The Board of Directors of Vestel White Goods decided to propose 0.16177 YTL gross dividend per share (50% of its distributable net income) to the General Assembly to be distributed as of 21 May 2007. The total amount to be distributed comes up to US$22.1mn, indicating a dividend yield of 6.9%.
Vestel White Goods announced unconsolidated IFRS results for the quarter ended March 31, 2007. The Company announced total revenues of US$158.4mn and net income of US$16.2mn in 1Q07. Total unit sales and revenues increased by 46% and 31% YoY, respectively, in 1Q07. Meanwhile, the share of exports in total revenues reached 73% vs. 58% in 1Q06.
Click here for 1Q07 update.
Click here for FY06 update
On the date of 23.08.2006, Vestel Elektronik Sanayi ve Ticaret A.Ş., Vestel Beyaz Eşya Sanayi ve Ticaret A.Ş., Vestel Komünikasyon Sanayi ve Ticaret A.Ş., Vestel Dijital A.Ş. and Vestel Holland B.V. under the structure of the Vestel Group of Companies have signed a letter of credit syndicated loan facility at the amount of 125,000,000 USD for a period of 1 year with the participation of local and foreign banks acting under the leadership of Deutsche Bank A.G. and ABN Amro Bank N.V..
Vestel White Goods shares with nominal value of YTL59,800,000 offered to public (including the shares sold through the exercise of green shoe option) will start trading on the ISE with a base price of YTL3.2 (IPO price) on 21 April 2006.
The Shareholder Structure
| Shareholders | Pre-IPO YTL | (%) | After -IPO YTL | (%) | Before trading on the ISE YTL | (%) |
|---|---|---|---|---|---|---|
| Vestel Elek. San. ve Tic. A.Ş. | 48,300,000 | 35 | 40,500,000 | 21.3 | 130,199,993 | 68.5 |
| Olgun Zorlu | 36,570,000 | 26.5 | 36,570,000 | 19.2 | - | |
| Ahmet Nazif Zorlu | 36,569,994 | 26.5 | 36,569,994 | 19.2 | 1 | |
| Zorlu Holding A.Ş. | 13,800,000 | 10 | 13,800,000 | 7.2 | - | |
| Zeki Zorlu | 1,380,000 | 1 | 1,380,000 | 0.7 | - | |
| Zülal Zorlu | 1,380,000 | 1 | 1,380,000 | 0.7 | - | |
| Şule Zorlu | 1 | - | 1 | 1 | ||
| Ekrem Pakdemirli | 1 | - | 1 | - | 1 | |
| Ömer Yüngül | 1 | - | 1 | - | 1 | |
| Enis Turan Erdoğan | 1 | - | 1 | - | 1 | |
| Recep Yılmaz Argüden | 1 | - | 1 | - | 1 | |
| Cem Köksal | 1 | - | 1 | - | 1 | |
| Halka açık | - | - | 59,800,000 | 31.5 | 59,800,000 | 31.5 |
| Total | 138,000,000 | 100.0 | 190,000,000 | 100.0 | 190,000,000 | 100.0 |