Vestel Poland Sp. z.o.o. and Vestel Polska Technology Center Sp. z.o.o, which are both based in Poland and are owned by Vestel Elektronik's wholly-owned subsidiary Vestel Ticaret AŞ, have been merged and will continue their operations under the umbrella of Vestel Poland Sp. z.o.o. A simplified corporate structure is aimed with the said merger.
Vestel Elektronik announced consolidated sales revenues of TL 21,759 mn (US$ 2,692 mn) and net profit of TL 1,060 mn (US$ 131 mn) in 9M21.
Click here for 9M21 CMB financials.
The first coupon payment, amounting to TL 8,634,615.00 on the TL 165,000,000 nominally valued Corporate Bond, which was sold to qualified investors with a maturity of 367 days and with the ISIN Code of TRSVSTL82218 was made as of today.
The fifth coupon payment amounting to TL 2,511,745.26 on the TL 50,380,000 nominally valued Corporate Bond with the ISIN Code of TRSVSTL72227 was made as of today.
The interest rate for the sixth coupon payment of the 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 trades with the ISIN Code of TRSVSTL72227, has been set as 4.9084% (simple annual interest 19.6874%).
Zorlu Holding AŞ sold 5,850,000 Vestel Elektronik Sanayi ve Ticaret AŞ ("Vestel Elektronik") shares at a price of TL 24.24 per share on Borsa Istanbul via block sale on October 4, 2021. Following the transaction, the Company's share in Vestel Elektronik declined to 63.70%. Our company commits not to sell any additional Vestel Elektronik shares for 180 days following this transaction.
Within the scope of the restructuring of sales and marketing companies abroad, Vestel UK Limited, which is based in the UK and wholly-owned by Vestel Ticaret AŞ (Vestel Ticaret), a fully-owned subsidiary of Vestel Elektronik, will transfer all its assets, liabilities and operations to Vestel Holland B.V. UK Branch Office, which is established in the UK by Vestel Holland B.V., another wholly-owned subsidiary of Vestel Ticaret. The transfer will take place as of October 1, 2021. Following the transfer, Vestel Holland B.V. UK Branch Office will maintain the existing organizational and ownership structure of Vestel UK Limited and continue the company’s operations. The aforementioned transfer will not affect Vestel Elektronik’s position in the UK market.
Vestel Elektronik Sanayi ve Ticaret AŞ sold 5,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares at a price of TL 46.2 per share on Borsa Istanbul via block sale on September 2, 2021. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 82.53%. Our company commits not to sell any additional Vestel Beyaz Eşya shares for 180 days following this transaction.
The second coupon payment, amounting to TL 21,901,600.00 on the TL 400,000,000 nominally valued Corporate Bond, which was sold to qualified investors with a maturity of 383 days and with the ISIN Code of TRSVSTL32213 was made as of today.
Zorlu Holding AŞ sold 1,600,000 Vestel Elektronik Sanayi ve Ticaret AŞ ("Vestel Elektronik") shares at a price of TL 28.12 per share on Borsa Istanbul on August 10, 2021. Following the transaction, the Company's share in Vestel Elektronik declined to 65.45%.