Esas Holding's Big Transformation Strategy for Pegasus Shares

Critical Application from Esas Holding

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 (CMB) to request that 10% of Pegasus's capital, totaling 50 million TL in nominal value, be traded on Borsa Istanbul as registered shares.

Application in Compliance with Legal Regulations

It was stated that the application was prepared within the framework of the CMB's Pay Communique numbered VII-128.1, and it was highlighted that this process is critically important for financing. Esas Holding announced that the specified shares are planned to be used as collateral in a three-year term loan financing.

Trading of Shares and Use of Collateral

The necessary procedures for the approval of the "Share Sale Information Form" prepared as part of the application were completed on December 26, 2025 for the CMB. This action was carried out with the aim of providing collateral to financial institutions. However, it was emphasized that this would not prevent Esas Holding from exercising its shareholder rights.

No Share Sales for Three Years

Esas Holding stated that, after the transformation processes, the shares expected to be traded will not be sold on or off the exchange for a period of three years. This effort draws attention as part of the company’s goal to maintain its financial health and market stability.

Thus, with the transformation of Pegasus shares, Esas Holding aims to secure financing conditions while raising its corporate governance standards. This strategy holds elements that will catch the attention of investors and market analysts.