AKÇANSA ÇİMENTO SANAYİ VE TİCARET BIST:AKCNS:
SAID ON FRIDAY HEIDELBERG MATERIALS XETR:HEI HAS APPLIED TO TURKIYE'S CAPITAL MARKETS BOARD FOR A MANDATORY TENDER OFFER FOLLOWING ITS ACQUISITION OF SABANCI HOLDING'S BIST:SAHOL STAKE IN AKCANSA CIMENTO, SETTING A MINIMUM OFFER PRICE OF 260.25 LIRA PER SHARE
TIMETABLE FOR THE TENDER OFFER WILL BE FINALIZED UPON REGULATORY APPROVAL
OFFER PRICE REPRESENTS A 38.2% PREMIUM TO AKCANSA'S CLOSING PRICE OF TRY 188.2 ON FRIDAY
HEIDELBERG SUBMITTED THE APPLICATION THROUGH TEB YATIRIM MENKUL DEGERLER AS PART OF ITS OBLIGATION TO LAUNCH A MANDATORY TENDER OFFER AFTER ACQUIRING SABANCI HOLDING'S 39.7% STAKE IN THE COMPANY
OFFER PRICE WAS DETERMINED BASED ON TWO CRITERIA
SIX-MONTH ADJUSTED WEIGHTED AVERAGE STOCK PRICE PRIOR TO THE ANNOUNCEMENT OF THE BINDING AGREEMENT ON APRIL 20 WAS CALCULATED AT 170.06 LIRA
BASED ON THE SHARE TRANSFER TRANSACTION, THE IMPLIED PRICE PER 100 SHARES WITH A NOMINAL VALUE OF 1 LIRA WAS CALCULATED AT USD 5.627434, EQUIVALENT TO 260.25 LIRA USING THE CENTRAL BANK'S USD BUYING RATE ON JUNE 18, 2026
FINAL TENDER OFFER PRICE MAY BE REVISED UPWARDS DEPENDING ON EXCHANGE RATE ANNOUNCED BY THE CENTRAL BANK ON BUSINESS DAY PRIOR TO OFFER LAUNCH, BUT 260.25 LIRA WILL SERVE AS FLOOR PRICE
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