Koç Holding A.Ş.
Date : 16.12.2014
From : Koç Holding A.Ş. Investor Relations
Tel : +90 216 531 0535, e-mail : investorrelations@koc.com.tr
Subject : Purchase of AES Entek Elektrik Üretimi A.Ş. shares
Date of Decision of the Board of Directors for Acquisition of Shares | 13.10.2014 |
Name of the Financial Fixed Asset Acquired | AES Entek Elektrik Üretimi A.Ş. |
Fields of Business of the Financial Fixed Asset Acquired | Electricity generation |
Capital of the Financial Fixed Asset Acquired | TL 538.500.000 |
Method of Acquisition of the Financial Fixed Asset | Acquisition of Shares |
Date the Transaction is/will be Completed | The transfer of the shares will be completed by December 22, 2014. |
Conditions of Acquisition | To be paid in cash |
Nominal Value of Shares Acquired | TL 133.594.282 |
Purchase Price Per Share | for each share with 1 TL nominal value, app. USD 0.4678 |
Total Amount | USD 62.500.000 |
Ratio of Acquired Shares to Total Capital of the Financial Fixed Asset (%) | 24.81% |
Percentage of Shares of the Financial Fixed Asset After the Acquisition (%) | 99,24% (direct and indirect including the shares to be bought by our subsidiary Aygaz A.Ş.) |
Ratio of Voting Rights Held After the Acquisition to Total Voting Rights in the Financial Fixed Asset (%) | 99,24% (direct and indirect including the shares to be bought by our subsidiary Aygaz A.Ş.) |
Ratio of the Acquired Financial Fixed Asset to Total Assets of Company Shown in the Recent Financial Statements Disclosed to Public (%) | 0.22% |
Impact on Activities of the Company | Full control of AES Entek's operations will be achieved |
Whether Call Obligation has Arisen or Not | No |
If Call Obligation has Arisen, Whether an Exemption Application Will be Made or Not | No |
Name / Position of Seller / Transferor | AES Mont Blanc Holdings B.V. |
Nature of Relations of the Company with the Seller / Transferor | Joint venturer at AES Entek Elektrik Üretimi A.Ş. |
Method of Determination of Value of the Financial Fixed Asset | Value agreed upon by the parties |
Whether a Valuation Report is Issued or Not | None |
If a Valuation Report is not Issued, the Cause Thereof | Not required |
Amount Calculated as a Result of Valuation Report | - |
If the Transaction is not / will not be Realized in Accordance With the Results of Valuation Report, the Cause Thereof | - |
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Koç Holding A.Ş.
Approval from Energy Market Regulatory Board and necessary legal permission have been obtained regarding the purchase of shares amounting to %24.81 of our joint venture AES Entek Elektrik Üretimi A.Ş. ("AES Entek") with a nominal value of 133,594,282 TL by Koç Holding for a consideration of 62.500.000 USD and the purchase of shares of our joint venture AES Entek with a nominal value of
133,594,282 TL by our subsidiary Aygaz A.Ş. for a consideration of 62.500.000 USD from AES Mont
Blanc Holdings B.V. The transfer of shares will be completed by December 22, 2014.
We hereby declare that our above statement is in conformity with the principles included in the Capital Market Board's Material Disclosures Communiqué, that it exactly reflects the entire information we received; that the information complies with our records, books and documents; that we have endeavored to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
Koç Holding Investor Relations 2 / 2
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