Kap Notices

Vestel Beyaz Eşya reported TL 7,345 mn (EUR 775 mn) of sales revenues and TL 827 mn (EUR 87 mn) of net profit for 1H21.

Click here for the 1H21 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 exceeds 25% of the Company’s share capital.

Vestel Beyaz Eşya has announced on May 3, 2021 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 750 million and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 265,000,000 corporate bond with floating coupon payments with a maturity of 728 days to domestic qualified investors on June 9, 2021. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.

Pursuant to our material event disclosure dated 19.03.2021, Vestel Beyaz Eşya has been notified today that the Capital Markets Board had approved the Company's application to issue debt instruments. The approved issue document is presented in the attachment.

Click for Corporate Bond.

Vestel Beyaz Eşya reported TL 2,969 mn (EUR 334 mn) of sales revenues and TL 311 mn (EUR 35 mn) of net profit for 1Q21.

Click here for the 1Q21 CMB financials.

Pursuant to our material event disclosures dated 18.03.2021 and 15.04.2021, within the scope of the Article 5 of CMB's Communiqué on Dividends and Board of Directors' dividend distribution proposal which has been approved at the Company's 2020 Annual General Meeting, the distribution dates of the dividends to be distributed in three equal installments have been determined as 31.05.2021, 30.06.2021 and 30.07.2021 by the Board decision dated 22.04.2021.

At its meeting on 16.04.2021, the Company’s Board of Directors resolved to;

• Appoint Mr. Bekir Ağırdır, Independent Member of the Board, as the Chairman of the Corporate Governance Committee and Mr. Olgun Zorlu, Board Member, and Ms. Serap Mutlu, Investor Relations Director, as the Committee members,
• Appoint Mr. Elmas Melih Araz, Independent Member of the Board, as the Chairman of the Audit Committee and Mr. Bekir Ağırdır, Independent Member of the Board, as the Committee Member,
• Appoint Mr. Elmas Melih Araz, Independent Member of the Board, as the Chairman of the Early Detection of Risk Committee and Mrs. Şule Cümbüş, Board Member, as the Committee Member.

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ’s Annual General Meeting for the year 2020 was held on 15 April 2021 at 12:00 pm at the address of Levent 199 Büyükdere Caddesi No: 199 34394 Şişli/Istanbul.

Click here for the Minutes of the Meeting.

Click here for the List of Attendees.

Pursuant to our material event disclosure dated 18.03.2021, the Board of Directors’ proposal for dividend distribution for the year 2020 has been accepted at the Company’s 2020 Annual General Meeting.

Pursuant to our material event disclosure dated 18.03.2021, 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 2021 has been accepted at the Company's 2020 Annual General Meeting.