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Turkiye Garanti Bankasi A.S. (TGBD)
Transfer of Türk Telekom Shares Owned by Ojer Telekomünikasyon A.S.
21-Dec-2018 / 22:26 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TO: Investment Community
FROM: Garanti Bank / Investor Relations
........................................
SUBJECT: Regarding the Transfer of Türk Telekom Shares Owned by Ojer
Telekomünikasyon A.S.
..............................................................................
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DATE: December 21, 2018
It was disclosed on 06.07.2018 that all creditors including our Bank had
reached an agreement on restructuring the debts of Ojer Telekomünikasyon A.S.
(OTAS), the major shareholder of Türk Telekomünikasyon A.S. (Türk Telekom). It
was contemplated that 192,500,000,000 Class A shares owned by OTAS in Türk
Telekom, representing 55% of Türk Telekom's issued share capital, which were
pledged as security for the existing loan facilities of OTAS, would be taken
over by a special purpose vehicle incorporated or to be incorporated in the
Republic of Turkey, owned directly or indirectly by the creditors.
As per the agreed structure, the necessary agreements and all the required
governmental and administrative approvals have been obtained and the
transaction has been completed upon the transfer of the aforementioned shares
to the Turkish special purpose vehicle.
With respect to the transfer of the shares to the Turkish special purpose
vehicle, an application will be submitted to the Capital Markets Board within
the period specified under the legislation, in order to be exempt from the
mandatory tender offer requirement stated under the related articles of the
Capital Markets Law and Communiqué On Takeover Bids with serial no II-26.1.
In contradiction between the Turkish and English versions of this public
disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles
included in the Board's Communiqué, Serial II Nr.15.1, that it exactly
reflects the information we received; that the information complies with our
records, books and documents; that we did our best to obtain the correct and
complete information relative to this subject and that we are responsible for
the declarations made in this regard.
Yours sincerely,
Garanti Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
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Fax: +90 212 216 5902
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E-mail: investorrelations@garanti.com.tr
........................................
www.garantiinvestorrelations.com [1]
....................................
ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 6987
EQS News ID: 761761
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 21, 2018 17:27 ET (22:27 GMT)
