Kap Notices

Vestel Beyaz Esya Sanayi ve Ticaret AŞ completed the sale of a commercial paper with a nominal value of TL 200,000,000, maturity of 175 days and a fixed coupon payment to domestic qualified investors. The transfer of the securities to investor accounts will be completed today. The debt instrument offers an annual simple interest rate of 52%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issuance.

The second coupon payment amounting to TL 76,475,182.77 on the TL 556,430,000 nominally valued commercial paper, which was sold to qualified investors on February 21, 2024 with a maturity of 295 days and trades with the ISIN Code of TRFVESTA2419, was made as of today. The interest rate for the third coupon payment has been set as 17.2756%.

Vestel Beyaz Eşya reported TL 31,940 mn of sales revenues and TL 669 mn of net profit for 1H24.

Click here for the 1Q24 CMB financials.

Vestel Beyaz Eşya reported TL 31,940 mn of sales revenues and TL 669 mn of net profit for 1H24.

Click here for the 1Q24 CMB financials.

Vestel Beyaz Esya Sanayi ve Ticaret AŞ completed the sale of a commercial paper with a nominal value of TL 455,000,000, maturity of 113 days and a fixed coupon payment to domestic qualified investors. The transfer of the securities to investor accounts will be completed today. The debt instrument offers an annual simple interest rate of 52.50%.

The Commercial Paper, which was sold to qualified investors on February 21, 2024 with a nominal value of TL93,570,000, maturity of 147 days and a fixed coupon payment, was redeemed as of today (July 17, 2024) with completion of the coupon payment amounting to TL 17,900,128.14 and principal payment of TL 93,570,000.

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 does not exceed 25% of the Company's share capital.

Vestel Beyaz Eşya reported TL 13,974 mn of sales revenues and TL 617 mn of net profit for 1Q24.

Click here for the 1Q24 CMB financials.

At its meeting on 10 June 2024, the Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret AŞ unanimously resolved by the present votes

• To elect Ms. Ayşegül İldeniz, Independent Board Member, as the Chairperson and Mr. Adnan Yıldırım, Independent Board Member, and Ms. Ayça Ersoy, Investor Relations Manager, as the Committee members to carry out the activities of the Corporate Governance Committee,
• To elect Mr. Adnan Yıldırım, Independent Board Member, as the Chairperson and Mr. Emin Ataç, Independent Board Member, as the Committee member to carry out the activities of the Audit Committee,
• To elect Mr. Adnan Yıldırım, Independent Board Member, as the Chairperson and Mr. Emin Ataç, Independent Board Member, as the Committee member to carry out the activities of the Early Detection of Risk Committee,
• To elect Ms. Ayşegül İldeniz, Independent Board Member, as the Chairperson and Mr. Emin Ataç, Independent Board Member and Mr. Bekir Cem Köksal, Board Member, as the Committee members to carry out the activities of the Strategy, Investment and R&D Committee,
• To elect Mr. Emin Ataç, Independent Board Member, as the Chairperson and Mr. Ergün Güler, CEO of Vestel Group of Companies, as the Committee member to carry out the activities of the Sustainability Committee.

The resolutions of Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's Annual General Meeting for the year 2023, which was held on May 29, 2024, have been registered by the Istanbul Trade Registry Office.