09.10.2013 Sale Of Topkapi Real Estate

TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş
Date
Brief Information
: 09.10.2013
: Sale of real estate
Address of Association:
İş Kuleleri Kule-3 34330,
4.Levent-Beşiktaş/Istanbul
: 0212 350 39 51, 0212 350 57 87
:
Phone and fax numbers:
Phone and fax numbers of the Investor/Shareholder
Relations Unit of the Association
Is the current statement an update?
Is the current statement is correction?
Is the current statement a deferred statement?
The date of the previous statement made on the
relevant special situation
Brief information
: 0212 350 39 51, 0212 350 57 87
: Yes
: No
: No
May 20th, 2013 and March 15th,
:
2013
: Sale of real estate
Description of the tangible fixed assets subject
: Land + Building
to sale
The location and square measure of the
tangible fixed asset subject to sale
Date of Board’s decision regarding sale
Total sales price
Sales price/Association’s paid up capital ratio
(%)
Sales price/total assets stated in the latest
financial statement made public ratio (%)
Sales Price/Net value of the tangible fixed
assets stated in the latest financial statement
made public ratio (%)
Terms of sale
Date on which the sale transaction is/will be
completed
Purpose of Sale and effect thereof on the
Association’s activities
:
Istanbul Province, Zeytinburnu District,
Merkez Efendi Quarter, 130.024,5 m2
: 09.10.2013
: VAT excluded - 320.000.000 TL
: 20,37 %
: 3,07 %
51,01 % (It means its ratio to the
: investment properties)
The relevant amount shall be paid in
: cash during the conveyance of title.
The transactions regarding the
conveyance of title shall be completed
:
until November 30th, 2013 at the very
latest.
:
Liquidizing the surplus and
unserviceable real estates
IFRS’s (International Financial
Profit/loss amount obtained through the sale of
: Reporting Standards) consolidated
tangible fixed asset
profit: 110.302.513 TL.
It will be evaluated within the scope of
If any, the method how the profit on sales will
: Article 5/1-e of the Law on Corporate
be evaluated by
Tax.
Date of Board’s decision regarding the method
how the profit will be evaluated by
: 09.10.2013
Other party
Description of the relationship with the other
party
The method through which the value of
tangible fixed asset will be determined
Whether a valuation report has been arranged
or not
If a valuation report has not been arranged, the
reason thereof
If a valuation report has been arranged, the
amount resulting from the report
If the transaction is not/will not be carried out
in compliance with the results presented in the
valuation report, the reason thereof
İş Gayrimenkul Yatırım Ortaklığı A.Ş.
and Timur Gayrimenkul Geliştirme
:
Yapı ve Yatırım A.Ş Partnership
Enterprise
: Related Party
: Expertise
: It has been arranged.
:: 321.600.000 TL (VAT excluded)
:-
ADDITIONAL STATEMENTS:
The sale, revenue sharing or conveying of title on flat for land basis methods have
been efficiently evaluated for liquidizing purposes regarding immovable properties
which belong to our company and our associated partner Anadolu Cam Sanayi
A.S., are located in Istanbul Province, Zeytinburnu District, and are subject to this
sale transaction; "DTZ Pamir & Soyuer Gayrimenkul Danışmanlık A.S. (DTZ)" has
been authorized for the promotion, marketing and sale processes related to the
relevant purpose; in this regard, DTZ has contacted all leading companies in the
field of real estate, and received some offers from the majority of such companies
through sealed tender. As a result of the one-to-one negotiations with the
company authorities included in the brief list which has been created according to
the assessment of the presented offers, in the board meeting held on October 9th,
2013 by our company and associated partner Anadolu Cam Sanayi A.S. it has
decided that the immovable property of 10.450,0 square meters which belongs to
our company and the other immovable property of 119.574,5 square meters which
belongs to our associated partner Anadolu Cam Sanayi A.S –both of which are
located in Istanbul Province, Zeytinburnu District and have a square measure of
(10.450,0 + 119.574,5=) 130.024,5 square meters in total – shall be sold to the
partnership enterprise called "İş Gayrimenkul Yatırım Ortaklığı A.S. and Timur
Gayrimenkul Geliştirme Yapı ve Yatırım A.S." for a VAT excluded amount of
320.000.000 TL in cash which is the most proper offer, and that the profit on sale
shall be evaluated within the scope of Article 5/1-e of the Law on Corporate Tax .
We declare that above mentioned statements comply with the principles stated in the
Stock Exchange Commission’s report with the serial no. VIII, and number 54; and
completely reflect the relevant information that has reached us; and is in compliance with
our ledgers, books and records; and that we made our best effort to obtain the relevant
information completely and accurately as well as are responsible for these statements
given.