Istanbul, June 28, 2018
Announcement Regarding the Incorporation of a Company within the Framework of Turkey's Automobile Project
With reference to our announcement dated November 2, 2017, and following the work undertaken by Joint Initiative Group, in which our Company is a party, the incorporation and registration procedures of "Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş.", which is established primarily to produce electric passenger car and to carry out supporting activities within the framework of the Turkey's Automobile Project, have been completed. Our Company participates as a founding partner with 19% shareholding in the respective company.
Board Decision Date for Acquisition
:
28.03.2018
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition
Title of Non-current Financial Asset Acquired
Field of Activity of Non-current Financial Asset whose Shares were being Acquired
:Yes
: :
Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş.
To produce mainly electric passenger car and to carry out supporting activities
Capital of Noncurrent Financial Asset
Acquirement Way
Date on which the Transaction was/will be Completed
Acquisition Conditions
: : : :
TRY 20,000,000
Incorporation 28.06.2018
Timed
Detailed Conditions if it is a Timed Payment
:
¼ of capital subscribed as per the articles of association of the company is paid before registry, remaining ¾ will be paid in the following 3 months after registry.
Nominal Value of Shares Acquired
Purchase Price Per Share
Total Purchasing Value
: : :
TRY 3,800,000
TRY 1
TRY 3,800,000
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)
: 19%
: 19%
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
: 19%
: 0.01%
: 0.02%
Effects on Company Operations
Did Takeover Bid Obligation Arised?
Will Exemption Application be Made, if Takeover Bid Obligation Arised?
Title/ Name-Surname of Counter Party
Is Counter Party a Related Party According to CMB Regulations?
Relation with Counter Party if any
Agreement Signing Date if Exists
Value Determination Method of Non-current Financial Asset
Did Valuation Report be Prepared?
: : : : : : : : :
-
No
No -
No -
-
-
No
Reason for not Preparing Valuation Report if it was not Prepared
: Not required by the legislation.
Date and Number of Valuation Report
Title of Valuation Company Prepared Report
: :
- -
Value Determined in Valuation Report if Exists
:
-
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
For more information: Turkcell Investor Relationsinvestor.relations@turkcell.com.tr Tel: + 90 212 313 1888
:
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Disclaimer
Turkcell Iletisim Hizmetleri AS published this content on 28 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 June 2018 16:03:02 UTC