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KOÇ HOLDING A.S.

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Koç : Application to CMB for mandatory tender offer of Yapı ve Kredi Bankası A.Ş. shares

11/19/2021 | 11:04am EDT

KAMUYU AYDINLATMA PLATFORMU

KOÇ HOLDİNG A.Ş.

Non-current Financial Asset Acquisition

Summary

Application to CMB for mandatory tender offer of Yapı ve Kredi Bankası A.Ş. shares

Noncurrent Financial Asset Acquisition

Related Companies

[YKBNK]

Related Funds

[]

Noncurrent Financial Asset Acquisition

Update Notification Flag

Evet (Yes)

Correction Notification Flag

Hayır (No)

Date Of The Previous Notification About The Same Subject

09/11/2021

Postponed Notification Flag

Hayır (No)

Announcement Content

Board Decision Date for Acquisition

08/11/2021

Were Majority of Independent Board Members' Approved

Yes

the Board Decision for Acquisition

Title of Non-current Financial Asset Acquired

Yapı ve Kredi Bankası A.Ş. (YKB)

Field of Activity of Non-current Financial Asset whose

Banking

Shares were being Acquired

Capital of Noncurrent Financial Asset

TL 8,447,051,284

Acquirement Way

Satın Alma (Purchase)

Transfer of shares (Closing), which is subject to

Date on which the Transaction was/will be Completed

obtaining necessary approvals from regulatory

authorities in Turkey and abroad, is expected to be

finalized in the first quarter of 2022

Acquisition Conditions

Peşin (Cash)

Detailed Conditions if it is a Timed Payment

-

Nominal Value of Shares Acquired

TL 1,520,469,231

Purchase Price Per Share

For shares of a nominal value of 1 TL, TL 2.2980

Total Purchasing Value

TL 3,494,038,293

Ratio of New Shares Acquired to Capital of Non-current

18%

Financial Asset (%)

Total Ratio of Shares Owned in Capital of Non-current

27,02% directly

Financial Asset After Transaction (%)

Total Voting Right Ratio Owned in Non-current Financial

27,02% directly

Asset After Transaction (%)

Ratio of Non-current Financial Asset Acquired to Total

Assets in Latest Disclosed Financial Statements of Company

0,5%

(%)

Ratio of Transaction Value to Sales in Latest Annual

1,9%

Financial Statements of Company (%)

Effects on Company Operations

Koç Holding's stake in its subsidiary YKB will increase

Did Takeover Bid Obligation Arised?

Evet (Yes)

Will Exemption Application be Made, if Takeover Bid

Hayır (No)

Obligation Arised?

Title/ Name-Surname of Counter Party

UniCredit S.p.A.

Is Counter Party a Related Party According to CMB

Hayır (No)

Regulations?

Relation with Counter Party if any

UniCredit S.p.A. is not a related party.

Agreement Signing Date if Exists

08/11/2021

Value Determination Method of Non-current Financial Asset

Price was determined based on the Share Purchase

Agreement dated 30.11.2019

Did Valuation Report be Prepared?

Düzenlenmedi (Not Prepared)

Reason for not Preparing Valuation Report if it was not

Valuation report was not prepared as it is not

Prepared

required pursuant to the regulation

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

As publicly disclosed on 09.11.2021, after the purchase of 18% of Yapı ve Kredi Bankası A.Ş. (YKB) shares from UniCredit S.p.A subject to obtaining necessary approvals from regulatory authorities in Turkey and abroad, Koç Holding's direct and indirect shares in YKB will be above the 50% threshold defined in CMB's Comminique on Takeover Bids and accordingly a mandatory tender offer will be triggered for Koç Holding for the shares of other YKB shareholders. In this respect, an application was made to CMB for the approval of the mandatory tender offer that will be conducted upon closing, which will take place after the necessary approvals are obtained.

Material developments regarding the transaction will be disclosed to our investors.

This statement was 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.

Disclaimer

Koç Holding AS published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 16:03:07 UTC.


© Publicnow 2021
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