Vestel Beyaz Esya Sanayi ve Ticaret : Eşya Sanayi ve Ticaret Anonim Şirketi Board of Directors has taken the following decisions.
August 19, 2021
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Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi Board of Directors has taken the following decisions.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's Board of Directors has resolved to increase the Company's paid-in capital by 1.41 billion TL from 190 million TL to 1.6 billion TL via a 742% bonus issue, remaining within the registered capital ceiling of 2 billion TL.
Of the total 1.41 billion TL of new capital to be issued, 1,328,436,274,48 TL will be met from the extraordinary reserves, 37,945,054.80 TL from share premium, 30,842,843.26 TL from legal reserves and 12,775,82.46 TL from special funds.
The new shares to be issued with a nominal value of 1.41 billion TL will be distributed to existing shareholders as of the date of the capital increase, in proportion to their shares.
Management will be authorized to undertake the necessary transactions, including the application to the Capital Markets Board, in relation to the bonus issue.
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Vestel Beyaz Esya Sanayi ve Ticaret AS published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 11:03:03 UTC.
Vestel Beyaz Esya Sanayi ve Ticaret AS (Vestel Beyaz Esya) is a Turkey-based manufacturer of home appliances, including no-frost, double door, and single door, refrigerators; washing machines with different capacities; air conditioners; ovens with different functions, and dishwashers. The Company operates production facilities in Manisa and Turkey. The Company's marketing and sales activities are carried out by two other group companies, Vestel Dayanikli Tuketim Mallari Pazarlama AS and Vestel Dis Ticaret AS. Vestel Beyaz Esya is a subsidiary of Vestel Group. In January 2014, Vestel Elektronik Sanayi ve Ticaret AS, increased its stake in the Company to 92.6%.