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Material Disclosures
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Date: 31.01.2007
No: 073 We have already informed the ISE Board on by the Special Event Explanation Form issued on 04.01.2007 and informed the public that our company has started a procedure to purchase Trader Media East ("TME") whose shares are traded in London Stock Exchange as Global Depository Receipt ("GDR"), through our subsidiary "Hurriyet Invest BV" based in Holland. The necessary legal procedure is initiated to buy the whole of 50.000.000 shares with nominal value of 16 US cent per share by voluntary call, with an offer of 10,00 USD per share and our purchase attempt is legally supported by the Board of Directors of TME. This purchase is subject to UK Takeover Code. Within this process, the "Offer Document" which includes all the obligations and details of the related offer made by Hurriyet Invest BV and "Form of Acceptances" are being sent to TME shareholders starting from 31.01.2007 (today). Acceptance process has started within this scope. According to UK Code relating to our offer's validity, the nominal value of accepting shareholders' shares should be above 50% of TME capital. If by the end of the call process, total nominal value of the accepting shareholders' shares are below 90% of TME capital, our Company is free to withdraw from this offer without any obligations. On the other hand, if the nominal value of accepting shareholders is between 50-90%, our Company can takeover those shares following the necessary legal procedures; or can end the call process. We will enlighten the stakeholders in every step of the procedure. All the legal documents about the call process can be reached through internet at http://www.hurriyetkurumsal.com/ adress. We confirm the above explanations are in line with the Board's Code Serial VIII. Number 39; reflect the information we obtained correctly; match our records and bookings;we show our best efforts to announce the information we obtain fully and correctly and we are responsible for these announcements. Best Regards, |
