Regarding our announcement dated 23.11.2012, the merger of Vestel Dış Ticaret A.Ş with Vestel Dayanıklı Tüketim Malları Pazarlama A.Ş is registered by Istanbul Trade Registry Office as of today. Accordingly, the merger process is completed.
Standard & Poor’s affirmed Vestel Elektronik's the corporate credit rating at "B-", the outlook on the rating is stable.
Click here for the press release.
The Extraordinary General Assembly Meeting of our Company is going to be held on 26.12.2012 at 11.00 at Zorlu Plaza, 34310 Avcılar/ISTANBUL
Click here for the agenda.
CMB approved the takeover and merger of Vestel Elektronik Sanayi ve Ticaret A.Ş with Vestel Dijital Üretim Sanayi A.Ş in its decision dated 21/11/2012 numbered 40/1267.
Regarding our announcement dated 18.10.2012, in the General Assembly of Vestel Dış Ticaret A.Ş. held on 22.11.2012, the merger of Vestel Dış Ticaret A.Ş with Vestel Dayanıklı Tüketim Malları Pazarlama A.Ş in accordance with the related articles of Turkish Commercial Code and Corporate Tax Law was approved unanimously.
Vestel reported total revenues of US$3,020mn and net loss of US$19mn in 9mth-12.
Click here for 9mth-12 CMB financials.
With regards to Fatih Project undertaken by General Directorate of Innovation and Educational Technologies under Ministry of National Education, Vestel Dijital Üretim Sanayi A.Ş., 99.9% subsidiary of Vestel Elektronik Sanayi ve Ticaret A.Ş., made the best offer for the tender for 49,000 units of tablet computers under the pilot phase. The Company is waiting for the invitation to sign the official contract. The developments on this issue will be announced publicly when they become certain.
In accordance with Turkish Commercial Code numbered 6102 Article 428 it is required from our shareholders to send the identity information of institutional representatives - if any they will suggest - whom will vote and take other necessary actions on behalf of them at the Extraordinary General Meeting of our Company which is planned to be held in December and to send the addresses, email addresses and telephone and fax numbers which institutional representatives can be reached at within maximum seven days beginning from the date of this announcement. Furthermore, individuals who are willing to be institutional representatives are required to apply to our Company within the same period of time.
The individuals who are suggested as institutional representatives and their contact information will be also announced in the Extraordinary General Meeting invitation announcement and published on our Company’s web-site.
Vestel Elektronik Sanayi ve Ticaret A.Ş.
Contact information:
Address: Zorlu Plaza, 34310 Avcılar/İstanbul
Telephone: 212-456 20 66
Fax: 212-422 01 14
Vestel Elektronik’s 99.2% subsidiary Vestel Dış Ticaret A.Ş. and 100% subsidiary Vestel Dayanıklı Tüketim Malları Pazarlama A.Ş. decided to merge through takeover of Vestel Dayanıklı Tüketim Malları Pazarlama A.Ş. by Vestel Dış Ticaret A.Ş. in accordance with the related articles of Turkish Commercial Code and Corporate Tax Law and to start necessary legal actions accordingly.
The transaction should base on 30.06.2012 financials.
In accordance with the related articles of Capital Market Law, Turkish Commercial Code and Corporate Tax Law, the Board of Directors of Vestel Elektronik Sanayi ve Ticaret A.Ş decided to takeover and merge with Vestel Dijital Üretim Sanayi A.Ş in which the Company has 99.9% stake and necessary legal actions to be started accordingly.