REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Sale of shares representing the share capital of Türk Telekomünikasyon A.Ş.

Turkiye Garanti Bankasi ASAnnouncement

10/03/2022 16:30

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Sale of shares representing the share
   capital of Türk Telekomünikasyon A.Ş.

   10-March-2022 / 16:20 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Sale of shares representing the share capital of Türk
   Telekomünikasyon A.Ş.

    

    

   DATE: March 10, 2022

    

    

   Re: Public disclosure dated 17.12.2021

    

   In our  public disclosure,  it was  announced that  negotiations had  been
   started with Türkiye Wealth Fund  ("TVF") for the sale of  192,500,000,000
   Group A registered shares  representing 55% of the  share capital of  Türk
   Telekomünikasyon  A.Ş.  ("TTKOM")  owned  by  LYY  Telekomünikasyon   A.Ş.
   ("LYY").

    

   In this context,  LYY and TVF  have signed a  Share Purchase Agreement  on
   March 10, 2022 regarding  the sale of  192,500,000,000 Group A  registered
   shares which represent 55% of share capital of TTKOM with a  consideration
   of USD  1.650.000.000.  The share  transfer  will be  completed  following
   obtaining of necessary approvals and fulfilling of conditions specified in
   the relevant agreement. 

    

   Additionally, it has been  agreed among parties  that the dividend  amount
   relating to the shares subject to sale, which will be determined according
   to the audited consolidated financial statements for the year end 2021 and
   approved at TTKOM's 2021  General Shareholders' Meeting,  will be paid  to
   LYY.

    

    

   In contradiction between the Turkish  and English versions of this  public
   disclosure, the Turkish version shall prevail.

    

   We declare that our above statements are in conformity with the principles
   included in the Board's Communiqué, Serial II Nr.15.1, that it exactly
   reflects the information we received; that the information complies with
   our records, books and documents; that we did our best to obtain the
   correct and complete information relative to this subject and that we are
   responsible for the declarations made in this regard.

    

   Yours sincerely,

   Garanti BBVA

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  148345
   EQS News ID:   1299917


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1299917&site_id=reuters8&application_name=news


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