Kap Notices

Vestel Beyaz Eşya reported TL 21,196 mn (EUR 1,259 mn) of sales revenues and TL 1,439 mn (EUR 86 mn) of net profit for 9M22.

Click here for the 9M22 CMB financials.

Vestel Elektronik Sanayi ve Ticaret AŞ sold 30,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares at a price of TL 8.5 per share on Borsa Istanbul via block sale on September 20, 2022. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 80.66%.

The fifth coupon payment, amounting to TL 10,906,074.99 on the TL 265,000,000 nominally valued Corporate Bond, which was sold to qualified investors on June 9, 2021 with a maturity of 728 days and with the ISIN Code of TRSVEST62314 was made as of today.

Vestel Beyaz Eşya reported TL 12,970 mn (EUR 800 mn) of sales revenues and TL 1,266 mn (EUR 78 mn) of net profit for 1H22.

Click here for the 1H22 CMB financials.

Pursuant to the Article 4.2.8 of the Capital Markets Board’s Communiqué on Corporate Governance, Vestel Beyaz Eşya has renewed its existing Directors and Officers Liability Policy for one year. The annual insurance limit of the policy does not exceed 25% of the Company’s share capital.

Pursuant to our material event disclosure dated 13.04.2022, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 23.06.2022 and numbered 2022/32 and notified to the Company on 24.06.2022. The approved issue document is presented in the attachment.

Click for Corporate Bond.

The resolutions of Vestel Beyaz Eşya's Annual General Meeting for the year 2021, which was held on May 11, 2022, have been registered by the Istanbul Trade Registry Office on May 17, 2022 (today).

At its meeting on 11.05.2022, Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi's Board of Directors unanimously resolved,

• To elect Mr. Bekir Ağırdır, Independent Member of the Board, as the chairperson and Mr. Olgun Zorlu, Board Member and Ms. Serap Mutlu, Investor Relations Director, as the committee members to carry out the activities of the Corporate Governance Committee,
• To elect Mr. Elmas Melih Araz, Independent Member of the Board, as the chairperson and Mr. Bekir Ağırdır, Independent Member of the Board, as the committee member to carry out the activities of the Audit Committee,
• To elect Mr Elmas Melih Araz, Independent Board Member, as the chairperson and Ms. Şule Zorlu, as the committee member to carry out the activities of the Early Detection of Risk Committee.

Pursuant to our material event disclosure dated 12 April 2022, Board of Directors' proposal regarding the selection of KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ as the independent audit firm for auditing the Company's accounts and transactions in 2022 has been accepted at the Company's 2021 Annual General Meeting.

Pursuant to our material event disclosure dated 12 April 2022, the Board of Directors' proposal for dividend distribution for the year 2021 and the date of dividend payment has been accepted and approved by the General Assembly.