Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Regarding the application submitted by our Company to the Capital Markets Board (CMB) on February 26, 2026, requesting approval of the announcement text concerning the partial spin-off transaction under the simplified participation model, at the meeting of the CMB's Decision-Making Body held on June 24, 2026, it was decided that, in accordance with Articles 159 through 179 of the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362, and the provisions of the CMB's Mergers and Divestitures Communiqué No. II-23. 2 on Mergers and Divestitures, regarding the property located in Muğla Province, Bodrum District, Göl Neighborhood, Plot 4 of Block 112, where the Bodrum Loft Holiday Village is situated, through a simplified partial division process under a joint venture model, whereby the surface rights and all associated rights and obligations pertaining to said real estate will be transferred to Time-in Tourism Investments Inc., to be established as a wholly-owned subsidiary of our Company. The aforementioned decision was publicly announced via the Capital Markets Board (SPK) Bulletin No. 2026/41 dated June 24, 2026, and the SPK-approved announcement text was forwarded to our Company via the SPK's letter dated June 29, 2026 (today). Accordingly, the approved announcement text, the spin-off plan, and the spin-off report regarding the aforementioned spin-off transaction are provided in the attachment. We respectfully announce this to the public and our investors. 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. | |||||||||||||||||||||||||||||||||||||||||||||
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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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