In the material event disclosure dated 10 March 2025, it was publicly announced that the Competition Authority had decided to initiate an investigation, pursuant to Article 41 of the Law No. 4054 on the Protection of Competition (the |||Law|||), to determine whether Article 4 of the Law had been violated by certain undertakings operating in the consumer electronics retail sector, including the Company, and by a supplier undertaking.
Within the scope of the said investigation and the settlement procedure applied during the investigation process, the Competition Board has decided to impose an administrative monetary fine of TRY 17,153,867.89 on our Company. The relevant decision was published today (16 June 2025) on the official website of the Competition Authority.
Considering the uncertainty regarding the content and timing of the said decision, and the risk that a disclosure made prior to the conclusion of the process could lead to misinterpretations by investors and speculative movements in the stock market, it was resolved by the Company`s Board of Directors on 23 May 2025 to postpone the public disclosure of this information until the settlement process was finalized, in order to protect the Company`s legitimate interests.
In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.
