Kap Notices

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's Board of Directors made the following decisions.

• Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's Annual General Meeting for the year 2021 will be held on 11 May 2022, Wednesday, at 12:30 pm at the address of Levent 199 Büyükdere Cad. No: 199 34394 Şişli/Istanbul, in order to discuss and decide on the agenda specified above.
• The Board of Directors is authorized to make the invitation for the Annual General Meeting in accordance with the Company's Articles of Association and related regulations.
• Pursuant to the Capital Markets Board's Corporate Governance Principles and Communiqués, the documents and the reports to be discussed at the Annual General Meeting will be submitted to the information of the shareholders on the Company's website under the "General Assembly Information Memorandum" heading and the Board of Directors is authorized to make the necessary material event disclosure.
• The Board of Directors is authorized to make a request for a representative of the Republic of Turkey Ministry of Trade from the Istanbul Provincial Directorate since the presence of a Ministry representative is mandatory in the General Meetings of publicly listed companies.

Click here for the Agenda.

JCR Eurasia Rating, has evaluated the "Vestel Beyaz Eşya Sanayi ve Ticaret AŞ" in the high investment-level category and upgraded the Long-Term National Issuer Credit Rating from ‘AA (tr)' to ‘AA+ (tr)' and affirmed the Short-Term National Issuer Credit Rating at ‘J1+ (tr)' with ‘Stable' outlooks. On the other hand, the Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were assigned as ‘BB/Stable' as parallel to international ratings and outlooks of Republic of Turkey.

The third coupon payment, amounting to TL 11,205,525.00 on the TL 265,000,000 nominally valued Corporate Bond, which was sold to qualified investors with a maturity of 728 days and with the ISIN Code of TRSVEST62314 was made as of today (March 9, 2022).

Vestel Beyaz Eşya announced sales revenues of TL 16,178 mn (Euro 1,545 mn) and net profit of TL 1,519 mn (Euro 145 mn) in 2021.Click here for FY21 CMB financials.

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's stand-alone income statement for the period 01.01.2021 - 31.12.2021, which has been submitted to the Tax Authority in accordance with the Tax Procedure Law, can be found in the attachment. The aforementioned income statement is not prepared in accordance with the Capital Markets Board's legislation.

The second coupon payment, amounting to TL 13,034,820.00 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’s paid-in capital increase from 190 million TL to 1.6 billion TL via a 742% bonus issue and amendment of the Article 6 of the Company's Articles of Association titled “Share Capital” have been registered by Istanbul Trade Registry Office on October 21, 2021. The bonus issue will start on 25.10.2021.

Vestel Beyaz Eşya reported TL 11,268 mn (EUR 1,166 mn) of sales revenues and TL 1,105 mn (EUR 114 mn) of net profit for 9M21.

Click here for the 9M21 CMB financials.

The Capital Markets Board approved issue document regarding the bonus issue of Vestel Beyaz Eşya Sanayi ve Ticaret AŞ is disclosed in attachment.

Pursuant to our material event disclosures dated 20.08.2021 and 01.09.2021, the Capital Markets Board approved the application of Vestel Beyaz Eşya to the increase in the Company’s paid-in capital by 1.41 billion TL from 190 million TL to 1.6 billion TL via a 742% bonus issue and to amend the Article 6 of the Company's Articles of Association titled “Share Capital”.