Capital/Financing Update • Feb 25, 2021
Capital/Financing Update
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| Summary Info | Sale To Qualified Investor |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Authorized Member Decision Date | 25.02.2021 |
| Issue Limit | 750.000.000 |
| Currency Unit | TRY |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Sale To Qualified Investor |
| Domestic / Oversea | Domestic |
Additional Explanations
Vestel Elektronik Sanayi ve Ticaret AŞ's Board of Directors decided to authorize the Company's management to carry out the necessary procedures to issue up to TL 750 mn of debt instruments in single or multiple tranches with varying maturities of maximum 5 years. The instruments will be sold to qualified investors and/or private placements in the domestic market and can be issued as all kinds of bonds, convertible bonds, exchangable bonds, commercial papers and other capital market instruments that are debt instruments by their nature and accepted by the Capital Markets Board. Any two member of the Board of Directors who has first degree signature authority is authorized with a joint signature to carry out the necessary transactions, without any monetary limitation, related with this resolution.
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