Esas Holding's Major Transformation Strategy for Pegasus Shares

Esas Holding's Critical Application

Esas Holding has made a significant transformation move regarding its subsidiary Pegasus Hava Taşımacılığı A.Ş. (#PGSUS). The company has applied to the Capital Markets Board of Turkey (SPK) requesting that 10% of Pegasus's capital, corresponding to a total of 50 million TL nominal value of registered shares, be eligible for trading on Borsa Istanbul.

Application Compliant with Legal Regulations

The application was stated to be prepared in accordance with the SPK's VII-128.1 numbered Share Regulation, emphasizing that this process is critical for financing. Esas Holding announced its intention to use the specified shares as collateral for a three-year term loan.

Trading of Shares and Collateral Use

The "Share Sale Information Form" prepared as part of the application was submitted to the Capital Markets Board on December 26, 2025 for approval. This transaction was carried out for the purpose of being used as collateral for financial institutions. However, it was also emphasized that this arrangement would not hinder Esas Holding's exercise of shareholders' rights.

No Share Sales for Three Years

Esas Holding announced that following the transformation processes, the shares expected to be traded will not be sold on or off the exchange for a three-year period. This commitment is noted as part of the company's aim to maintain its financial health and market stability.

Thus, with the transformation of Pegasus shares, Esas Holding aims to secure financing conditions while also elevating corporate governance standards. This strategy carries elements that will attract the attention of investors and market analysts.