TL 220,000,000 nominally valued Commercial Paper, which was sold to qualified investors on August 21, 2024 with a maturity of 161 days and with the ISIN Code of TRFVSTL12527, was redeemed as of today (January 29, 2025) with completion of the coupon payment amounting to TL 50,461,400 and the principal payment of TL 220,000,000.
TL 209,000,000 nominally valued Commercial Paper, which was sold to qualified investors on August 21, 2024 with a maturity of 161 days and with the ISIN Code of TRFVSTL12519, was redeemed as of today (January 29, 2025) with completion of the coupon payment amounting to TL 47,938,330 and the principal payment of TL 209,000,000.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 750,000,000 corporate bond with floating coupon payment with a maturity of 379 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 46% annual simple for the first coupon, 46% annual simple or the higher of TLREF + 0.50% (BIST TLREF Index Change + 50 Basis Points Additional Return) for the other coupons. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
It has been resolved that our wholly owned indirect subsidiary Vestel Holland B.V., based in the Netherlands, shall acquire the entire 120,000 shares, each with a nominal value of EUR 1, of Gruppo Industriale Vesit S.p.A. with all rights and liabilities for a total price of EUR 120,000, to be paid in cash. Gruppo Industriale Vesit S.p.A. is established under Italian law with its registered address at Via Polidoro da Caravaggio n6, Milan, Italy, and registered with trade number 06681090962 REA MI-1907603, currently engaged in the sale and distribution of Vestel products and services in Italy. A share purchase agreement has been executed for this purpose, and the share transfer was completed on January 9, 2025.
Ms. Serap Mutlu, the Head of Investor Relations and a Member of the Corporate Governance Committee of our Company, has decided to resign from her position effective as of December 31, 2024. We thank Ms. Serap Mutlu for her valuable contributions to our Company and wish her every success in her future career.
Within the scope of Article 11 of the Communiqué on Corporate Governance (II-17.1) of the Capital Markets Board, it has been resolved that Ms. Ayça Ersoy, who holds the required licenses stipulated by the legislation (Capital Market Activities Level 3 License / License Number: 207561, Corporate Governance Rating License / License Number: 701312), will be appointed as the Investor Relations Officer reporting to our Financial Affairs General Directorate and as a member of the Corporate Governance Committee, effective as of January 1, 2025.
Vestel's management organization has been reorganized in a functional framework to establish a more effective management structure, align the organizational structure with Vestel's growing objectives, and support its sustainable success goals. The changes will be effective as of January 1, 2025. Following the recent appointments, our senior executives are as follows:
Vestel Elektronik and Beyaz Eşya R&D and Production General Manager - Hasan UĞUR
Vestel Elektronik and Beyaz Eşya Suppy Chain and Procurement General Manager- Ulaş ÖZCAN
Vestel Customer Services and Quality General Manager – Özgür YILMAZ
Vestel Teknoloji, Lentatek & AYESAŞ General Manager – Öner TEKİN
Vestel Mobilite Sanayi ve Ticaret AŞ General Manager- Ender YÜKSEL
Vestel Chief Commercial Officer (Europe, Middle East, Africa and Americas) - Seçkin GENÇOĞLU
Vestel Chief Commercial Officer (Turkey, Central Asia, Iran, Iraq, Syria and Northern Cyprus) - Tarık LELOĞLU
Vestel Chief Marketing Officer – Duygu Badem UYLUKÇUOĞLU
Vestel Group of Companies General Manager of Financial Affairs - Bülent KİRACIOĞLU
Vestel Group of Companies Human Resources General Manager - Zeynep TARHAN
Regarding our material event disclosure dated 23.10.2024; It has been decided to withdraw our application made to the Capital Markets Board regarding - the transfer of some of the assets registered in our company's assets to Vestel Mobilite Sanayi ve Ticaret A.Ş, one of our 100% affiliated companies, by "The Partial Demerger Through Associate Model" in a way that does not disrupt the integrity of the business -based on the financial statements prepared as of 30.06.2024, since it is foreseen that the transactions sought under the legislation cannot be completed by 31.12.2024.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 224,000,000 commercial paper with fixed coupon payment with a maturity of 183 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 50%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Elektronik completed the sale of a TL 340,000,000 corporate bond with floating coupon payments with a maturity of 379 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 49.50% annual simple for the first coupon, 49.50% annual simple or the higher of TLREF + 0.25% (BIST TLREF Index Change + 25 Basis Points Additional Return) for the other coupons. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
517,000,000 nominally valued corporate bond, which was sold to qualified investors on November 22, 2023 with a maturity of 379 days and with the ISIN Code of TRSVSTLA2415, was redeemed as of today (December 5, 2024) with completion of the fourth coupon payment amounting to TL 84,533,119 and the principal payment of TL 517,000,000.