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 Airlines Inc. (#PGSUS). The company applied to the Capital Markets Board (CMB) requesting that 10% of Pegasus's capital, amounting to a total of 50 million TL in nominal value of registered shares, be traded on Borsa Istanbul.

Application in Compliance with Legal Regulations

The application was stated to have been prepared under the CMB's Regulation on Shares No. VII-128.1, indicating that this process is critically important from a financing perspective. Esas Holding announced its intention to use the mentioned shares as collateral in a three-year loan financing.

Trading of Shares and Use of Collateral

Necessary procedures were completed on December 26, 2025 for the approval of the “Share Sale Information Form” as part of the application. This process was conducted for the purpose of providing collateral to financial institutions. However, it was emphasized that this would not impede the exercise of shareholder rights by Esas Holding.

No Share Sales for Three Years

Esas Holding stated that after the transformation transactions, the shares expected to be traded would not be sold on or off the exchange for three years. This commitment highlights the company's aim to maintain financial health and market stability.

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