Share sale decision from Pegasus shareholders

Pegasus shareholders, including Esas Holding and Ali Sabancı, offered 7.16 million shares for sale. Pegasus' owner Esas Holding and other individual shareholders, through JPMorgan and Goldman Sachs, decided to offer approximately 7 million shares for sale. Esas Holding will sell approximately 6.25 percent of its shares; individual shareholders Ali İsmail Sabancı, Emine Kamışlı, Kazım Köseoğlu, Can Köseoğlu will sell approximately 0.75 percent of the company's issued capital. According to the document seen by Bloomberg, the sale will be made at 315 lira per share. The 50-day moving average for the share is 295.83 lira. The company's shares had increased by 17.5 percent last month. According to the statement made to the Public Disclosure Platform (KAP), the sale will be made to qualified institutional investors. The final terms of the transaction will be determined as a result of the accelerated book building process to be conducted. The share sale price will be determined by the accelerated book building process that will begin immediately. Esas Holding announced that it reserved the right to change the terms and timing of the transaction, and that Pegasus would not receive any income from the sale of the shares. The statement stated that the exchange of the transaction would be carried out outside the Stock Exchange.