Date: November 20, 2020
Kobirate International Credit Rating and Corporate Governance Services Inc. (Kobirate Inc.), a rating agency authorized to conduct ratings in compliance with the Capital Markets Board (SPK) Corporate Governance Principles in Turkey, has confirmed our corporate governance compliance rating as 9.53 (95.25%).
In line with the SPK Corporate Governance Principles, the sub-categories of "Shareholders," "Public Disclosure and Transparency," "Stakeholders," and "Board of Directors" are weighted at 25%, 25%, 15%, and 35%, respectively. Our corporate governance compliance rating of 9.53 is determined based on this weighting. 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 "94.49" for "Board of Directors."
The rating of 9.53 provided by Kobirate Inc. as a result of the rating process based on the Corporate Governance Principles is significant in terms of our company's compliance with these principles. The related report has been published on our company's website at www.pinar.com.tr.
We kindly inform you about this.
Best regards,
PINAR SU VE İÇECEK SANAYİ VE TİCARET A.Ş.
Date: September 4, 2020
Regarding the unusual price and volume movement on our company's shares, as indicated in the letter dated 04/09/2020 with reference number BİAŞ-2-3650 from the Borsa Istanbul Presidency, we would like to provide the following statement. There is no undisclosed material information related to our company.
Date: August 19, 2020
On 19/08/2020, a contract was signed between our company and Kobirate International Credit Rating and Corporate Governance Services Inc., which is authorized to provide rating services 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.
Date: July 1, 2020
In accordance with Article 10 of the Capital Markets Board's Communiqué II-17.1 (Communiqué), we present below the conclusion section of the report prepared regarding the ongoing and recurring transactions with our company's related parties in the 2020 financial year, which are expected to exceed the threshold of 10% determined in the Communiqué, and the comparison of the transaction terms with market conditions.
"As per Article 10 of the Capital Markets Board's Communiqué 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% determined in the Communiqué in the 2020 accounting period. Therefore, in this report, the conditions of the transactions with Yaşar Dış Ticaret A.Ş., the pricing method, and the reasons for choosing this method are explained, and it is concluded that the transactions in question are in line with market conditions and comparable transactions."
Date: April 7, 2020
The decision made during our company's general assembly meeting held on 25.03.2020 to select PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as the independent audit firm for the financial statements of the 2020 accounting period has been registered by the İzmir Trade Registry Office on 01.04.2020 and announced in the Turkey Trade Registry Gazette with publication number 10052 on 06.04.2020.
Date: April 1, 2020
The results of our company's Ordinary General Assembly Meeting held on 25.03.2020 have been registered by the İzmir Trade Registry Office on 01.04.2020.
Date: March 30, 2020
In our company's Board of Directors meeting held on 30.03.2020, in accordance with the provisions of the Capital Markets Board's Communiqué on Corporate Governance Serial II-17.1 (the Communiqué);
The Audit Committee was formed with two independent members, with Mr. Feyzi Onur Koca appointed as the chairman and Mr. Sezai Bekgöz appointed as a member.
The Risk Detection Committee was formed with three members, with Mr. Feyzi Onur Koca appointed as the chairman, and Mr. Yılmaz Gökoğlu and Mr. Cengiz Erol appointed as members.
The Corporate Governance Committee was formed to fulfill the responsibilities of the Nomination Committee and the Remuneration Committee in accordance with the Communiqué. It consists of four members, with Mr. Feyzi Onur Koca appointed as the chairman, and Mr. Yılmaz Gökoğlu, Mr. Cengiz Erol, and Mr. Onur Öztürk appointed as members.
We kindly inform you about these decisions.
During the Board of Directors Meeting held on 30th March 2020, 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.
Please be informed accordingly.
Yours sincerely,
Date: March 25, 2020
During the Board of Directors Meeting held on 2nd March 2020, it has been decided to submit to the Ordinary General Assembly for approval that no dividend distribution will be made due to the company's financial results ending in a loss for the year 2019.
Date: March 19, 2020
Our company's Annual General Meeting for the shareholders, pertaining to the year 2019, will be held on Wednesday, 25th March 2020, at 10:00 am, at Pınar Süt Fabrikası located at Yunus Emre Mah. Kemalpaşa Cad. No.317 Bornova/İZMİR, to discuss and decide upon the agenda items provided in the attached document. The agenda and a sample power of attorney related to the General Meeting are enclosed herewith. The company's issued share capital amounts to 44,762,708.445 TL and consists of bearer shares, with each shareholder or proxy present at the general meeting having one voting right per share.
Our Board of Directors, taking into account the opinion of the Audit Committee, has decided on 19th March 2020 to appoint PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as the independent audit firm to audit the financial statements and reports of our Company for the fiscal year covering 2020, in accordance with the principles stipulated by the Turkish Commercial Code No. 6102, Capital Markets Law No. 6362, and related legislation. This decision will be submitted for approval at the Ordinary General Assembly to be held for the year 2019.
Date: March 2, 2020
At our Board of Directors Meeting held on 02nd March 2020, it has been decided to propose to the Ordinary General Assembly that no dividend distribution be made due to the company's financial results ending in a loss for the year 2019. Please be informed accordingly.
Our company's Ordinary General Assembly Meeting for the year 2019 will be held on Wednesday, 25th March 2020, at 10:00 am, at Pınar Süt Factory located at Yunus Emre Mah. Kemalpaşa Cad. No.317 Bornova/İZMİR, to discuss and decide upon the agenda items attached herewith. The invitation announcement, including the agenda and a sample power of attorney, for the General Assembly Meeting is also enclosed. The company's issued capital amounts to 44,762,708.445 TL and consists of bearer shares. Each attending shareholder or their proxy will have one voting right per share.
We present this information.
Date: January 30, 2020
This statement is made in reference to the letter with reference number BİAŞ-2-666, dated 30th January 2020, regarding the unusual price and volume movements in our company's shares as reported by the Presidency of Borsa Istanbul. There are no undisclosed material developments concerning our company.
We hereby present this information for your attention.
Sincerely,
Date: January 29, 2020
We are pleased to inform you that our company has been awarded the tender for the water source of our facility in Bursa/İnegöl, conducted by Bursa Metropolitan Municipality Bursa Water and Sewerage Administration General Directorate. The "Drinking Water Source Lease Agreement" has been signed as a result. Within the scope of this agreement, our company will have the right to use the acquired water source in addition to the existing capacity at the facility for a period of five years.
Regarding the mentioned tender, our company's Board of Directors had previously decided on December 25, 2019, to defer the disclosure of internal information under Article 6 of the Capital Markets Board's II-15.1 Communique on Material Events.
The deferral decision was made to protect the legitimate interests of our company, taking into consideration the potential negative impact on "our legitimate interests" in terms of competition and other relevant factors if the tender became known to the public at that time. This deferral, in accordance with the regulations of the Capital Markets Board, was made to ensure the preservation of our company's legitimate interests, and as soon as the reasons for the deferral ceased to exist, this announcement is being made.
Thank you for your attention.