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HTTP://WWW.KAP.GOV.TR/YAY/BILDIRIM/BILDIRIM.ASPX?ID=460986

KAP : PETKIM PETROKIMYA HOLDING A.S. / PETKM [] OZEL DURUM ACIKLAMASI (GENEL) 14.08.2015 12:38:37

OZEL DURUM ACIKLAMASI (GENEL)
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ORTAKLIGIN ADRESI : PETKIM PETROKIMYA HOLDING A.S. ALIAGA/IZMIR
TELEFON VE FAKS NUMARASI : 0-232- 616 12 40 - 0-232- 616 12 48 (FAKS)
E-POSTA ADRESI : YATIRIMCI.ILISKILERI@S1.PETKIM.COM.TR
ORTAKLIGIN YATIRIMCI/PAY SAHIPLERI ILE ILISKILER BIRIMININ TELEFON VE FAKS NUMARASI : 0-232- 616 61 27 - 0-232- 616 47 64 (FAKS)
YAPILAN ACIKLAMA ERTELENMIS ACIKLAMA MI? : HAYIR
OZET BILGI : HAKIM ORTAGIMIZ STEAS`IN ORTAKLIK YAPISINDAKI DEGISIKLIK HAKKINDA


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GOLDMAN SACHS (GS) VE JP MORGAN (JPM) BIRLIKTE; GOLDMAN SACHS INTERNATIONAL`IN (ISTIRAKLERIYLE BIRLIKTE `GS`), 1,3 MILYAR USD KARSILIGINDA (CARI DEGERDEN PRIMLI), STATE OIL COMPANY OF THE AZERBAIJAN REPUBLIC (SOCAR) (AZERBAYCAN CUMHURIYETI PETROL SIRKETI)`NIN BAGLI ORTAKLIGI VE HAKIM ORTAGIMIZ SOCAR TURKEY ENERJI A.S.`NIN (STEAS) (ARTIRIM SONRASI) TOPLAM SERMAYESININ %13`UNE KARSILIK GELECEK SEKILDE 890,6 MILYON ADET YENI CIKARILACAK ADI HISSE (`HISSE`) ALMASI VE SOZ KONUSU HISSELERIN DEGERININ 1,3 MILYAR USD`NIN ALTINA DUSMESINE KARSI GS`IN KORUNMASINI TEMINEN ES ZAMANLI OLARAK STEAS VE SOCAR`IN BAGLI ORTAKLIGI SERMAYE INVESTMENTS LIMITED`IN (`SIL`) HER BIRI ILE 6 YIL SURELI SATMA OPSIYONU ANLASMASI IMZALANMASINA YONELIK BIR ISLEM YAPILANDIRMISTIR.

SATMA OPSIYONUNUN STEAS ILE UYGULANMASINDA, STEAS, TOPLAM SERMAYESININ %10`UNA KARSILIK GELEN, YAKLASIK 685,1 MILYON HISSE`YI, SATIN ALMA TARIHINDE BAGIMSIZ BIR SEKILDE TAYIN EDILMIS ADIL DEGER UZERINDEN SATIN ALACAKTIR.

SATMA HAKKININ SIL ILE UYGULANMASINDA, SIL, STEAS`IN TOPLAM SERMAYESININ %3`UNE KARSILIK GELEN, YAKLASIK 205,5 MILYON HISSE`YI, 300 MILYON USD VE UZERINE EGER STEAS SATIN ALMA OPSIYONU KAPSAMINDAKI HISSELERIN SATIN ALMA FIYATI 1 MILYAR USD`NIN ALTINDA OLURSA ARADAKI FARKA KARSILIK GELEN USD CINSINDEN BIR TUTARI EKLEYEREK SATIN ALACAKTIR. SATMA OPSIYONUNUN KULLANILMASI ONCESINDE SIL MINIMUM BIR GETIRIYI KARSILAYACAKTIR. SIL AYRICA STEAS`IN, SATMA OPSIYONU KAPSAMINDAKI YUKUMLULUKLERINI GARANTI EDECEKTIR.

SIL`IN KENDI SATMA OPSIYONU VE STEAS`IN SATMA OPSIYONUNA ILISKIN VERDIGI GARANTI KAPSAMINDAKI YUKUMLULUKLERINI YERINE GETIREBILMESINI TEMINEN, SOCAR MAKSIMUM 1,3 MILYAR USD`YE KADAR SIL`E SERMAYE KOYMA TAAHHUDUNDE BULUNMUSTUR.

GS, STEAS VE SIL`IN SATMA OPSIYONU VE SOCAR`IN TAAHHUDU KAPSAMINDA MARUZ KALDIGI KREDI RISKINI ORTADAN KALDIRACAKTIR. RISKIN KALDIRILMASI BAGLAMINDA; GS`IN HISSELER, SATMA OPSIYONLARI VE SOCAR`IN TAAHHUDU KAPSAMINDAKI HAKLARINI KORUYACAK SEKILDE, GS VE JPM, NIHAI YATIRIMCILAR LEHINE, KREDIYE BAGLI BIR BORC YAPILANDIRMISLARDIR. GS VE JPM BASLANGICTA, BORCUN BIR KISMINI TUTACAK VE ISLEM SURESINCE BU BORCU ARTIRIP AZALTABILECEKTIR. HISSELERIN SATILMASI KAYNAKLI EK GETIRILER SIL VE BORC SAHIPLERINCE ORANSAL OLARAK PAYLASILACAKTIR.

*ACIKLAMANIN INGILIZCE VERSIYONUNA ASAGIDA YER VERILMEKTEDIR./ ENGLISH VERSION OF THE DISCLOSURE IS STATED BELOW.

GOLDMAN SACHS (GS) AND JPMORGAN (JPM) HAVE JOINTLY STRUCTURED A TRANSACTION IN WHICH GOLDMAN SACHS INTERNATIONAL (TOGETHER WITH ITS AFFILIATES, `GS`) HAS SUBSCRIBED FOR APPROXIMATELY 890.6 MILLION NEWLY ISSUED ORDINARY SHARES (THE `SHARES`) CORRESPONDING TO 13% OF THE TOTAL ISSUED SHARE CAPITAL (POST-MONEY) OF OUR CONTROLLING SHAREHOLDER SOCAR TURKEY ENERJI A.S. (`STEAS`), A SUBSIDIARY OF THE STATE OIL COMPANY OF THE AZERBAIJAN REPUBLIC (`SOCAR`), FOR A TOTAL CONSIDERATION OF USD1.3 BILLION (A PREMIUM TO CURRENT VALUATION) WHILE SIMULTANEOUSLY ENTERING INTO SIX YEAR PUT OPTION TRANSACTIONS WITH EACH OF STEAS AND SERMAYE INVESTMENTS LIMITED (`SIL`), A SUBSIDIARY OF SOCAR, TO PROTECT GS AGAINST A DECLINE IN THE VALUE OF THE SHARES BELOW USD 1.3 BILLION.

ON EXERCISE OF THE PUT OPTION WITH STEAS, STEAS WILL PURCHASE APPROXIMATELY 685.1MILLION SHARES, CORRESPONDING TO 10% OF THE TOTAL ISSUED SHARE CAPITAL OF STEAS, AT AN INDEPENDENTLY DETERMINED FAIR VALUE AT THE TIME OF PURCHASE.
ON EXERCISE OF THE PUT OPTION WITH SIL, SIL WILL PURCHASE APPROXIMATELY 205.5MILLION SHARES, CORRESPONDING TO 3% OF THE TOTAL ISSUED SHARE CAPITAL OF STEAS, FOR USD 300 MILLION PLUS, IF THE PURCHASE PRICE OF THE SHARES UNDER THE STEAS PUT OPTION IS LESS THAN USD1 BILLION, AN AMOUNT IN USD EQUAL TO SUCH SHORTFALL. PRIOR TO EXERCISE, SIL WILL PAY A RUNNING MINIMUM RETURN AMOUNT. SIL WILL ALSO GUARANTEE THE OBLIGATIONS OF STEAS UNDER THE STEAS PUT OPTION.
TO ENSURE PERFORMANCE BY SIL OF ITS OBLIGATIONS UNDER THE SIL PUT OPTION AND ITS GUARANTEE OF THE STEAS PUT OPTION, SOCAR HAS UNDERTAKEN TO CONTRIBUTE CAPITAL TO SIL UP TO A MAXIMUM AMOUNT OF USD1.3 BILLION.

GS WILL DE-RISK ITS CREDIT EXPOSURE TO STEAS AND SIL UNDER THE PUT OPTIONS AND TO SOCAR IN RESPECT OF ITS UNDERTAKING. IN CONNECTION WITH THAT DE-RISKING, GS AND JPM HAVE ARRANGED A CREDIT-LINKED LOAN THROUGH WHICH GS WILL SECURE ITS RIGHTS IN RESPECT OF THE SHARES, THE PUT OPTIONS AND THE SOCAR UNDERTAKING IN FAVOUR OF END INVESTORS IN THAT LOAN. GS AND JPM WILL INITIALLY HOLD PART OF THE LOAN AND MAY OVER THE COURSE OF THE TRANSACTION INCREASE OR DECREASE THAT HOLDING. THE UPSIDE PROCEEDS FROM ANY SALES OF THE SHARES WILL BE SHARED PRO RATA BETWEEN SIL AND THE HOLDERS OF THE LOAN.


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