Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Articles 159 through 179 of the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362, and the Capital Markets Board's Merger and Division Communiqué No. II-23. 2 on Mergers and Divestitures, the Company is transferring the surface rights and all associated rights and obligations pertaining to the real property located in Muğla Province, Bodrum District, Göl Neighborhood, Block 112, Parcel 4—on which the Bodrum Loft Vacation Village is situated—from the Company's portfolio to Time -in Tourism Investments Inc., through a partial demerger conducted under the simplified procedure of the participation model. As part of this demerger, the incorporation of Time-in Tourism Investments Inc., a wholly-owned subsidiary of our Company, was registered by the Istanbul Trade Registry Directorate on October 2, 2026. The English translation of this announcement is attached; in the event of any discrepancy between the English and Turkish versions, 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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