Capital/Financing Update • Aug 31, 2023
Capital/Financing Update
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| Summary Info | Optional Redemption Notice |
| Update Notification Flag | Yes |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Subject of Notification | Other |
| Board Decision Date | 27.08.2020 |
Related Issue Limit Info
| Currency Unit | EUR |
| Limit | 200.000.000 |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
| Capital Market Board Approval Date | 11.02.2021 |
Capital Market Instrument To Be Issued Info
| Type | Bond |
| Maturity Date | 30.06.2026 |
| Maturity (Day) | 1.826 |
| Sale Type | Oversea |
| Central Securities Depository | Euroclear Bank SA/NV and Clearstream Banking SA |
| Ending Date of Sale | 22.06.2021 |
| Nominal Value of Capital Market Instrument Sold | 200.000.000 |
| Maturity Starting Date | 30.06.2021 |
| Interest Rate Type | Fixed Rate |
| ISIN Code | XS2357838601 |
| Coupon Number | 20 |
| Currency Unit | EUR |
| Coupon Payment Frequency | Quarterly |
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Was The Payment Made? |
| 1 | 30.09.2021 | Yes |
| 2 | 30.12.2021 | Yes |
| 3 | 30.03.2022 | Yes |
| 4 | 30.06.2022 | Yes |
| 5 | 30.09.2022 | Yes |
| 6 | 30.12.2022 | Yes |
| 7 | 30.03.2023 | Yes |
| 8 | 30.06.2023 | Yes |
| 9 | 30.09.2023 | |
| 10 | 30.12.2023 | |
| 11 | 30.03.2024 | |
| 12 | 30.06.2024 | |
| 13 | 30.09.2024 | |
| 14 | 30.12.2024 | |
| 15 | 30.03.2025 | |
| 16 | 30.06.2025 | |
| 17 | 30.09.2025 | |
| 18 | 30.12.2025 | |
| 19 | 30.03.2026 | |
| 20 | 30.06.2026 | |
| Principal/Maturity Date Payment Amount |
Rating
| Does the issuer have a rating note? | No |
| Does the capital market instrument have a rating note? | No |
| Does the originator have a rating note? | No |
Other Developments Regarding Issue
Out of the convertible bonds issued by our company on 22 June 2021 with a nominal value of EUR 200,000,000, the nominal amount part corresponding to EUR 182,100,000 has been redeemed so far by converting into shares upon the requests from bondholder investors.
Additional Explanations
At our Company's Board of Directors Meeting held on 31 August 2023 (today), regarding to the outstanding bonds with EUR 17,900,000 nominal value, the following issues in summary were resolved: -To make an optional early redemption call to bondholders in accordance with the Terms & Conditions determined at the bond issue, -To give an Optional Redemption Notice to bondholders on 31 August 2023, -To determine the Optional Redemption Date as 2 October 2023, -To redeem the bonds in accordance with the Terms & Conditions determined at the bond issue, of which conversions rights are not exercised until the the date falling 10 business days before the Optional Redemption Date, at their principal amount together with the make whole amount. The Optional Redemption Notice announced to bond holders on 31 August 2023 is attached. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.
Supplementary Documents
| Appendix: 1 | Convertible Bond Optional Redemption Notice (ENG).pdf |
| Appendix: 2 | Convertible Bond Optional Redemption Notice (TR).pdf |
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