Esas Holding's Major Transformation Strategy for Pegasus Shares

Esas Holding's Critical Application

Esas Holding has taken an important transformation step regarding its subsidiary Pegasus Hava Taşımacılığı A.Ş. (#PGSUS). The company has applied to the Capital Markets Board (CMB) requesting that the shares corresponding to 10% of Pegasus's capital, totaling 50 million TL in nominal value, be traded on Borsa Istanbul.

Application in Compliance with Legal Regulations

The application is stated to have been prepared in accordance with the CMB's Communiqué on Shares No. VII-128.1, and it is noted that this process is critically important from a financing perspective. Esas Holding announced that it plans to use the specified shares as collateral in a three-year term loan financing.

Trading of Shares and Use of Collateral

The “Share Sale Information Form” prepared as part of the application was submitted to the Capital Markets Board for approval on December 26, 2025. This transaction was carried out for the purpose of providing collateral to financial institutions. However, it was also emphasized that this would not hinder the rights of shareholders to be exercised by Esas Holding.

No Share Sales for Three Years

Esas Holding has committed that the shares expected to be traded following the transformation processes will not be sold on the stock exchange or outside the stock exchange for a period of three years. This initiative draws attention as part of the company’s goal to protect its financial health and market stability.

With this, Esas Holding aims to ensure financing conditions and elevate corporate governance standards through the transformation of Pegasus shares. This strategy carries elements that will attract the attention of investors and market analysts.