TL 110,000,000 nominally valued commercial paper, which was sold to qualified investors on May 25, 2023 with a maturity of 99 days and with the ISIN Code of TRFVEST92318, was redeemed as of today (September 1, 2023) with completion of the first coupon payment amounting to TL 12,232,660 and the principal payment of TL 110,000,000.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 390,000,000 commercial paper with fixed coupon payment with a maturity of 173 days to domestic qualified investors on September 1, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 260,000,000 corporate bond with floating coupon payments with a maturity of 383 days to domestic qualified investors on September 1, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 50,000,000 corporate bond with floating coupon payments with a maturity of 390 days to domestic qualified investors on August 25, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Elektronik Sanayi ve Ticaret AŞ sold 32,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares within a price range of TL 14.80 – TL 15.04 per share on Borsa Istanbul via block trades to institutional investors on August 14, 2023. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 77.33%. Our Company commits not to sell any additional Vestel Beyaz Eşya shares for 180 days following this transaction.
Vestel Beyaz Eşya reported TL 21,187 mn (EUR 995 mn) of sales revenues and TL 1,012 mn (EUR 48 mn) of net profit for 1H23.
Click here for the 1H23 CMB financials.
Pursuant to our material event disclosure dated 25.05.2023, the Capital Markets Board ("CMB") approved our application for the issuance of debt instruments with its decision dated 20.07.2023 and numbered 40/842. The approved issuance certificate and its annex and the application form for the issuance are presented in the attachment.
Click here for the Issuance Certificate.
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 Elektronik Sanayi ve Ticaret AŞ sold 5,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares within a price range of TL 10.57 – TL 10.70 per share on Borsa Istanbul via block sale to institutional investors on June 23, 2023. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 79.33%.
Vestel Elektronik Sanayi ve Ticaret AŞ sold 8,500,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares within a price range of TL 10.30 – TL 10.49 per share on Borsa Istanbul via block sale to institutional investors on June 22, 2023. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 79.64%.