UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
Report on Form 6-K dated November 30, 2017
 
Commission File Number: 001-15092
 


TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name in English)

Aydınevler Mahallesi İnönü Caddesi No:20
Küçükyalı Ofispark
34854 Maltepe
Istanbul, Turkey

(Address of Principal Executive Offices)


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F           Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Yes           No 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
Yes           No 
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes           No 
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
    
Enclosure: A press release dated November 29, 2017, regarding the Sale of Real Estate.
 
 

 
 

Istanbul, November 29, 2017


Announcement Regarding the Sale of Real Estate

At our Board of Directors’ meeting dated November 29th, 2017, the following was resolved with the full participation and unanimous votes of the independent members;

for a better utilization of our assets within the scope of structuring within the group; to sell 20 real estate owned by our Company, details of which are listed in the enclosed table, to Turkcell Gayrimenkul Hizmetleri A.Ş., an indirectly wholly-owned subsidiary, in return for a total of TRY 387,824,500, determined as a result of the valuations conducted by licensed valuation companies in accordance with capital market legislation;

to assess that the respective sales transactions are not classified as “Significant Transaction” for reason that the thresholds given below as per Article 5 and 6 of the “Communiqué on Common Principles Regarding Significant Transactions and The Retirement Right” numbered II-23.1 of Capital Markets Board are not exceeded;
  
o
the ratio of transaction value to the total of the assets in the financial statements most recently announced to the public (Consolidated financial statements as of September 30, 2017): transaction value is TRY 387,824,500, the total assets is TRY 32,321,873,000; 1.2%.
     
o
the ratio of transaction value to the value of the company based on the mathematical average of the daily weighted average prices for the  6 months prior to the date of the Board of directors’ resolution: value of the company based on the mathematical average of the daily weighted average prices for the 6 months prior to the date of the Board of Directors’ resolution, which is November 29th, 2017, is TRY 27,579,664,252 and the transaction value is TRY 387,824,500; 1.4%



Nature of Non-Current Asset Sold
:
Details for 20 real estate which are subject to sale are listed in the enclosed table
     
Location and Area of Non-current Asset Sold
:
Details for 20 real estate which are subject to sale are listed in the enclosed table
     
Board Decision Date for Sale
:
29/11/2017
     
Were Majority of Independent Board Members’ Approved the Board Decision for Sale?
:
Yes
     
 
 
2

 
Total Sales Value
:
TRY 387,824,500
     
Ratio of Transaction Amount to Value of Company Based on the Mathematical Weighted Average on a Daily Basis, Six Months Prior to Date of Board Decision (%)
:
1.4%
     
Ratio of Sales Price to Paid-in Capital of Company (%)
:
17.6%
     
Ratio of Sales Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
:
1.2%
     
Ratio of Sales Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
:
4.4%
     
Ratio of Value of Non-current Asset to Total Assets in Latest Disclosed Financial Statements of Company (%)
:
0.3%
     
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
:
2.7%
     
Sales Conditions
:
Not determined
     
Date on which the Transaction was/will be Completed
:
Until 31/12/2017
     
Aim of Sale and Effects on Company Operations
:
We aim for a better utilization of our assets within the scope of structuring within the group. The sale of these abovementioned real estate has no negative impact on our core operations.
     
Profit / Loss Arised After Sale of Non-Current Asset
:
-
     
How will Sales Profit be Used if Exists?
:
Exempted amount will be booked to a special fund account on the balance sheet and will not be distributed as dividend within five years period following the sales date.
     
Board Decision Date for Use of Sales Profit if Exists
:
-
     
Counter Party
:
Turkcell Gayrimenkul Hizmetleri A.Ş.
     
Is Counter Party a Related Party According to CMB Regulations?
:
Yes
     
Nature of Relation with Counter Party
:
Indirectly wholly-owned subsidiary of our company
     
Agreement Signing Date if Exists
:
-
     
 
 
3

 
Exercise Price of Retirement Right Relating to Significant Transaction
:
-
     
Value Determination Method of Non-Current Asset
:
Details for 20 real estate subject to sale are listed in the enclosed table.
     
Did Valuation Report be Prepared?
:
Yes
     
Reason for not Preparing Valuation Report if it was not Prepared
:
-
     
Date and Number of Valuation Report
:
Details for 20 real estate subject to sale are listed in the enclosed table.
     
Title of Valuation Company Prepared Report
:
Details for 20 real estate subject to sale are listed in the enclosed table.
     
Value Determined in Valuation Report if Exists
:
Value for each respective 20 real estate subject to sale are listed in the enclosed table. The total is TRY 387,824,500.
     
Reasons if Transaction wasn’t/will not be performed in Accordance with Valuation Report
:
Performed in accordance with valuation reports.



For more information:
 
Turkcell Investor Relations
 
investor.relations@turkcell.com.tr
 
Tel: + 90 212 313 1888
 
 
4


Non-Current Assets Subject to Sale
Nature
Location and Area of Non-current Asset Sold
Valuation  Method
Title of Valuation Company
Valuation Report Date and Number
Value Determined in Valuation Report
Sale Price
1
ADANA PLAZA
Adana Province, Seyhan District, İstiklal Quarter, Section no 8441, Parcel No 1, 2.697 m2 Surface, 4.659 m2 Closed Area
Market Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date:10/11/2017
Number: 2017TRCELL319
 TRY 8,500,000
TRY 8,500,000
2
ANKARA PLAZA
Ankara Province, Çankaya District, Lodumu Quarter,  Section no 13870, Parcel No 1, 35.360 m2 Surface, 11.279 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 21/11/2017
Number: 2017TRCELL320
   TRY 126,000,000
TRY 137.652.500
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017B331
TRY 149,305,000
3
ANTALYA PLAZA
Antalya Province, Merkez District, Kızıltoprak Quarter,  Section no 6496, Parcel No 13, 1.605 m2 Surface, 2.184 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 10/11/2017
Number: 2017TRCELL321
   TRY 4,300,000
TRY 4,300,000
4
AYDIN OMC
Aydın Province, Merkez District, Ata Village, Zincirlikuyu Location,  Section no 5924, Parcel No 7, 2.008 m2 Surface, 1.662 m2 Closed Area
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/1172017
Number: 2017REVC258
    TRY 1,685,000
    TRY 1,685,000
5
BALIKESİR OMC
Balıkesir Province, Merkez District, 2. Çay Quarter., Plot 21J - I,  Section no 6904, Parcel No 23, 1.138 m2 Surface, 1.518 m2 Closed Area
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017REV788
 TRY 3,112,000
TRY 3,112,000
6
BURSA PLAZA
Bursa Province, Nilüfer District, Minareli Çavuş Quarter., Plot H21C05A4B, Section no 1472, Parcel No 8, 2.255 m2 Surface, 2.244 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 06/11/2017
Number: 2017TRCELL322
TRY 5,700,000
TRY 5,700,000
 
 
5

 
7
DENİZLİ OMC
Denizli Province, Kayaköy Quarter, Plot M22a17d1b,  Section no 209, Parcel No 16, 4.076 m2 Surface, 2.352 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 27/11/2017
Number: 2017TRCELL351
TRY 4,150,000
TRY 4,150,000
8
DİYARBAKIR PLAZA
Diyarbakır Province, Kayapınar Village, Parcel No 6690, 7.209 m2 Surface, 3.844 m2 Closed Area
Market Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 09/11/2017
Number: 2017TRCELL323
TRY 13,350,000
TRY 13,350,000
9
ERZURUM PLAZA
Erzurum Province, Merkez District, Gezköyü Village, Plot 20, Parcel No 4363, 9.989 m2 Surface, 1.255 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 20/11/2017
Number: 2017TRCELL324
TRY 3,000,000
TRY 3,000,000
10
MAHMUT BEY OMC
İstanbul Province, Bağcılar District, Mahmutbey Village, Plot 246DS3A,  Section no 1791 , Parcel No 14, 1.708 m2 Surface, 2.432 m2  Closed Area
Cost Approach
VERA GAYRİMENKUL DEĞ. A.Ş.
Date: 27/11/2017
Number: 2017_ÖZ_1178
 TRY 9,900,000
TRY 9,900,000
11
DAVUTPAŞA PLAZA
İstanbul Province, Zeytinburnu District, Merkezefendi Quarter, Davutpaşa Location, Plot 498,  Section no 2943, Parcel No 14, 3.614 m2 Surface, 7.123 m2  Closed Area
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017REV854
  TRY 30,320,000
TRY 30,320,000
12
MALTEPE PLAZA
İstanbul Province, Kartal  District, Soğanlık Quarter, Yeldeğirmeni  Location, Plot 139,  Section no 10295, Parcel No 12, 5.892 m2 Surface, 12.625 m2  Closed Area
Market Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017REV789
   TRY 61,810,000
TRY 61,810,000
 
 
6

 
13
KARTAL PLAZA
İstanbul Province, Kartal  District, Yakacık Quarter, Yalnız Selvi  Location, Plot 111,  Section no 957, Parcel No 36, 5.759 m2 Surface, 12.460 m2  Closed (Current) Area
Market Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 10/11/2017
Number: 2017TRCELL325
TRY 32,000,000
TRY 32,000,000
14
İZMİR PLAZA
İzmir Province, Bornova District, Kazımdirik Quarter, Plot 65,  Section no 358, Parcel No 219, 10.097 m2 Surface,14.000 m2 Closed Area
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017REVC259
TRY 52,110,000
TRY 52,110,000
15
İZMİT OMC
Kocaeli Province, İzmit District, Mehmetali Paşa, Plot 190Ib,  Section no 3081, Parcel No 4, 1.710 m2 Surface,1.101 m2 Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 16/11/2017
Number: 2017TRCELL326
    TRY 3,000,000
    TRY 3,000,000
16
KONYA OMC
Konya Province, Selçuklu District, Dikilitaş Quarter, Plot 22M3,  Section no 13207, Parcel No 550, 4.187 m2 Surface, 936 m2 Closed Area
Market Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 20/11/2017
Number: 2017TRCELL327
TRY 1,600,000
TRY 1,600,000
17
BODRUM OMC
Muğla Province, Bodrum  District, Konacık Quarter, Açıkkırlar  Location, Plot N18ci8c3d,  Section no 362 , Parcel No 4, 1.578 m2 Surface, 1.496 m2  Closed Area
Cost Approach
TSKB GAYRİMENKUL DEĞ. A.Ş.
Date: 24/11/2017
Number: 2017REVC260
        TRY 2,285,000
TRY 2,285,000
18
MUĞLA OMC
Muğla Province, Merkez  District, Muslihittin Quarter, Bademlik  Location, Plot 47/8,  Section no 1053, Parcel No 6,2.400 m2 Surface, 1.900 m2  Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 17/11/2017
Number: 2017TRCELL328
   TRY 4,750,000
TRY 4,750,000
 
 
7

 
19
SAMSUN PLAZA
Samsun Province, Merkez  District, Atakum Quarter, Parcel No F36B16A3B,  Section no 132, Parcel No 7, 1.770 m2 Surface, 3.430  m2  Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 20/11/2017
Number: 2017TRCELL329
TRY 5,000,000
TRY 5,000,000
20
TRABZON PLAZA
Trabzon Province, Çukurçayır  District,  Section no  174 Parcel No 19, 5.104 m2 Surface, 1.852   m2  Closed Area
Cost Approach
PRIME GAYRİMENKUL DEĞ. A.Ş.
Date: 10/11/2017
Number: 2017TRCELL330
TRY 3,600,000
TRY 3,600,000
TOPLAM
         
TRY 387,824,500
TRY 387,824,500
 

 
8

 
SIGNATURES

 
Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
  TURKCELL ILETISIM HIZMETLERI A.S.  
         
         
Date: November 30, 2017 By: /s/ Zeynel Korhan Bilek  
    Name: Zeynel Korhan Bilek  
    Title: Investor Relations and Mergers & Acquisition Director  
         
 

 
 
  TURKCELL ILETISIM HIZMETLERI A.S.  
         
         
Date: November 30, 2017 By: /s/Bulent Aksu  
    Name: Bulent Aksu  
    Title: Finance Executive Vice President  
         
 

 


 


9