Our Board of Directors has resolved the following:
1. All or a part of 17,000,000 shares of Galata Wind, for which an application was made for conversion of these shares so that they can be traded on the market as per the provisions of Article 15 of the "Communiqué on Shares" numbered VII-128.1 of the Capital Markets Board, are to be sold through authorized institutions on the stock exchange or outside of the stock exchange and with conditions to be agreed upon,
2. An "exit right" shall not arise as sale of maximum of 17,000,000 Galata Wind shares, which will be subject to sale in line with the abovementioned methodology, is not a "material transaction" within the scope of the relevant provisions of the Capital Markets Board's "Communiqué on Significant Transactions and the Exit Right" numbered II-23.3.
In accordance with the abovementioned decision, our Company sold 16,300,000 shares, which represents approximately 3.05% of Galata Wind's capital, with price of TL22.70 per share on Borsa Istanbul through a block sale to domestic and international institutional investors.
Following this transaction, our Company's shareholding at Galata Wind is 70%. The table regarding the transaction is belo
