Kap Notices

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.

The conclusion section of the "Report on the Common and Continuous Transactions" between Vestel Beyaz Eşya Sanayi ve Ticaret AŞ and its related parties, which was prepared in accordance with the Article 10 of the CMB's II.17.1 Communiqué on Corporate Governance, is provided below:

Within the context of the Company's financial planning for the year 2021:

Total revenues to be generated by Vestel Beyaz Eşya Sanayi ve Ticaret AŞ ("Vestel Beyaz Eşya") from the sale of products to Vestel Ticaret AŞ ("Vestel Ticaret") in 2021 are foreseen to exceed 10% of the Company's revenues reported in its latest annual financial statements. It is concluded that the terms of the sales transactions to Vestel Ticaret are compatible with previous years and are reasonable when compared with the market conditions.

Vestel Elektronik Sanayi ve Ticaret AŞ sold 4,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares at a price of TL 55 per share on Borsa Istanbul on April 12, 2021. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 85.17%.

Pursuant to our material event disclosure dated 15.03.2021 and 02.04.2021, regarding the amendment of Article 6 of our Company's Articles of Association, approved by the Ministry of Trade.

Pursuant to our material event disclosure dated 15.03.2021 and 02.04.2021, regarding the amendment of Article 6 of our Company's Articles of Association, approved by the Ministry of Trade.

Pursuant to our material event disclosure dated 15.03.2021, the approval of the application made to the Capital Markets Board for the amendment of Article 6 of the Company's Articles of Association titled “Company’s Share Capital” was published in the CMB's bulletin dated 01.04.2021 and numbered 2021/17.