Ali Yalçın has been appointed as General Manager of Vestel Europe, effective as of November 1, 2025.
In order to manage our domestic sales activities more efficiently, rapidly, and in an integrated manner, it has been decided to merge the Marketing Directorate with the Sales Directorate, which manages sales in Turkey, as well as in Central Asia, Iran, Iraq, Syria, and the Turkish Republic of Northern Cyprus, under a single organizational structure within Vestel Group.
Accordingly, international sales operations previously conducted under the Sales Directorate in Central Asia, Iran, Iraq, Syria, and the Turkish Republic of Northern Cyprus will be transferred to the Overseas Sales Directorate.
Effective as of September 23, 2025, the following organizational changes have been implemented:
Following the departure of Mr. Tarık Hakan Leloğlu, who held the position of General Manager responsible for sales in Turkey, Central Asia, Iran, Iraq, Syria, and the Turkish Republic of Northern Cyprus, Mr. Seçkin Gençoğlu, who held the position of General Manager responsible for Europe, the Middle East, Africa, and the Americas, will assume additional responsibility for the Sales Directorate covering Central Asia, Iran, Iraq, Syria, and the Turkish Republic of Northern Cyprus.
Ms. Nezihe Duygu Badem Uylukçuoğlu, who held the position of Marketing General Manager, will also assume responsibility for domestic sales, continuing her duties under the title of Global Marketing & Domestic Sales General Manager.
In line with our goal of further strengthening our position in international markets and enhancing our strategic cooperation with global brands, a brand license agreement has been signed on 06.09.2025 between our wholly-owned subsidiary Vestel Ticaret AŞ and TVS REGZA Corporation (Formerly Toshiba Visual Solutions Corporation). Pursuant to this agreement, the license covering the production, sales, marketing, and distribution of televisions under the Toshiba brand for the European market will continue for a period of 5 years starting from 2027.
The first coupon payment amounting to TL 33,539,670 on the TL 270,000,000 nominally valued corporate bond which was sold to qualified investors on February 26, 2025 with a maturity of 401 days and trades with the ISIN Code of TRSVSTL42618, was made as of today. The interest rate for the third coupon payment has been set as 12.1063%.
The first coupon payment amounting to TL 4,718,816,55 on the TL 35,050,000 nominally valued corporate bond which was sold to qualified investors on May 27, 2025 with a maturity of 394 days and trades with the ISIN Code of TRSVSTL62616 , was made as of today. The interest rate for the second coupon payment has been set as 13.4631%.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 51,000,000 commercial paper with fixed coupon payment with a maturity of 116 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today.The debt instrument offers an annual simple interest rate of 46%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 39,660,000 corporate bond with floating coupon payment with a maturity of 367 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today.The interest rate of this instrument is 48,00% annual simple for the first coupon, 48,00% annual simple or the higher of TLREF + 1% (BIST TLREF Index Change + 100 Basis Points Additional Return) for the other coupons.Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
TL 160,000,000 nominally valued Commercial Paper, which was sold to qualified investors on February 26, 2025 with a maturity of 180 days and with the ISIN Code of TRFVSTL82512, was redeemed as of today (August 25, 2025) with completion of th coupon payment amounting to TL 33,928,800 and the principal payment of TL 160,000,000.
Vestel Elektronik Sanayi ve Ticaret AŞ signed a Corporate Governance Principles Compliance Rating Agreement with SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri AŞ on August 8, 2025 for the renewal of the Company's corporate governance rating. The term of the agreement is one year.
The second coupon payment amounting to TL 90,422,250 on the TL 750,000,000 nominally valued corporate bond which was sold to qualified investors on January 29, 2025 with a maturity of 379 days and trades with the ISIN Code of TRSVSTL22610 , was made as of today. The interest rate for the third coupon payment has been set as 12.9106%.