REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Sale of Türk Telekomünikasyon A.Ş. shares

Turkiye Garanti Bankasi ASAnnouncement

31/03/2022 21:15

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

   31-March-2022 / 21:09 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 Türk Telekomünikasyon A.Ş. shares

    

   DATE: March 31, 2022

    

   Re: Public Disclosure dated 10 March 2022

    

   With the  referenced public  disclosure,  it was  announced that  a  share
   purchase agreement ("Agreement") was signed on 10 March 2022 with  Turkish
   Wealth Fund (TVF) for the  sale of Türk Telekomünikasyon A.Ş.'s  ("TTKOM")
   192,500,000,000 Group A registered shares  which represent 55% of  TTKOM's
   share capital and which are held by LYY Telekomünikasyon A.Ş ("LYY").

    

   In this context, the sale and transfer, to TVF, of 192,500,000,000 Group A
   registered shares which represent 55%  of TTKOM's share capital and  which
   are held by LYY,  for a purchase price  of USD 1,650,000,000 (one  billion
   six hundred fifty thousand million USD) was  completed on 31 March 2022.

    

   In addition,  pursuant  to the  Agreement,  LYY  will be  paid  an  amount
   corresponding to 55% of the shares, which were transferred by LYY, out  of
   the dividend  amount that  was  resolved, by  the TTKOM  General  Assembly
   today,  to  be  distributed  based  on  the  independently  audited   2021
   consolidated financial statements.

    

    

   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.:  152909
   EQS News ID:   1317451


    
   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=1317451&site_id=refinitiv2&application_name=news


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