The conclusion of "The Report Regarding the Common and Continuous Transactions" executed between our Company 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:
Conclusion of the Related Party Transactions Report
Within the context of our Company’s financial planning for 2015:
Within the scope of article 4.3 entitled the Structure of the Board of Directors of the Corporate Governance Principles embodied in the Corporate Governance Communiqué (II-17.1) of the Capital Markets Board, and following the review of the Corporate Governance Committee’s Evaluation Report on the Independency of Independent Board Member Nominees dated 30 March 2015;
The following individuals, who possess all of the criteria required for Independent Board Membership and who have presented their declarations of independency, personal resumes and letters of consent, have been nominated to serve as the Independent Board Members at the Board of Directors of our Company until the Ordinary General Assembly Meeting of 2015.
Mr. Hacı Ahmet KILIÇOĞLU (Turkish Identity No. 17339096086) and Mr. Ali Akın TARI (Turkish Identity No. 39715591572).
Also; Mr. Ahmet Nazif ZORLU (Turkish Identity No. 24844596260), Mr. Olgun ZORLU (Turkish Identity No. 24829596780), Ms. Şule CÜMBÜŞ (Turkish Identity No. 24817597126) and Mr. İzzet GÜVENİR (Turkish Identity No. 18857329250) have been proposed as the other Board members to serve until the Ordinary General Assembly of 2015.
Within the scope of the CMB legislation and the Articles of Association; the donation limit for 2015 has been determined as 0.2% of net sales and this matter will be proposed to shareholders for approval at the upcoming 2014 Ordinary General Assembly Meeting.
Our Company's Board of Directors has resolved to submit to the approval of the General Assembly the decision to distribute TL 0.5517 (55.17%) gross cash dividend per share (net: TL 0.4689) starting from May 4, 2015. The total proposed gross cash dividend to be distributed is TL 104,824,701.
Click here for the Dividend Distribution Table.
The 2014 Ordinary General Assembly Meeting of our Company will be held to discuss the following agenda items at the address of Zorlu Center, 34340 Beşiktaş/ISTANBUL on 27 April 2015 at 13:30 p.m.
Click here for the Agenda.
At its meeting on March 11, 2015, Vestel Beyaz Eşya's Board of Directors decided to appoint Mr. Erdal Haspolat as the Company General Manager effective from April 1, 2015. The current General Manager, Mr. Nedim Sezer will continue to serve as the Executive Board Member.
Vestel White Goods announced total revenues of US$ 1.068mn (Euro 804mn) and net profit of US$ 59,9mn (Euro 45,1mn) in FY14.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 169,155 in the price range of TL 10.00 to TL 10.50 per share on February 06, 2015. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.71%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 54,783 in the price range of TL 10.70 to TL 10.75 per share on January 08, 2015.Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.58%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 54,783 in the price range of TL 10.70 to TL 10.75 per share on January 08, 2015.Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.58%.