Vestel Elektronik Sanayi ve Ticaret AŞ's stand-alone income statement for the period 01.01.2022 - 30.06.2022, which has been submitted to the Tax Authority in accordance with the Tax Procedure Law, can be found in the attachment. The aforementioned income statement is not prepared in accordance with the Capital Markets Board's ("CMB") legislation. Since the financials of the Company's subsidiaries and associates are not included in the attached Financial Statement, these results may vary from the Consolidated Financial Statements prepared in accordance with the CMB regulations to be released in the upcoming days, and should not be used for forecasting the Company's Consolidated Financial Statements.
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, 2022 for the renewal of the Company's corporate governance rating. The term of the agreement is one year.
Vestel Elektronik has announced on April 13, 2022 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 750,000,000 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 334,000,000 discounted commercial paper with a maturity of 123 days to domestic qualified investors on August 1, 2022. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.
TL 165,000,000 nominally valued Corporate Bond, which was sold to qualified investors on July 30, 2021 with a maturity of 367 days and with the ISIN Code of TRSVSTL82218, was redeemed as of today (August 1, 2022) with the completion of the fourth coupon payment amounting to TL 7,389,690 and the principal payment of TL 165,000,000.
Vestel Elektronik has announced on April 13, 2022 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 750,000,000 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 30,000,000 corporate bond with floating coupon payments with a maturity of 389 days to domestic qualified investors on August 1, 2022. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
TL 50,380,000 nominally valued Corporate Bond, which was sold to qualified investors on July 9, 2020 with a maturity of 728 days and with the ISIN Code of TRSVSTL72227, was redeemed as of today (July 7, 2022) with the completion of the eighth coupon payment amounting to TL 3,188,953.20 and the principal payment of TL 50,380,000.
Pursuant to the Article 4.2.8 of the Capital Markets Board’s Communiqué on Corporate Governance, Vestel Elektronik has renewed its existing Directors and Officers Liability Policy for one year. The annual insurance limit of the policy exceeds 25% of the Company’s share capital.
Pursuant to our material event disclosure dated 13.04.2022, Vestel Elektronik has been notified today that the Capital Markets Board had approved the Company's application to issue debt instruments. The approved issue document is presented in the attachment.
Click for Corporate Bond.
The first coupon payment, amounting to TL 9,765,488.88 on the TL 160,860,000 nominally valued Corporate Bond, which was sold to qualified investors with a maturity of 399 days and with the ISIN Code of TRSVSTL42311 was made as of today. The second coupon has been set as 6.4274% (simple annual interest 26.0667%).
The resolutions of Vestel Elektronik's Annual General Meeting for the year 2021, which was held on May 11, 2022, have been registered by the Istanbul Trade Registry Office on May 17, 2022 (today).