Statement from Kardemir regarding baseless allegations

In its statement, the company emphasized that the allegations and comments in question do not reflect the truth in any way, stating: “It has become necessary to inform the public in response to baseless news and comments that target some of our board members directly by name and others indirectly by implication.”

Kardemir highlighted that it is a publicly traded joint-stock company listed on Borsa Istanbul, and stressed that all activities, transactions, and significant developments are shared transparently with the public via the Public Disclosure Platform (KAP) as required by regulations.

The company noted that the dissemination of news and comments based on unfounded, false content not only harms the company’s reputation but also misleads investors, stating:

“Recently, there has been news and baseless claims regarding our company in local media outlets, social media platforms, and various press organs that in no way reflect reality, attempting to address some of our board members directly by name and others indirectly. This situation has made it necessary to inform the public.

Our company is a publicly traded joint-stock company with shares listed on the stock exchange. Therefore, all our activities, transactions, and significant developments are shared transparently with our investors and the public via the Public Disclosure Platform (KAP) in accordance with legal regulations.

Nevertheless, the dissemination of news and comments based on content with no official basis; both constitutes an attack on our company’s reputation and misleads our investors. Some of these allegations violate personal rights, while others constitute offenses under Capital Markets Board (SPK) regulations, potentially misleading stock market investors.

As has been the case until now, our company will continue to conduct all operations within the legal framework and in line with the principles of transparency and accountability. We strongly warn the public and our investors not to take these false news and comments into consideration, and we reserve the right to take all necessary legal actions against those responsible for such content.”