KAMUYU AYDINLATMA PLATFORMU

AG ANADOLU GRUBU HOLDİNG A.Ş.

Material Event Disclosure (General)

Summary

Signing of binding purchase and partnership agreements for the sale of 75% shares of Moov Dijital Ulaşım Çözümleri Ticaret A.Ş to Getir Perakende Lojistik A.Ş., approval of Competition Board

Material Event Disclosure General

Related Companies

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Related Funds

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Material Event Disclosure General

Update Notification Flag

Evet (Yes)

Correction Notification Flag

Hayır (No)

Date Of The Previous Notification About The Same Subject

19.08.2021

Postponed Notification Flag

Hayır (No)

Announcement Content

Explanations

As we previously announced on public disclosure platform (PDP) on 19.08.2021, we had reached a non-binding agreement with Getir Perakende Lojistik A.Ş. for equity stake sale of 75% of Moov Dijital Ulaşım Çözümleri Ticaret A.Ş (MOOV) which is an hourly car rental service company and 100% owned by our subsidiary Celik Motor Ticaret A.Ş. and as such preparations related to the transfer agreement had started.

In this context, we have received the approval of the Competition Board, and binding purchase and partnership agreements have been signed between the parties.

As we have previously announced on public disclosure platform (PDP) on 19.08.2021, according to the agreement reached by the parties, the transfer price for the 75% of the shares of Moov will be determined by on top of 16.000.000 USD, adding /subtracting 75% of the amount to be calculated by netting assets related with the vehicles and liabilities in the balance sheet of the MOOV on the closing date of transaction. As a result of this calculation, it is estimated that the total transfer value will be around 23.000.000.- USD but the exact final transfer value will be determined on the date of the completion of the share transfer.

The transfer is aimed to be completed within the shortest period of time. We will continue to inform the public when there are new developments.

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.

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Disclaimer

AG Anadolu Grubu Holding AS published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 07:12:01 UTC.