SODA SANAYII A.S. KAMUYU AYDINLATMA PLATFORMU
SODA SANAYİİ A.Ş.
Non-current Financial Asset Acquisition
Summary Info
Announcement Regarding the Purchase of Share
Related Companies [SISE]
Related Funds []
Noncurrent Financial Asset Acquisition
Noncurrent Financial Asset Acquisition | |
Update Notification Flag | Hayır (No) |
Correction Notification Flag | Hayır (No) |
Date Of The Previous Notification About The Same Subject | - |
Postponed Notification Flag | Hayır (No) |
Announcement Content | |
Board Decision Date for Acquisition | 25/07/2017 |
Were Majority of Independent Board Members' Approved the Board Decision for Acquisition | Yes |
Title of Non-current Financial Asset Acquired | Cheminvest Deri Kimyasalları Sanayii ve Ticaret A.Ş. |
Field of Activity of Non-current Financial Asset whose Shares were being Acquired | Trade of Chemical Materials |
Capital of Noncurrent Financial Asset | 5.390.000 TL |
Acquirement Way | Satın Alma (Purchase) |
Date on which the Transaction was/will be Completed | 25.07.2017 |
Acquisition Conditions | Vadeli (Timed) |
Detailed Conditions if it is a Timed Payment | $ 6 million will be paid on the date of signing the contract, $ 1 million on 31.12.2017. |
Nominal Value of Shares Acquired | 5.390.000 TL |
Purchase Price Per Share | 4,60 |
Total Purchasing Value | 24.810.800 TL |
Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%) | %100 |
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%) | %100 |
Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%) | %100 |
Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%) | %0,72 |
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%) | %1,25 |
Effects on Company Operations | It is predicted to be positive. |
Did Takeover Bid Obligation Arised? | Hayır (No) |
Will Exemption Application be Made, if Takeover Bid Obligation Arised? | Hayır (No) |
Title/ Name-Surname of Counter Party | Chemınvest S.P.A - Alessandro Comotti - Flavio Basso - Claudio Bombardieri - Lorenzo Borghi |
Is Counter Party a Related Party According to CMB Regulations? | Hayır (No) |
Relation with Counter Party if any | - |
Agreement Signing Date if Exists | 25/07/2017 |
Value Determination Method of Non-current Financial Asset | Restricted Procedures |
Did Valuation Report be Prepared? | Düzenlenmedi (Not Prepared) |
Reason for not Preparing Valuation Report if it was not Prepared | Discounted cash flow method was used for the valuation which has been prepared by the Company. |
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 | - |
Explanations |
In accordance with the resolution of Board of Directors dated July 25, 2017;
the share purchase agreement with price 7 million USD has been executed to purchase all the shares of Cheminvest Deri Kimyasalları Sanayii ve Ticaret A.Ş, which owns 50% shares of Oxyvit Kimya Sanayii ve Ticaret AS.
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.
We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.
Soda Sanayii AS published this content on 26 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2017 12:20:10 UTC.
Original documenthttp://www.sisecamkimyasallar.com/sites/catalogs/en/Investor%20Relations/Presentations%20and%20Reports/%C3%96zel%20Durum%20A%C3%A7%C4%B1klamalar%C4%B1/2017/26.07.2017-Non-current-Financial-Asset-Acquisition.pdf
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