Hepsiburada Announces Ordinary General Assembly Meeting for Financial Year 2023

Rhea-AI Summary

Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced its Ordinary General Assembly Meeting for the financial year 2023. The meeting is scheduled for September 12, 2024 at 11:00 Istanbul time at the company's headquarters. The agenda includes key items such as:

1. Discussion of annual report and financial statements
2. Release of Board members from their 2023 activities
3. Decision on profit distribution
4. Approval of new Board member appointments
5. Appointment of independent auditor for 2024
6. Authorization for commercial activities under Turkish Commercial Code
7. Approval of Class B share purchase and directors' insurance policy renewal

Shareholders, including ADS holders, can exercise their voting rights through the designated procedures. Explanatory notes and related materials will be available on the company's investor relations website from August 9, 2024.

Positive

• Timely holding of annual general meeting indicates good corporate governance
• Transparent communication of meeting agenda and procedures to shareholders
• Opportunity for shareholders to participate in key company decisions

Negative

• None.

ISTANBUL, Aug. 09, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS) (the “Company”), a leading Turkish e-commerce platform, will hold its Ordinary General Assembly Meeting of Shareholders (the “General Assembly”) with respect to the financial year 2023, on Thursday, September 12, 2024 at 11:00 Istanbul time at the Company’s headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers, Tower No:2 Şişli, İstanbul.

Holders of the Company’s American Depositary Shares (the “ADSs”) who wish to exercise their voting rights for the underlying shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon.

The agenda of the Annual General Assembly consists of the following items in accordance with the relevant provisions of the Turkish Commercial Code (the “TCC”) and the Regulation on Principles and Procedures for General Assembly Meetings of Joint Stock Companies and the Representatives of the Ministry Attending Such Meetings (the “Regulation”) governing the agenda of ordinary general assembly meetings:

1. Opening of the General Assembly and election of the General Assembly Chairmanship,
2. Authorization of the General Assembly Chairmanship to sign the minutes of the General Assembly,
3. Reading and discussion of the annual report prepared by the Board of Directors of the Company (the “Board of Directors”) for the financial year 2023 and reading of the independent auditor’s report, as stipulated in the Regulation,
4. Reading, discussion, and approval of the financial statements for the financial year 2023 accounting period, as specified in the Regulation,
5. Release of the members of the Board of Directors from all of their respective business, transactions and activities, if any, for the financial year 2023, as specified in the Regulation,
6. Decision on the Company’s profit for the 2023 accounting period, the use of the profit, the proportions of the profit and earnings shares to be distributed, if any, as specified in the Regulation,
7. Decision on the salary, honorarium, bonus, and premium to be paid to the members of the Board of Directors in their capacity as such and, as applicable, in their capacity as members of committees of the Board of Directors for the year 2024 under Article 394 of the TCC and the Regulation,
8. Approval of the appointment of Mr. Ahmet Toksoy, who was appointed by the Board of Directors pursuant to Article 363 of the TCC as a member of the Board of Directors to replace Mr. Mehmet Murat Emirdağ, as specified in the TCC and the Regulation,
9. Approval of the appointment of Mr. Mehmet Erol Çamur, who was appointed by the Board of Directors pursuant to Article 363 of the TCC as a member of the Board of Directors to replace Mr. Halil Cem Karakaş, as specified in the TCC and the Regulation,
10. Appointment of the members of the Board of Directors and determination of their terms of office,
11. Appointment of the independent auditor for the 2024 accounting period, as specified in the Regulation,
12. Authorization of the members of the Board of Directors for the commercial activities and transactions referred to in Articles 395 and 396 of the TCC,
13. Informing the General Assembly about the Class B share purchase from TurkCommerce B.V. carried out pursuant to the decision of the Company’s Board of Directors dated 28/09/2023 and numbered 2023/28, which was held on 18/10/2023 and submitting this transaction for the approval of the General Assembly,
14. Submitting the renewal of the directors’ and officers’ insurance policy to the approval of the General Assembly,
15. Determination of the upper limit for the aid and donations to be made until the next ordinary General Assembly of the Company as 2 per thousands of the total net assets of the Company and approval of the authorization of the Board of Directors within this context,
16. Closing of the meeting.

Explanatory notes on the agenda items along with the copies of certain materials related to the Annual General Assembly will be made available on the Company’s investor relations website https://investors.hepsiburada.com/ as of August 9, 2024.

About Hepsiburada

Hepsiburada is a leading e-commerce technology platform in Türkiye, connecting over 64 million members with over 248 million stock keeping units across over 30 product categories. Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model) with approximately 102 thousand merchants.

With its vision of leading the digitalization of commerce, Hepsiburada acts as a reliable, innovative and purpose-led companion in consumers’ daily lives. Hepsiburada’s e-commerce platform provides a broad ecosystem of capabilities for merchants and consumers including: last-mile delivery and fulfilment services, advertising services, on-demand grocery delivery services, and payment solutions offered through Hepsipay, Hepsiburada’s payment companion and BNPL solutions provider. HepsiGlobal offers a selection from international merchants through its inbound arm while outbound operations aim to enable merchants in Türkiye to make cross-border sales.

Since its founding in 2000, Hepsiburada has been purpose-led, leveraging its digital capabilities to develop the role of women in the Turkish economy. Hepsiburada started the ‘Technology Empowerment for Women Entrepreneurs’ programme in 2017, which has supported approximately 53 thousand female entrepreneurs throughout Türkiye to reach millions of customers with their products.

Investor Relations Contact
ir@hepsiburada.com

Media Contact
corporatecommunications@hepsiburada.com

FAQ

When and where is Hepsiburada (HEPS) holding its 2023 Ordinary General Assembly Meeting?

Hepsiburada (HEPS) will hold its 2023 Ordinary General Assembly Meeting on Thursday, September 12, 2024 at 11:00 Istanbul time at the Company's headquarters in Istanbul, Turkey.

What are the key agenda items for Hepsiburada's (HEPS) 2023 Ordinary General Assembly Meeting?

Key agenda items include discussing the 2023 annual report and financial statements, deciding on profit distribution, approving new Board member appointments, appointing the 2024 independent auditor, and authorizing commercial activities under the Turkish Commercial Code.

How can Hepsiburada (HEPS) ADS holders exercise their voting rights for the 2023 Ordinary General Assembly Meeting?

Hepsiburada (HEPS) ADS holders can exercise their voting rights for the underlying shares through the depositary of the Company's ADS program, The Bank of New York Mellon.

Where can shareholders find explanatory notes and materials related to Hepsiburada's (HEPS) 2023 Ordinary General Assembly Meeting?

Explanatory notes and related materials for Hepsiburada's (HEPS) 2023 Ordinary General Assembly Meeting will be available on the Company's investor relations website (https://investors.hepsiburada.com/) from August 9, 2024.