Since the Corporate Governance Principles Compliance Rating Agreement signed between our Company and SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri AŞ (SAHA) on August 27, 2015 will expire as of August 27, 2016, a renewal agreement has been signed with SAHA on August 25, 2016, which will be valid until August 25, 2017.
Vestel Elektronik announced consolidated sales revenues of TL 4,648 mn (US$ 1,593 mn) and net profit of TL 176 mn (US$ 60.5 mn) in 1H16.
Click here for 1H16 CMB financials.
As company observing the protection of intellectual property rights, our Company has signed a settlement and a license agreement, including confidentiality provisions, with Via Licensing Corporation, which is authorized to provide patent pools for the digital TV broadcast audio coding on behalf of third party licensors, after finalising the technical, commercial and legal negotiations. The payment pertaining to the settlement was made in June 2016.
Vestel Elektronik announced consolidated revenues of TL2,248 mn (US$764.0 mn) and a net profit of TL107.5 mn (US$36.5 mn) in 1Q16.
Click here for 1Q16 CMB financials.
At its meeting on 27.04.2016, Our Company’s Board of Directors resolved to
At its meeting on 27.04.2016; Our Company’s Board of Directors resolved to elect Mr. Ahmet Nazif Zorlu as the Chairman of the Board, Mr. Ali Akın Tarı as the Vice Chairman and Mrs. Selen Zorlu Melik, Mr. Mehmet Emre Zorlu, Mr. Olgun Zorlu and Mr. Hacı Ahmet Kılıçoğlu as the other members of the Board.
Vestel Elektronik Sanayi ve Ticaret AŞ’s Ordinary General Assembly Meeting for the year 2015 was held on April 26, 2016 at 10:30 am at the address of Raffles İstanbul Zorlu Center, 34340 Beşiktaş/İstanbul.
Click here for the Minutes of the Meeting.
Click here for the List of Attendees.
Pursuant to our material event disclosure dated 12.02.2016, our wholly-owned indirect subsidiary Vestel Iberia SL has agreed with Telefonica Espana S.A. for the production of Movistar branded connected TVs for the latter. Accordingly, delivery of the products has started.
Pursuant to our material event disclosure dated 30.03.2016, Ministry of Customs and Trade has granted the necessary permission for the amendments in the Company’s Articles of Association.
Pursuant to our material event disclosure dated 17.03.2016, our Company’s application regarding the amendment of its Articles of Association has been approved by the Capital Markets Board of Turkey. Upon this, our Company will apply to the Ministry of Customs and Trade to obtain the necessary permission for the amendments in its Articles of Association.