About Antalya Int'l Airport
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Our Company has communicated its interest in the project regarding the sale of some shares of Fraport IC İctas Havalimani İsletme A.S. and some shares of of Fraport IC İctas Antalya Havalimani Terminal Yatirim ve İsletmeciligi A.S. to the relevant parties.
Therefore, as per the resolution dated 15 December 2017 and numbered 2017/40, the Board of Directors of our Company has unanimously decided to delay the disclosure of material information in order to prevent the proceedings from being negatively affected, to protect the legal rights and interests of our Company and to prevent the risk of investors being misled before the project can be finalized as well as to ensure that the confidentiality obligations we assumed within the framework of the proceedings were not breached, within the context of Article 6 of the Material Events Communiqué (II-15.1) issued by the Capital Markets Board of Turkey,
Our company has signed a share purchase agreement (SPA) regarding the sale of of 49% of shares of Fraport IC İctas Havalimani İsletme A.S. and 48.99% of shares of of Fraport IC İctas Antalya Havalimani Terminal Yatirim ve İsletmeciligi A.S. for a consideration of Euro 360 million. As per the SPA our company will have co-control of the company and 50% dividend rights.
The Share Purchase Transaction is subject to regulatory and third party approvals.
We kindly present to the attention of our investors this timely disclosure upon the removal of the reasons for previously delaying our material event disclosure regarding this transaction.