Date: November 21, 2018
In our statement sent on 21/11/2018 at 14:33:18, there was an inadvertent error in the "Rating Agency Title" field in the "Notification Content" form. The necessary correction has been made.
Kobirate International Credit Rating and Corporate Governance Services Inc. (Kobirate Inc.), which is authorized to conduct ratings in compliance with the Capital Markets Board (CMB) Corporate Governance Principles in Turkey, has revised our corporate governance rating and increased it from 9.46 out of 10 (94.63%) to 9.50 (94.97%).
In accordance with the CMB's Corporate Governance Principles, the weighting of the sub-categories "Shareholders," "Public Disclosure and Transparency," "Stakeholders," and "Board of Directors" is determined as 25%, 25%, 15%, and 35% respectively. Our corporate governance rating of 9.50 is determined based on this weighting, and the distribution of our rating in these sub-categories is as follows: "95.44" for "Shareholders," "95.09" for "Public Disclosure and Transparency," "96.98" for "Stakeholders," and "93.70" for "Board of Directors."
The rating of 9.50 given by Kobirate Inc. based on the Corporate Governance Principles is of significant importance for our company in terms of complying with corporate governance practices. The related report has been published on our company's website www.pinar.com.tr.
We present this information for your attention.
Yours sincerely,
PINAR SU SANAYİ VE TİCARET A.Ş.
Date: August 17, 2018
On 17/08/2018, a contract was signed between our company and Kobirate International Credit Rating and Corporate Governance Services Inc., which is authorized to conduct rating activities in accordance with the Capital Markets Board Corporate Governance Principles in Turkey, for the renewal of our corporate governance rating. The contract is valid for one year.
Date: June 7, 2018
In accordance with Article 10 of the Capital Markets Board's Communique II-17.1 (Communique), the conclusion section of the report prepared regarding the transactions with our company's related parties, which are expected to continue in the 2018 fiscal year and exceed the threshold of 10% set forth in the Communique for widespread and continuous transactions, comparing the terms of the transactions with market conditions, is presented below for your information.
"Based on Article 10 of the Capital Markets Board's Communique II-17.1, it is anticipated that the transactions with Yaşar Dış Ticaret A.Ş., one of our company's related parties, will exceed the threshold of 10% set forth in the Communique in the 2018 fiscal year. Therefore, in this report, the conditions and pricing method of the sales transactions made to Yaşar Dış Ticaret A.Ş. are explained, along with the reasons for selecting this method, and it is concluded that these transactions are in line with market conditions and comparable transactions."
Date: April 19, 2018
As of 19/04/2018, the company headquarters has been relocated to the following address:
KEMALPAŞA Mah. KEMALPAŞA Cad. DESA-OTAK KAZAN ÜRETİMİ Apt. No.262/BORNOVA/ İZMİR
Date: April 11, 2018
The decision made during our company's general assembly meeting held on 30.03.2018 to select PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as the independent audit firm for the audit of the financial reports for the 2018 fiscal year has been registered by the İzmir Trade Registry Office on 05.04.2018 and announced in the Turkish Trade Registry Gazette with registration number 9556 on 11.04.2018.
Date: April 5, 2018
The results of our company's 2017 Ordinary General Assembly Meeting, held on March 30, 2018, have been registered by the İzmir Trade Registry Office on April 05, 2018.
At our Board of Directors Meeting held on 05.04.2018, 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.
At our Board of Directors Meeting held on 05.04.2018, 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. Ali Yiğit Tavas appointed as the chairman and Mr. Kemal Semerciler appointed as a member.
The Risk Oversight Committee will consist of three members, with Mr. Kemal Semerciler appointed as the chairman, and Mr. Yılmaz Gökoğlu and Mr. Cengiz Erol appointed as members.
The Corporate Governance Committee will fulfill the responsibilities of the Nomination Committee and the Remuneration Committee in accordance with the Communiqué; it will consist of four members, with Mr. Ali Yiğit Tavas appointed as the chairman, and Mr. Yılmaz Gökoğlu, Mr. Cengiz Erol, and Mr. Onur Öztürk appointed as members.
These decisions have been made.
Date: March 30, 2018
Due to the company's operations resulting in a loss in the year 2017, it has been decided to proceed without discussing the item of annual profit distribution.
Our company's Ordinary General Assembly Meeting for the year 2017, held to discuss and decide upon the agenda items attached herewith, took place on Friday, March 30, 2018, at 10:00 AM at Pınar Süt Fabrikası located at Kemalpaşa Street No.317, Pınarbaşı/İZMİR. The invitation announcement text, which includes the agenda for the General Assembly Meeting and a sample proxy form, is enclosed herewith. The company's issued capital amounts to 44,762,708.445.-TL, consisting of bearer shares, and each attending shareholder or their proxies shall have one voting right per share at the general assembly meetings.
2017 Ordinary General Assembly Meeting Minutes
2017 Ordinary General Assembly Attendance List
Date: March 23, 2018
Our company's Board of Directors, taking into consideration the opinion of the Audit Committee, in accordance with the provisions of the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362, and the relevant legislation, has decided to appoint PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. to audit the financial statements and reports of our company for the fiscal period covering the year 2018. This appointment will be subject to the approval of the Ordinary General Assembly Meeting to be held for the year 2017.
Date: March 5, 2018
At our Board of Directors Meeting held on 05/03/2018, our Board of Directors has decided to propose to the Ordinary General Assembly that no profit distribution be made due to the company's loss in the year 2017.
Our company's Ordinary General Assembly Meeting for the year 2017 will be held on Friday, March 30, 2018, at 10:00 AM at Pınar Süt Fabrikası located at Kemalpaşa Street No.317, Pınarbaşı/İZMİR, in order to discuss and decide upon the agenda items attached herewith. The invitation announcement text, which includes the agenda for the General Assembly Meeting and a sample proxy form, is enclosed herewith. The company's issued capital amounts to 44,762,708.445.-TL, consisting of bearer shares, and each attending shareholder or their proxies shall have one voting right per share at the general assembly meetings.
2017 Ordinary General Assembly Information Document
2017 Ordinary General Assembly Announcement