Kap Notices

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).

At its meeting on 11.05.2022, Vestel Elektronik Sanayi ve Ticaret Anonim Şirketi's Board of Directors unanimously resolved,

• To elect Mr. Bekir Ağırdır, Independent Member of the Board, as the chairperson, and Ms. Selen Zorlu Melik, Board Member and Ms. Serap Mutlu, Investor Relations Director, as the committee members to carry out the activities of the Corporate Governance Committee
• To elect Mr. Elmas Melih Araz, Independent Member of the Board, as the chairperson and Mr. Bekir Ağırdır, Independent Member of the Board, as the committee member to carry out the activities of the Audit Committee,
• To elect Mr. Elmas Melih Araz, Independent Member of the Board, as the Chairperson, and Ms. Selen Zorlu Melik, Board Member, as the committee member to carry out the activities of the Early Detection of Risk Committee.

Pursuant to our material event disclosure dated 12 April 2022, Board of Directors' proposal regarding the selection of KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ as the independent audit firm for auditing the Company's accounts and transactions in 2022 has been accepted at the Company's 2021 Annual General Meeting.

Pursuant to our material event disclosure dated 12 April 2022, the Board of Directors' proposal for not making any profit distribution for the year 2021 has been accepted and approved by the General Assembly.

Vestel Elektronik Sanayi ve Ticaret AŞ’s Annual General Meeting for the year 2021 was held on 11 May 2022 at 10:00 am at the address of Levent 199 Büyükdere Caddesi No: 199 34394 Şişli/Istanbul.

Click here for the Minutes of the Meeting.

Click here for the List of Attendees.

Vestel Elektronik reported TL 11,741 mn (US$ 843 mn) of sales revenues and TL 472 mn (US$ 34 mn) of net profit for 1Q22.

Click here for the 1Q22 CMB financials