The Board of Directors of our Company has resolved to accept the resignation of Mr. Mümin Cengiz Ultav from his position as a Member of the Board of Directors, effective as of 30 December 2025, and to appoint Mr. Mehmet Emre Zorlu as a Member of the Board of Directors to fill the vacancy arising from such resignation, to serve until the end of the term of the resigned member and to be submitted for the approval of the shareholders at the first General Assembly meeting to be convened, in accordance with Article 363 of the Turkish Commercial Code No. 6102.
The "Directors and Officers Liability Insurance" currently in effect for the members of our Board of Directors and senior executives has been renewed with a coverage limit exceeding 25% of the Company's capital, in accordance with Article 4.2.8 of the appendix to the Capital Markets Board's Corporate Governance Communiqué.
JCR-Eurasia Rating has revised Vestel Beyaz Eşya Sanayi ve Ticaret AŞ Long-Term National Issuer Rating as "A- (tr)" with a "Stable" outlook. The company's Short-Term National Issuer Credit Rating has been determined at "J2 (tr) / Stable". The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been maintained at "BB / Stable.
The third coupon payment amounting to TL 109,416,090 on the TL 885,000,000 nominally valued corporate bond which was sold to qualified investors on February 12, 2025 with a maturity of 399 days and trades with the ISIN Code of TRSVEST32614 , was made as of today. The interest rate for the fourth coupon payment has been set as 15.1891%.
Our financial statements and interim report for 01.01.2025 – 30.09.2025 accounting period has been disclosed to public today. The related documents and financial results presentation is available at our website www.vestelinternational.com.
TL 864,070,000 nominally valued commercial paper, which was sold to qualified investors on 26 June, 2025 with a maturity of 123 days and trades with the ISIN Code of TRFVESTE2522 , was redeemed as of today (October 27, 2025) with completion of coupon payment amounting to TL 154,325,494,21 and the principal payment of TL 864,070,000.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 594,950,000 commercial paper with fixed coupon payment with a maturity of 170 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The debt instrument offers an annual simple interest rate of 45%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 123,480,000 corporate bond with floating coupon payment with a maturity of 374 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The interest rate of this instrument is 46% annual simple for the first coupon, 46% annual simple or the higher of TLREF + 1.00% (BIST TLREF Index Change + 100 Basis Points Additional Return) for the other coupons. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
The second coupon payment amounting to TL 22,493,450 on the TL 175,000,000 nominally valued corporate bond which was sold to qualified investors on April 25, 2025 with a maturity of 370 days and trades with the ISIN Code of TRSVEST42613, was made as of today. The interest rate for the third coupon payment has been set as 12.7151%
The second coupon payment amounting to TL 108,379,755 on the TL 885,000,000 nominally valued corporate bond which was sold to qualified investors on February 12, 2025 with a maturity of 399 days and trades with the ISIN Code of TRSVEST32614 , was made as of today. The interest rate for the third coupon payment has been set as 12.3634%.