Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Additional Explanations | ||||||||||||||||||||||||||||||||||||||||||||||||||
In accordance with our company's KAP announcement dated 01.08.2025, the relevant provisions of Turkish Commercial Code No. 6102, Articles 19 and 20 of Corporate Tax Law No. 5520, Capital Markets Law No. 6362, and the provisions of the Capital Markets Board's (SPK) II-23.2 "Merger and Division Regulation," the request to approve the announcement text prepared regarding the merger transaction, which involves acquiring Fıratcan Construction Tourism and Trade Inc., in which our Company holds 100% of the capital and voting rights, through a simplified merger procedure, has been positively accepted by the CMB Decision-Making Body's decision dated July 31, 2025. On the other hand, pursuant to the board of directors' decisions of our Company and Fıratcan Construction dated August 29, 2025 (taken today); 1) Due to the assessment that the expected cost advantages and operational benefits of the aforementioned merger transaction may be realized at a higher level in subsequent periods, it has been decided to abandon the aforementioned merger transaction at this stage, 2) The board of directors' decisions of our Company and Fıratcan Construction dated March 28, 2025, regarding the merger have been revoked. It has been decided. This is respectfully announced to the public and our investors. Documents Related to the Merger ATTACHMENT: 1 Merger Agreement ATTACHMENT: 2 Announcement Text (Approved) ATTACHMENT: 3 Board of Directors Decisions_Akfen GYO and Fıratcan İnşaat ATTACHMENT 4: Akfen GYO Consolidated Financial Statements as of December 31, 2024 ATTACHMENT 5: Fıratcan İnşaat Financial Statements as of December 31, 2024 ATTACHMENT 6: Terminal Kadıköy Valuation Report | ||||||||||||||||||||||||||||||||||||||||||||||||||
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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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