Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi Ve Ticaret Anonim SirketiBIST: HKTM

Hidropar Says Shareholders Sign Share Transfer Agreement For Sale Of 22.76% Stake For $6.5 Mln

· Issued by Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi Ve Ticaret Anonim Sirketi

HİDROPAR HAREKET KONTROL TEKNOLOJİLERİ MERKEZİ SANAYİ VE TİCARET BIST:HKTM:

  • HIDROPAR SHAREHOLDERS ATIF TUNC ATIL AND ILHAM CELEBI SIGNED A SHARE TRANSFER AGREEMENT TO SELL SHARES REPRESENTING 22.76% OF THE COMPANY'S SHARE CAPITAL AND 57.09% OF THE VOTING RIGHTS TO SULEYMAN SEMDINOGLU FOR $6.5 MILLION

  • THE TRANSACTION IS EXPECTED TO BE COMPLETED SUBJECT TO THE FULFILMENT OF CONDITIONS PRECEDENT UNDER THE AGREEMENT AND WITHOUT PREJUDICE TO ANY MANDATORY TENDER OFFER OBLIGATIONS UNDER APPLICABLE REGULATIONS

  • FOLLOWING THE TRANSACTION, SEMDINOGLU WILL HOLD 21 MILLION CLASS A SHARES AND 2.9 MILLION CLASS B SHARES, GAINING MAJORITY VOTING CONTROL OF THE COMPANY

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