Date: November 21, 2019
We are pleased to announce that Kobirate International Credit Rating and Corporate Governance Services Inc. (Kobirate Inc.), a rating agency authorized to conduct assessments in compliance with the Corporate Governance Principles of the Capital Markets Board of Turkey (CMB), has revised our corporate governance rating. Our rating has been upgraded from 9.50 (94.97%) to 9.53 (95.25%).
In accordance with the CMB's Corporate Governance Principles, the subcategories of "Shareholders," "Public Disclosure and Transparency," "Stakeholders," and "Board of Directors" have been weighted at 25%, 25%, 15%, and 35% respectively. Our corporate governance rating of 9.53 reflects the distribution of "95.44," "95.09," "96.98," and "94.49" for these respective subcategories.
The rating of 9.53, provided by Kobirate Inc. through the assessment based on the Corporate Governance Principles, is of significant importance as it demonstrates our company's commitment to adhering to these principles. The detailed report regarding the assessment has been published on our company's website www.pinar.com.tr.
Thank you for your attention.
Sincerely,
PINAR SU VE İÇECEK SANAYİ VE TİCARET A.Ş.
Date: November 15, 2019
In response to the letter with reference number BİAŞ-2-8768 dated November 15, 2019, regarding the unusual price and volume movements in our company's shares, we would like to make the following statement. There are no undisclosed material developments concerning our company.
We kindly request you to take note of this information.
Best regards,
Date: August 19, 2019
On 19/08/2019, a contract was signed between our company and Kobirate International Credit Rating and Corporate Governance Services Inc., which has the authorization to conduct ratings in compliance with the Capital Markets Board Corporate Governance Principles in Turkey, for the renewal of our corporate governance rating. The validity period of the contract is one year.
We present it to your information.
Date: July 28, 2019
In accordance with Article 10 of the Capital Markets Board's Regulation II-17.1 (the Regulation), the conclusion section of the report prepared regarding the transactions that are expected to continue with the related parties of our Company during the 2019 financial year and that are projected to exceed the threshold of 10% set forth in the Regulation for significant and continuous transactions, and their comparison with market conditions, is provided below for your information.
"Based on Article 10 of the Capital Markets Board's Regulation II-17.1, it is projected that the transactions between our Company and Yaşar Dış Ticaret A.Ş., one of our related parties, will exceed the threshold of 10% set forth in the Regulation during the 2019 financial year. Therefore, in this report, the conditions of the transactions, the pricing method, and the reasons for selecting this method are explained, and it is concluded that the said transactions are in line with market conditions and comparable transactions."
Date: April 15, 2019
Previous Name: PINAR SU SANAYİ VE TİCARET A.Ş
New Name: PINAR SU VE İÇECEK SANAYİ VE TİCARET A.Ş
Registration Date of Name Change: 09/04/2019
The decision taken during our company's general meeting held on 28.03.2019 to appoint PwC Independent Audit and Certified Public Accountancy Inc. as the independent audit firm for the financial statements of the fiscal year 2019 has been registered by the İzmir Trade Registry Office on 09.04.2019 and announced in the Official Gazette of the Turkish Trade Registry with number 9809 on 15.04.2019.
Please be informed accordingly.
Yours sincerely,
Date: April 9, 2019
The results of our company's Ordinary General Meeting held on 28.03.2019 have been registered by the İzmir Trade Registry Office on 9 April 2019.
Date: April 5, 2019
In the Board of Directors Meeting of our company held on 05.04.2019, in accordance with the provisions of the Capital Markets Board's Corporate Governance Communiqué (Communiqué) Serial II-17.1:
The Audit Committee will consist of two independent members, with Mr. Kemal Semerciler appointed as the Chairman and Mr. Sezai Bekgöz as a member.
The Risk Detection Committee will consist of three members, with Mr. Kemal Semerciler appointed as the Chairman, and Mr. Yılmaz Gökoğlu and Mr. Cengiz Erol as members.
The Corporate Governance Committee will perform the duties of the Nomination Committee and Remuneration Committee in compliance with the Communiqué. It will consist of four members, with Mr. Kemal Semerciler appointed as the Chairman, and Mr. Yılmaz Gökoğlu, Mr. Cengiz Erol, and Mr. Onur Öztürk as members.
In the Board of Directors Meeting of our company held on 05.04.2019, it has been decided to appoint Ms. Emine Feyhan YAŞAR as the Chairman of the Board of Directors and Ms. İdil YİĞİTBAŞI as the Vice Chairman of the Board of Directors.
Date: April 1, 2019
During the Ordinary General Assembly Meeting of our company held on 28.03.2019, the amendment to Article 2 titled "Company Name" of the Company's Articles of Association has been approved.
The approved amendment proposal is attached herewith.
Amendment to Articles of Association
Date: March 28, 2019
In the Board of Directors Meeting of our company held on 01/03/2019, the Board of Directors has decided to propose to the Ordinary General Assembly that no profit distribution be made due to the loss incurred in the activities of the year 2018.
Our company's Ordinary General Assembly Meeting for the year 2018 was held on Thursday, 28 March 2019, at 10:00 am, at Pınar Süt Factory located at Yunus Emre Mah. Kemalpaşa Cad. No.317 Bornova/İZMİR, in order to discuss and resolve the agenda items attached herewith.
The invitation announcement, including the agenda for the General Assembly Meeting and a sample power of attorney, is enclosed herewith.
The company's issued capital is 44,762,708.445.-TL and consists of bearer shares. Each attending shareholder or proxy holder at the General Assembly meetings is entitled to one voting right per share.
PINAR SU SANAYİ VE TİCARET A.Ş.
Date: March 25, 2019
Our company's Board of Directors, taking into account the opinion of the Audit Committee, has decided in accordance with the provisions of the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362, and the relevant regulations, to appoint PwC Independent Audit and Certified Public Accountancy Inc. for the audit of our company's financial statements and reports covering the 2019 accounting period. This appointment is subject to the approval of the Ordinary General Assembly meeting to be held for the year 2018.
Date: March 8, 2019
The amendment to Article 2 titled "Company Name" of the Company's Articles of Association has been approved in the form attached, as conveyed to our Company today, by the letter dated 05.03.2019 and numbered 29833736-110.03.03-E.3473 from the Capital Markets Board of the Republic of Turkey.
It is envisaged that the draft amendment to the articles of association will be presented to the approval of the shareholders at the first general assembly meeting following the approval of the Ministry of Trade.
Date: March 4, 2019
With the decision taken by our Board of Directors on 28.02.2019, an application has been made to the Capital Markets Board regarding the amendment of Article 2 titled "Company Name" of the Company's Articles of Association.
Date: March 1, 2019
Our company's Ordinary General Assembly Meeting for the year 2018 will be held on Thursday, 28 March 2019, at 10:00 am, at Pınar Süt Factory located at Yunus Emre Mah. Kemalpaşa Cad. No.317 Bornova/İZMİR, in order to discuss and resolve the agenda items attached herewith.
The company's issued capital, which amounts to 44,762,708.445.-TL, consists of bearer shares. Shareholders or their proxies attending the General Assembly meetings are entitled to one voting right per share.
Date: February 28, 2019
In the meeting of our Company's Board of Directors held on 28.02.2019, it was decided to amend Article 2 titled "Company Name" of the Company's Articles of Association, due to the diversification of the Company's activities in the beverage sector. This amendment will be subject to obtaining the necessary approvals from the Capital Markets Board and the Ministry of Trade of the Republic of Turkey, as well as the approval of our shareholders at the first General Assembly meeting to be held on this matter.