Beşiktaş Applies to CMB for Sale of TL 392.8 Million Worth of Shares

Beşiktaş Futbol Yatırımları has applied to the Capital Markets Board (CMB) for approval of a Share Sale Information Form regarding the sale of TL 392.8 million nominal value shares owned by Beşiktaş Jimnastik Kulübü on Borsa Istanbul. The application indicates that the legal process required for the sale of the shares of the company, which is a subsidiary of the club, on Borsa Istanbul without a public offering has been initiated. If the Share Sale Information Form is approved by the CMB, an important step will have been taken for the sale transaction. The sale of TL 392.8 million nominal value shares points to a remarkable magnitude for Beşiktaş Jimnastik Kulübü's financial structure. The details and timing of the sale to be carried out on Borsa Istanbul will become clear after the CMB approval. This development is considered an example of the trend of sports clubs using capital market instruments to meet their financing needs. Investors will follow the approval from the CMB and announcements regarding the sale process. Not investment advice.