SCHEDULE: Turkcell Stakeholders: Ownership Reorganization Update

An amendment to a Schedule 13D filing details an internal reorganization among entities holding a significant stake in Turkcell, maintaining a 19.8% beneficial ownership.

Summary

• This filing is an amendment (Amendment No. 25) to a Schedule 13D, concerning the ordinary shares of Turkcell Iletisim Hizmetleri A.S.
• The amendment is filed on behalf of seven reporting persons: IMTIS Holdings S.a r.l., International Mobile Telecom Investment Stichting Administratiekantoor, L1T UB Holdings S.a r.l, LPE Management Limited, LPE Middle East Limited, L1TS (Cyprus) Limited, and Letterone Investment Holdings S.A.
• The reporting persons collectively beneficially own 435,600,000 ordinary shares of Turkcell, representing 19.8% of the issued and outstanding shares.
• The primary purpose of this amendment is to report an internal reorganization within the Letterone group.
• Specifically, on November 10, 2026, shares of L1T UB were transferred from Letterone Technology HeadCo S.a r.l. to LPE Management Limited, both indirect wholly owned subsidiaries of Letterone Investment Holdings S.A.
• No external funds were used in this reorganization, and the beneficial ownership percentage of Turkcell shares remains unchanged.
• The filing also confirms that as of November 10, 2026, L1T HeadCo and LCIS ceased to beneficially own more than five percent of Turkcell's outstanding shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reflecting an internal corporate reorganization rather than a change in the reporting persons' beneficial ownership or strategic intent regarding Turkcell.

Positives

• The beneficial ownership of Turkcell shares by the reporting persons remains at a significant 19.8%.
• The internal reorganization did not involve the use of external funds.
• The filing clarifies the ownership structure within the reporting group, providing transparency.

Negatives

• The filing indicates that two entities, L1T HeadCo and LCIS, no longer beneficially own more than five percent of Turkcell's outstanding shares, which could signal a minor shift in their direct holdings or strategic focus.

Risks

• The complex multi-layered ownership structure of the reporting persons could potentially lead to confusion or opacity regarding ultimate control and decision-making.
• While this filing reports an internal reorganization, future filings might reveal changes in beneficial ownership or strategic intentions that could impact Turkcell's share price.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding Turkcell's future performance. It primarily addresses an internal corporate restructuring.

Management Comments

• Each reporting person disclaims beneficial ownership of the securities reported herein, and neither the filing of this Amendment nor any of its content shall be construed as an admission of such beneficial ownership or that such Reporting Persons constitute a group.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes in publicly traded companies. This particular amendment highlights an internal restructuring within a major shareholder group of Turkcell, a key player in the telecommunications sector, without altering the overall beneficial ownership percentage.

Related Party Transactions

• The filing details an internal reorganization involving the transfer of shares between subsidiaries of Letterone Investment Holdings S.A. (L1T UB shares transferred from Letterone Technology HeadCo S.a r.l. to LPE Management Limited).

Stakeholder Impact

• Shareholders: The filing provides transparency on the ownership structure of a significant shareholder group, which is generally positive for market confidence. The core beneficial ownership percentage remains unchanged.
• Creditors: No direct impact is indicated.
• Employees: No direct impact is indicated.

Next Steps

• Continue to monitor future Schedule 13D filings for any changes in beneficial ownership or strategic actions by the reporting persons concerning Turkcell.
• Review Annex A (Exhibit 99.01) for detailed information on the directors and officers of the reporting persons.

Key Dates

Keywords

Turkcell, Schedule 13D, Beneficial Ownership, Letterone, Corporate Reorganization, Shareholder, Investment Holdings