Summary Info
CMB approval for the application regarding the resolution on transfer of Entek shares to Tüpraş by way of partial demerger through share transfer to shareholders model
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Related Companies
TUPRS, KCHOL
Board Decision Date
25.04.2022
Demerger Model
Partial demerger by way of share transfer to the shareholders
Company/Companies That Assets be Transferred Due to Demerger
Türkiye Petrol Rafinerileri A.Ş. (Tüpraş)
Scope of Activities of Company/Companies That Assets be Transferred Due to Demerger
Refinery, energy generation
Capital Increase of Company That Assets be Transferred Due to Demerger
12.418.659
Will Be Applied to Stock Exchange For Listing of Company That Assets be Transferred Due to Demerger?
No
Currency Unit
TRY
Date Of Financial Statements Base To Demerger
31.12.2021
Paid-in Capital (TL)
300.000.000
Target Capital (TL)
219.800.767
Share Group Info
Paid-in Capital (TL)
Share Exchange Rate
Capital To Be Decreased Due To Demerger (TL)
Capital To Be Decreased Due To Demerger (%)
Amount Of Bonus Issue From Internal Resources Due to Demerger (TL)
Rate Of Bonus Issue From Internal Resources Due to Demerger(%)
New Shares'' ISIN
Amount of Shares Issued Due To Demerger
AYGAZ, TRAAYGAZ91E0
300.000.000
0,15485
80.199.233
26,73307
TRATUPRS91E8
12.418.659
Capital Market Board Application Date Regarding Demerger
29.04.2022
Capital Market Board Application Result Regarding Demerger
APPROVAL
Capital Market Board Approval Date Regarding Demerger
07.07.2022
Additional Explanations

As publicly disclosed on 25.04.2022; within the framework of our Company's strategic plans, with the target to create value by using Aygaz's existing equity and borrowing capacity by focusing especially on international LPG investments and other business areas such as cargo distribution, it has been resolved to transfer Entek Elektrik Üretim A.Ş. ("Entek") shares in our Company's assets which corresponds to 49.62% of the registered Entek capital, to Türkiye Petrol Rafinerileri A.Ş. ("Tüpraş") through a partial demerger transaction through the model of share transfer to Aygaz shareholders. Simultaneously, the Entek shares registered in the assets of our controlling shareholder Koç Holding A.Ş. will be transferred to Tüpraş through a partial demerger transaction through the associates model.

Capital Markets Board approved the application for the partial demerger transaction made by Aygaz, Koç Holding and Tüpraş. The approved version of the Announcement Text together with the Demerger Report, the Demerger Agreement and the draft amendment of our Company's Articles of Association are attached (available in Turkish).

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
Documents Regarding Demerger
Appendix: 1
KAP Bölünme Raporu 2022 07 07.pdf - Demerger Report
Appendix: 2
KAP Bölünme Sözleşmesi 2022 07 07.pdf - Demerger Contract
Appendix: 3
Esas Sözleşme Tadil Tasarısı.pdf - Other