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Material Disclosures
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Date: 16.03.2007/078
We have already informed the ISE Board and the public that the legal acceptance procedure is extended until 15.03.2007 for our company 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 offer intended 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. Acceptance process has been completed as of 15.03.2006 (yesterday) at 3:00 p.m. Turkish time; we have been informed that the total shareholders accepting the Offer represent 67.29% of TME capital with 33.649.091 shares at 4:30 p.m. Turkish time. Hurriyet Invest management has informed London Stock Exchange as of today, that all of the conditions have been satisfied or waived and therefore the Offer is declared unconditional in all respects. According to UK Codes on this issue TME Shareholders who accepted the Offer cannot withdraw their acceptances from this stage onwards; also Hurriyet Invest is liable to complete the full call process. On the other hand, in line with regulatory side of the process, acceptance period will continue for another 14 days and will end at 29.03.2007, 3:00 p.m. Turkish time. 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 Boards 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. |
