Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Information on Shares Covered by Takeover Bid | ||||||||||||||||||||||||
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Special Conditions Related to the Subject | ||||||||||||||||||||||||
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Additional Explanations | ||||||||||||||||||||||||
As announced in the Capital Markets Board's ("CMB") weekly bulletin dated March 17, 2026 and numbered 2026/16, the share purchase offer information form prepared by Özen Kuzu—who holds 33.33% of the share capital of Kuzu Toplu Konut İnşaat A.Ş. ("Kuzu Toplu Konut"), the sole owner of all privileged Class A shares of Kuzugrup Real Estate Investment Trust Inc. (the "Company")—for the purpose of making a mandatory tender offer for all privileged Class A shares of the Company, thereby acquiring indirect control of the Company through the acquisition of the remaining shares of Kuzu Toplu Konut, has been approved by the CMB. The approved Share Purchase Offer Information Form is attached hereto. The CMB-approved Share Purchase Offer Information Form and the Share Purchase Offer Request Form have also been made available on the Company's website (www.kzgyo.com) and on www.terayatirim.com. The tender offer period will be carried out over 10 business days between March 26, 2026 and April 8, 2026. The CMB has resolved that the tender offer price shall be determined based on the higher of (i) the price calculated in relation to the acquisition of all privileged Class A shares of Kuzugrup Real Estate Investment Trust Inc. and the indirect transfer of management control, and (ii) TRY 22.89, which is the arithmetic average of the adjusted weighted average stock exchange prices over the six-month period preceding October 23, 2025, the date on which the public disclosure was made regarding the acquisition of indirect control of the Company. Respectfully submitted for the information of our shareholders and the public.
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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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