Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
Related Companies | [] | ||||||||
Related Funds | [] | ||||||||
English | |||||||||
oda_MaterialEventDisclosureGeneralAbstract| |
| ||||||||
oda_UpdateAnnouncementFlag| |
| Evet (Yes) | |||||||
oda_CorrectionAnnouncementFlag| |
| Hayır (No) | |||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject| |
| 11.05.2026 | |||||||
oda_DelayedAnnouncementFlag| |
| Hayır (No) | |||||||
oda_AnnouncementContentSection| |
| ||||||||
oda_ExplanationSection| |
| ||||||||
oda_ExplanationTextBlock| | The statement submitted to our Company by GIC Private Limited, (in its capacity as investment manager for and on behalf of the Government of Singapore) (the "Seller"), one of the shareholders of our Company, is shared below. With reference to the material event disclosures dated 11 May 2026, the Seller hereby announces the pricing of the sale (the "Transaction") of all 45,830,388 Class B ordinary shares (the "Shares") representing 13.846% of the issued share capital of Rönesans Gayrimenkul Yatırım A.Ş. ("RGY") through the sale to qualified institutional investors resident in Turkey and abroad. The Transaction has been priced at TRY 163 per share and includes a discount of approximately 12.5% compared to the closing price on the previous day, 11 May 2026, with gross sale proceeds of approximately TRY 7,470,353,244 obtained. Citigroup Global Markets Limited ("Citi"), Merrill Lynch International ("Bofa") and ÜNLÜ Menkul Değerler A.Ş. ("ÜNLÜ", together with Citi and BofA, the "Bookrunners") acted as the Joint Global Coordinators and Bookrunners. In order to facilitate the settlement of the Transaction as a wholesale transaction (toptan alım satım işlemi), ÜNLÜ, will apply to Borsa İstanbul A.Ş. (the "BIST") on 12 May 2026. Subject to the timing of the approval of BIST, the trade relating to the Transaction is expected to be effected on 13 May 2026 and the settlement of the Transaction is anticipated to be completed on 15 May 2026. The sale has been conducted through a private placement to qualified institutional investors resident in Turkey and abroad. The Seller currently directly holds approximately 13.846% of the issued share capital of RGY and upon completion of the Transaction, its shareholding in the capital of RGY will be 0% and its shareholding in RGY will end. As a part of the Transaction, Rönesans Varlık ve Proje Yatırımları A.Ş., ("Rönesans Varlık") the main shareholder of RGY, has been allocated a total number of 8,350,000 shares. Upon completion of the Transaction, Rönesans Varlık's shareholding in the capital of RGY will increase from 68.12% to 70.64%. In addition, Rönesans Varlık has undertaken to the Bookrunners not to transfer or dispose of any of its shares in RGY for 180 days following the settlement date of the Transaction, subject to customary exceptions or waiver by the Bookrunners. Developments will be fully and timely disclosed to the public. Citigroup Global Markets Limited and Merrill Lynch International are authorised by the Prudential Regulation Authority ("PRA") and regulated by the Financial Conduct Authority ("FCA") and the PRA. Citi and BofA are acting solely on behalf of the Seller in relation to this Transaction and will not act on behalf of any other person and will not be responsible for providing protection or advice to any person other than the Seller in relation to the Shares and the Transaction, the contents of this announcement or any Transaction, arrangement or other matter referred to herein. We hereby declare that our above disclosures are in compliance with the principles set forth in the Capital Markets Board's Communiqué on Material Events currently in force; that they fully reflect the information communicated to us on the relevant matter(s); that such information is consistent with our books, records, and documents; that we have made all reasonable efforts to obtain accurate and complete information on the subject; and that we are responsible for these disclosures made. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement the Turkish version shall prevail. | ||||||||
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.
PDF
WORD
EXCEl