Date: November 18, 2022
Kobirate International Credit Rating and Corporate Governance Services Inc. (Kobirate Inc.), a rating agency authorized to conduct corporate governance ratings in compliance with the Capital Markets Board (CMB) Corporate Governance Principles in Turkey, has confirmed our corporate governance rating as 9.54 (95.42%).
In accordance with the CMB Corporate Governance Principles, our corporate governance rating of 9.54 is determined by weighting the sub-categories of "Shareholders" (25%), "Public Disclosure and Transparency" (25%), "Stakeholders" (15%), and "Board of Directors" (35%).
The distribution of our corporate governance rating in these sub-categories is as follows: "Shareholders" (95.51), "Public Disclosure and Transparency" (95.38), "Stakeholders" (96.82), and "Board of Directors" (94.79).
The corporate governance rating of 9.54, provided by Kobirate Inc. based on the Corporate Governance Principles, is of significant importance regarding our company's compliance with these principles. The corresponding report has been published on our company's website at www.pinarsu.com.tr.
Thank you for your attention to this matter.
Best regards,
PINAR SU VE İÇECEK SANAYİ VE TİCARET A.Ş.
Date: September 27, 2022
In reference to the letter dated 27/09/2022 with the reference number E-18454353-100.06-11455 from Borsa Istanbul A.Ş. regarding the unusual price and volume movements in our company's shares, we would like to make the following statement. There is no undisclosed material information concerning our company.
Date: September 20, 2022
In accordance with Article 10 of the Capital Markets Board's Communiqué II-17.1, regarding anticipated widespread and continuous transactions with our company's related parties for the 2022 accounting period, which are expected to exceed the threshold of 10% as determined in the Communiqué, the conclusion section of the report, 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 Communiqué II-17.1, it is anticipated that the transactions with Yaşar Dış Ticaret A.Ş., a related party of our company, will exceed the threshold of 10% as determined in the Communiqué for the 2022 accounting period. Therefore, in this report, the conditions and pricing method of the transactions with Yaşar Dış Ticaret A.Ş. are explained, along with the rationale for selecting this method, and it is concluded that these transactions comply with market conditions and comparable transactions."
Date: August 12, 2022
An agreement has been signed on 12/08/2022 between our company and Kobirate International Credit Rating and Corporate Governance Services Inc., which is authorized 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 agreement is one year.
Date: May 12, 2022
The "Report on the Use of Funds Obtained from Capital Increase" prepared by the Audit Committee is attached herewith.
Date: April 28, 2022
During the Board of Directors Meeting held on 28th April 2022, in accordance with the provisions of the Capital Markets Board's Corporate Governance Communiqué (Communiqué) numbered II-17.1:
The Audit Committee shall consist of two independent members, with Ms. Nalan Erkarakaş appointed as the chairperson and Ms. Damla Tolga Birol appointed as a member.
The Early Detection of Risk Committee shall consist of three members, with Ms. Damla Tolga Birol appointed as the chairperson, and Ms. Nalan Erkarakaş and Mr. Hakkı Hikmet Altan appointed as members.
The Corporate Governance Committee shall perform the duties of the Nomination Committee and the Remuneration Committee in accordance with the Communiqué. It shall consist of four members, with Ms. Nalan Erkarakaş appointed as the chairperson, and Ms. Damla Tolga Birol, Mr. Yılmaz Gökoğlu, and Mr. Onur Öztürk appointed as members.
Date: April 15, 2022
The results of the Ordinary General Assembly Meeting for the year 2021, held on 29th March 2022, have been registered by the Izmir Trade Registry Office on 15th April 2022.
Thank you for your attention.
Yours sincerely,
Date: April 6, 2022
At the Board of Directors Meeting of our company held on 6th April 2022, 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: March 29, 2022
At the Ordinary General Assembly Meeting of our company held on 29th March 2022, it has been decided to pass over the agenda item regarding the distribution of dividends for the year 2021, due to the company's activities resulting in a loss.
Our company held the Ordinary General Assembly Meeting for the year 2021 on Tuesday, 29th March 2022, at 10:00 AM, at the address Altın Yunus Mahallesi 3215 Sk. No:38 Çeşme/İzmir, to discuss and decide upon the agenda items attached.
The invitation announcement, which includes the agenda and a sample power of attorney regarding the General Assembly Meeting, is enclosed.
The company's issued capital is 94,762,708.45 TL and consists of bearer shares. Shareholders or their proxies attending the general assembly meetings have one voting right for each share.
Date: March 25, 2022
The Board of Directors of our company, taking into consideration 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 related regulations, to appoint PwC Independent Audit and Certified Public Accounting Inc. to audit the financial statements and reports of our company for the fiscal year covering 2022, and to submit this appointment for approval at the Ordinary General Assembly to be held for the year 2021.
Date: March 11, 2022
Attached is the "Report on the Utilization of the Funds Obtained from Capital Increase" prepared by the Audit Committee in accordance with Article 33 of the Capital Markets Board's Communiqué on Shares (VII-128.1), regarding the increase of our company's issued capital from 44,762,708.45 TL to 94,762,708.45 TL by a cash payment of 50,000,000 TL, representing a 111.70% increase, while remaining within the registered capital ceiling of 220,000,000 TL.
We present this matter for your information.
Date: March 2, 2022
At the Board of Directors Meeting of our company held on 2nd March 2022, it has been decided to submit to the approval of the Ordinary General Assembly that no dividend distribution will be made due to the loss incurred in the activities of the year 2021.
Our company will hold the Ordinary General Assembly Meeting for the year 2021 to discuss and decide upon the agenda items attached. The meeting will take place on Tuesday, March 29, 2022, at 10:00 AM, at the address Altın Yunus Mahallesi 3215 Sk. No:38 Çeşme/İzmir.
The invitation announcement, which includes the agenda and a sample power of attorney, regarding the General Assembly Meeting is enclosed.
Date: February 25, 2022
The Income Statement, which is not prepared in accordance with the Capital Market Legislation, is included as a PDF file in the attachment to the Temporary Tax Declaration submitted to the Tax Office for the period 1st January 2021 - 31st December 2021.
Date: February 24, 2022
During our company's Board of Directors Meeting held on February 24, 2022, it has been decided to appoint Mr. Mehmet AKTAŞ as a member of the Board of Directors to complete the remaining term and serve until the next general assembly meeting.
We kindly inform you about this.