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Central Securities Depository & Trade Repository of Türkiye
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oda_ExplanationTextBlock| | On November 9, 2026, loan agreements and amendment protocols were executed between our Company's wholly-owned subsidiary Vangölü Elektrik Dağıtım A.Ş. ("VEDAŞ") and Türkiye Halk Bankası A.Ş., Türkiye Vakıflar Bankası T.A.O. and T.C. Ziraat Bankası A.Ş. (the "Banks"), under the Special Provisions to the General Loan Agreement dated November 9, 2022, for the provision of an additional investment loan to VEDAŞ in the aggregate amount of TRY 3,345,372,834.96, with a final maturity date of December 31, 2036, to partially finance VEDAŞ's investment expenditures for 2026. Drawdown of the loan is subject to the satisfaction of the conditions precedent set out in the relevant agreements, including the approval of the Energy Market Regulatory Authority (EMRA). The maximum liability of our Company as joint and several surety under the said loan agreement, which covers all loans disbursed and to be disbursed thereunder, has been increased by TRY 5,700,000,000 to TRY 29,711,500,000. In addition, the dividend restrictions under the loan agreement have been amended so as to permit VEDAŞ, subject to the prior approval of the Banks, to distribute dividends of up to the full amount of its distributable profit for the fiscal years 2024 and 2025. These dividends will be applied towards the repayment of our Company's outstanding debt to its subsidiary Lina Kara ve Hava Taşımacılık Kiralama Sanayi ve Ticaret A.Ş. and towards the capital increase of VEDAŞ. We hereby announce this to the public and our investors.
The English translation of this disclosure has been simultaneously disclosed to the public, and in the event of any discrepancy between the disclosure texts, the Turkish disclosure 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.
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