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%.
The resolutions of Vestel Beyaz Eşya's Annual General Meeting for the year 2022, which was held on May 31, 2023, have been registered by the Istanbul Trade Registry Office on June 12, 2023 and published on Türkiye Trade Registry Gazette dated June 13, 2023 and numbered 10851.
Vestel Elektronik Sanayi ve Ticaret AŞ sold 7,750,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares within a price range of TL 11 – TL 11.2 per share on Borsa Istanbul via block sale to institutional investors on June 13, 2023. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 80.18%.
The interest rate for the eighth coupon payment of 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, has been set as 2.9824%(simple annual interest 11.9624%).
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 redeemed as of today (June 7, 2023) with completion of the eighth coupon payment amounting to TL 7.903.360 and the principal payment of TL 265,000,000.
Within the framework of the decision taken at the Annual General Meeting held on 31.05.2023; the Company's Board of Directors resolved to elect Mr. Ahmet Nazif Zorlu as the Chairperson of the Board of Directors and Mr. Elmas Melih Araz as the Vice Chairperson at its meeting on 31 May 2023.