Turkcell Iletisim Hizmetleri : 1.10.2020 | Announcement Regarding the Completion of Sale of İnteltek Shares
October 01, 2020 at 02:50 am EDT
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Istanbul, October 01, 2020
Announcement Regarding the Completion of Sale of İnteltek Shares
With reference to our announcements dated January 15 and June 19, 2020, the transfer of our total 55% shareholding in İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek") to Intralot, the other shareholder of İnteltek, has been completed on September 30, 2020. The final value of the transaction is realized as TRY 6,063,099. Approximately TRY 1.6 million profit, generated from the transaction, is to be reflected in our 2020 third quarter financial statements.
Board Decision Date for Sale
Is There Majority Approval of Independent Directors Regarding the Resolution Related to Sale Transaction
Title of Non-current Financial Asset Sold
Field of Activity of Non-current Financial Asset sold
Capital of Non-current Financial Asset sold
Date on which the Transaction was/will be Completed
Sales Conditions
Nominal Value of Shares Sold
Sales Price Per Share
Total Sales Value
Ratio of Shares Sold to Capital of Non- current Financial Asset (%)
Total Ratio of Shares Owned in Capital
of Non-current Financial Asset After
Sales Transaction (%)
Total Voting Right Ratio Owned in Non- current Financial Asset After Sales Transaction (%)
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
30.10.2019
Yes
İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek")
Information and entertainment services
TRY 10,000,000
30.09.2020
Cash
TRY 5,500,000
TRY 0.011
TRY 6,063,099
55.0%
0%
0%
0.02%
1
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
Effects on Company Operations
Profit / Loss Arised After Transaction
How will Sales Profit be Used if Exists?
Board Decision Date for Use of Sales Profit if Exists
Title/ Name-Surname of Counter Party Bought
Is Counter Party a Related Party According to CMB Regulations?
Relation with Counter Party if any
Agreement Signing Date if Exists
Value Determination Method of Non- current Financial Asset
Did Valuation Report be Prepared?
Reason for not Preparing Valuation Report if it was not Prepared
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
0.6%
The parent-subsidiary relationship will cease.
Approximately TRY 1.6 million
-
There is no decision taken for this matter.
Intralot Iberia Holding SAU ("Intralot")
No
The other shareholder of İnteltek with 45% stake
29.07.2020
Determined by negotiations considering financials of İnteltek and market conditions.
Not prepared
Not required by the legislation
-
-
-
-
For more information:
Turkcell Investor Relations
investor.relations@turkcell.com.tr
Tel: + 90 212 313 1888
2
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Turkcell Iletisim Hizmetleri AS published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 06:49:05 UTC
Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company's segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S. and Turkcell Gayrimenkul Hizmetleri A.S; Turkcell International, which includes the operations of Kibris Mobile Telekomunikasyon Limited Sirketi, Eastasian Consortium BV, lifecell LLC, UkrTower LLC, LLC Global Bilgi, Turkcell Europe GmbH, Lifetech LLC, Beltower LLC and Fintur Holdings BV, and Other, which comprises the information and entertainment services in Turkey and Azerbaijan, and non-group call center operations of Turkcell Global Bilgi and Turkcell Finansman AS.