[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
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_BoardDecisionDateForSale|
Board Decision Date for Sale
26/07/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
OYAK Çimento Fabrikaları A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Cement Production
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
1.246.578.406 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
29/07/2024
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
52.813.366,646 TL
oda_SalesPricePerShare|
Sales Price Per Share
73.18 TL Per share
oda_TotalSalesValue|
Total Sales Value
3.864.882.171,154 TL
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
%4,24
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
%0
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
%0
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
%15,07
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
%28,85
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Strengthening the balance sheet / Positive
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
In Nuh Çimento's 2024 consolidated income statement, approximately 600 million TL is expected as subsidiary sales gain and 1.6 billion TL as equity increase, and the final amount will be shown in the financial statements.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
The long-term growth strategy of the Group Companies will be evaluated in the development of their financial situation.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
TCC OYAK AMSTERDAM HOLDINGS B.V.
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
It is not a related party.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Calculated with the approval of the Capital Markets Board in accordance with Article 26 of the Capital Markets Law No. 6362 and the Takeover Offer Communiqué (II-26.1) ("Communiqué").
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 necessary.
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|

1.73% of Oyak Cement Factories belong to Nuh Beton A.S., one of our partnerships. 2.51% belongs to Nuh Gayrimenkul A.S., one of our partnerships. A total of 4.24% of Oyak Cement is indirectly owned by Nuh Cement A.S.

Concrete Inc. and Nuh Gayrimenkul Insaat A.S. with the board of directors decisions dated 26.07.2024;

OYAK Cement Factories A.Sh. July 16-July 29, 2024, in accordance with the Mandatory Share Purchase Offer, it was decided to sell all 52,813,366 shares with a nominal value of TL 1.00 belonging to the Company owned by our subsidiaries at a unit share value of TL 73.18, which was determined as the share purchase offer price, within the scope of the obligation to make a share purchase offer arising under the provisions of the Capital Markets Board's Communiqué II–26.1 due to the change of management control.