Mavi Giyim Sanayi ve Ticaret : 25 May 2023Extension of Eflatun Share Option Agreement
May 24, 2023
Share
The option right in the Share Option Agreement ("Agreement"), which had been signed between Mavi Giyim Sanayi ve Ticaret A.Ş. and Fatma Elif Akarlılar and Seyhan Akarlılar ("Shareholders of Shares Subject to Option") on 30 April 2017 and the main principles of which had been disclosed to public in the section 21.7 of the initial public offering prospectus and extended for 3 (three) years from 1 February 2021 with the Additional Protocol for Extension dated 20 May 2020, determining the call option for the acquisition of the shares corresponding to 49% of the capital of our subsidiary ("Shares Subject to Option"), Eflatun Giyim Yatırım Ticaret Anonim Şirketi ("Eflatun"), is extended for 5 (five) more years as of the maturity date 1 February 2024 with an Additional Protocol.
With the Additional Protocol, the clause in the Agreement stating that "the share purchase option can only be exercised once a year for all of the Shares Subject to Option" is revised as "the share purchase option can only be exercised once a year and for all of the Shares Subject to Option, or can also be exercised only once a year and for shares in different ratios, provided that they are at least 50% of the Option Shares owned by Shareholders of Shares Subject to Option independently of each other.".
We respectfully present the information of the public.
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.
Mavi Giyim Sanayi ve Ticaret AS published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 09:15:03 UTC.
Mavi Giyim Sanayi ve Ticaret AS is a Turkey-based company, which designs and manufactures apparel and accessories, under the Mavi brand, for both women and men. The Company offers pants, jackets, shirts, shorts, dresses, skirts, and joggers. The Company operates more than 390 mono-brand Mavi stores with particular presence in Turkey, the United States (following the acquisition of Mavi USA), Canada (following the acquisition of Mavi Canada), Europe (centered on Germany) and Russia, more than 5,000 global points of sale, as well as an online store. It has a retail base in Turkey with more than 200 mono-brand retail stores, more than 60 franchise-operated mono-brand retail stores and more than 400 multi-brand points of sale across the country. Its wholesale partners include Nordstrom, Bloomingdaleâs and Peek & Cloppenburg.
MAVI GIYIM SANAYI VE TICARET 
