Portföy shares, and as a result of the evaluation made by our Company following the written notification of the CMB regarding the application process, the decision of the Board of Directors dated August 31, 2023, has been canceled at today's meeting of our Company and the decision outlined below has been taken.

At the Board of Directors' meeting held on June 26, 2024, It has been decided;
• To cancel the decision of our Board of Directors dated 31.08.2023 and numbered 688,
• To terminate the Share Transfer and Share Option Agreement signed with Kanyon Kapital Finansal Danışmanlık Ticaret AŞ on 31.08.2023 regarding the transfer of the shares subject to the transfer and determination of the terms of the "Option Right" which gives the right to own an additional 10% of the shares,
• To sign a new Share Transfer and Share Option Agreement on the following terms.
Under the terms of the contract;

- Following the classification of 22,500,000 shares out of 30,000,000 registered shares that we own in Inveo Portföy Yönetimi AŞ ("Inveo Portföy") as Group A and 7,500,000 shares as Group B, upon obtaining the necessary permissions, Group B shares (the "Transfer Subject Shares") with a nominal value of TL 7,500,000 corresponding to 25% of the capital that we own in Inveo Portföy Yönetimi AŞ ("Inveo Portföy") will be transferred to Kanyon Kapital Finansal Danışmanlık AŞ for a total nominal value of TL 26,360,069.-, free of all encumbrances and with all rights, for a total nominal value of TL 7,500,000.-. ("Transfer Subject Shares") will be transferred to Kanyon Kapital Finansal Danışmanlık Ticaret AŞ ("Transferee" or "Kanyon Kapital"), free of all encumbrances and with all rights, at a price of TL 26,360,069, within the first business day following the General Assembly where the amendment to the articles of association was realized ("Closing Date").
- The transfer price shall be paid in 3 instalments on the first, second and third anniversaries of the "Closing Date", calculated according to the TLREF Turkish Lira Overnight Reference Interest Rate.
- Depending on the performance criteria, the transferee may have the right to purchase an additional 10% of the shares ("Option Right"). In the event that the Option Right is exercised, the Option Right Price, which will be calculated by using the TL REF Turkish Lira Overnight Reference Interest rate of the initial valuation transfer price until the date of transfer of the Shares Related to the Option Right ("Option Closing Date"), will be paid in 3 installments on the first, second and third anniversaries of the Option Closing Date, prorated according to the TLREF Turkish Lira Overnight Reference Interest rate.

A Share Transfer and Share Option Agreement has been signed with Kanyon Kapital and developments about the process will be shared with the public in the coming period.

It is respectfully announced to the public.

In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.