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 (CMB) to request that the shares of Pegasus, corresponding to 10% of its 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 No. VII-128.1 on Share Capital, and it has been emphasized that this process is of critical importance for financing. Esas Holding announced that the stated shares are intended to be used as collateral in a three-year loan financing.

Trading of Shares and Use of Collateral

It was noted that the "Share Sale Information Form" prepared within the scope 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 provided as collateral to financial institutions. However, it was also emphasized that this would not prevent the exercise of shareholder rights by Esas Holding.

No Share Sales for Three Years

Esas Holding announced that, following the transformation activities, the shares expected to be traded would not be sold on or off the exchange for three years. This undertaking draws attention as part of the company's goal to maintain its financial health and market stability.

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