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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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16.05.2025
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Hayır (No)
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As previously disclosed in our material event statements dated 15 May 2025 (yesterday) and 16 May 2025 (today), the following concession agreements executed between our Company's 99.9%-owned subsidiary, Celebi Airport Services India Pvt. Ltd. ("CASI") and the relevant Indian airport authorities have been unilaterally terminated by such authorities, due to the cancellation of security clearances on the grounds that such clearances allegedly contradict national security interests, in accordance with the provisions of the respective contracts. The formal notices regarding these terminations were served to our subsidiary on 16 May 2025 (today):
Since the commencement of its operations, our subsidiary has never engaged in any activity that would violate India's national security considerations or applicable legislation.
Our Company and its subsidiary bear no responsibility for any potential disruptions, delays, or adverse developments that may arise at Cochin, Kannur and HYD Airports as a result of the unilateral termination of the aforementioned concession agreements, including any effects on airport operations or civil aviation traffic.
Our Company will pursue all available legal and administrative remedies to challenge these unfounded allegations and to seek the annulment of the terminations.
This development concerning our subsidiary, as well as other developments regarding our Indian subsidiaries disclosed in our material event statements dated 15 May 2025 and 16 May 2025, do not pose any material risk to the Company's financial position, operations or its ability to fulfill its obligations.
In the event of any further material developments that may affect the value of our Company's shares, our shareholders shall be duly informed in accordance with applicable regulations.
This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.
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