KAMUYU AYDINLATMA PLATFORMU
KOÇ HOLDİNG A.Ş.
Non-current Financial Asset Acquisition
Summary
Purchase of Arçelik A.Ş. and Ford Otomotiv Sanayi A.Ş. shares from Vehbi Koç Vakfı
Noncurrent Financial Asset Acquisition
Related Companies
Related Funds
[ARCLK, FROTO]
[]
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 | 21/09/2020 |
Were Majority of Independent Board Members' Approved | Yes |
the Board Decision for Acquisition | |
Title of Non-current Financial Asset Acquired | Arçelik A.Ş., Ford Otomotiv Sanayi A.Ş. |
Field of Activity of Non-current Financial Asset whose | Arçelik - consumer durables Ford Otosan - |
Shares were being Acquired | automotive |
Capital of Noncurrent Financial Asset | Arçelik - 675.728.205 TL Ford Otosan - 350.910.000 TL |
Acquirement Way | Satın Alma (Purchase) |
Date on which the Transaction was/will be Completed | 21/09/2020 |
Acquisition Conditions | Peşin (Cash) |
Detailed Conditions if it is a Timed Payment | - |
Nominal Value of Shares Acquired | Arçelik - 327.598,01 TL Ford Otosan - 677.947,33 TL |
Purchase Price Per Share | Arçelik - 22,64 TL Ford Otosan - 88,25 TL |
Total Purchasing Value | Arçelik - 7.416.819 TL Ford Otosan - 59.828.852 TL |
Ratio of New Shares Acquired to Capital of Non-current | Arçelik - %0,05 Ford Otosan - %0,19 |
Financial Asset (%) | |
Total Ratio of Shares Owned in Capital of Non-current | Arçelik - %40,56 Ford Otosan - %38,65 |
Financial Asset After Transaction (%) | |
Total Voting Right Ratio Owned in Non-current Financial | Arçelik - %40,56 Ford Otosan - %38,65 |
Asset After Transaction (%) | |
Ratio of Non-current Financial Asset Acquired to Total | |
Assets in Latest Disclosed Financial Statements of Company | Arçelik - % 0,001 Ford Otosan - %0,01 |
(%) | |
Ratio of Transaction Value to Sales in Latest Annual | Arçelik - % 0,005 Ford Otosan - %0,04 |
Financial Statements of Company (%) | |
Effects on Company Operations | Direct shareholding at these companies will increase |
Did Takeover Bid Obligation Arised? | Hayır (No) |
Will Exemption Application be Made, if Takeover Bid | Hayır (No) |
Obligation Arised? | |
Title/ Name-Surname of Counter Party | Vehbi Koç Vakfı |
Is Counter Party a Related Party According to CMB | Evet (Yes) |
Regulations? | |
Relation with Counter Party if any | Shareholder of Koç Holding |
Agreement Signing Date if Exists | 21/09/2020 |
Although not required by CMB regulations, an | |
independent valuation report has been prepared by | |
Ernst Young Kurumsal Finansman Danışmanlık A.Ş | |
Value Determination Method of Non-current Financial Asset | pursuant to foundations regulations. The transaction |
price has been determined taking into account the | |
valuation range indicated in the independent | |
valuation report and the recent market value of the | |
shares. | |
Did Valuation Report be Prepared? | Düzenlendi (Prepared) |
Reason for not Preparing Valuation Report if it was not | Prepared |
Prepared | |
Date and Number of Valuation Report | 18/09/2020 |
Title of Valuation Company Prepared Report | Ernst Young Kurumsal Finansman Danışmanlık A.Ş. |
Value Determined in Valuation Report if Exists | Arçelik - per share 20,95 TL - 24,12 TL Ford Otosan - |
per share 81,07 TL - 92,99 TL | |
Reasons if Transaction wasn't/will not be performed in | - |
Accordance with Valuation Report | |
Explanations
Our Board of Directors resolved to purchase shares of (i) Arçelik A.Ş. from Vehbi Koç Foundation, with a total nominal value of 327.598,01 TL for a total cash consideration of 7.416.819 TL and (ii) shares of Ford Otomotiv Sanayi A.Ş. held by Vehbi Koç Foundation, with a total nominal value of 677.947,33 TL for a total cash consideration of 59.828.852 TL. The shares have been transferred and the consideration has been paid in full today.
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.
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Disclaimer
Koç Holding AS published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 13:24:03 UTC