[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
27/01/2022
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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As previously announced in our Company's Public Disclosure dated 27.01.2022, Board of Directors of our 30% subsidiary RWE & Turcas Güney Elektrik Üretim A.Ş. ("RTG") had decided to reduce the Company's total share capital by TRY 275,000,000 from TRY 1,874,681,920 to TRY 1,599,681,920. The above mentioned capital decrease transaction has been approved by the shareholders at RTG's Extraordinary General Assembly Meeting held today (15.02.2022).

Following the transaction, there will not be any change in the 30% shareholding ratio of Turcas Petrol A.Ş. at RTG. The portion of our Company in the related capital decrease is 82,500,000 TL (30% of the share capital decrease amount) and this amount is anticipated to be paid by RTG to our Company in cash after the completion of relevant legal procedures -- until end of 2022 first half --.

The developments regarding this subject will be shared with the public subsequently.

Best regards,