Hepsiburada Plans for Its 2024 General Assembly Meeting
Hepsiburada, known as D-MARKET Electronic Services & Trading, is gearing up for its Ordinary General Assembly Meeting of Shareholders scheduled for the financial year 2024. This significant event will take place at the Company’s headquarters in Istanbul with participants keen to understand the developments for the upcoming year.
Key Details of the Assembly
As we look forward to the date set for the General Assembly meeting, shareholders holding Hepsiburada’s American Depositary Shares (NASDAQ: HEPS) will need to navigate through the depositary program to ensure their voting rights are exercised properly. It is essential for all participants to familiarize themselves with how to effectively represent their interests during the meeting.
Agenda Overview
The agenda for the assembly is comprehensive and adheres to the necessary provisions laid out in the Turkish Commercial Code. Here are the focal points that will be addressed:
- Election of the General Assembly Chairmanship to oversee the proceedings.
- Authorization for the Chairmanship to sign the minutes, ensuring accountability.
- Discussion of the annual report and independent auditor’s findings, which provide insight into the company's financial health.
- Approval of financial statements from the previous accounting period, a crucial step for transparency.
- Release of the Board of Directors from liability for their actions in the last fiscal year - a confidence vote.
- Decisions regarding the allocation of profits, which directly affects shareholder returns.
- Perks for the Board members, including salary and bonuses, reflecting their performance and contribution to the company.
- Appointment of a new independent auditor for the upcoming year.
- Endorsement of inflation accounting processes, aligning financial practices with current regulations.
- Approval of budgetary limits for donations to be made before the next assembly meeting.
- Conclusion of the meeting.
Engaging with Shareholders
Hepsiburada is dedicated to offering transparency to its shareholders. Detailed information regarding each agenda item along with related materials is accessible on the company's investor relations site. This proactive approach ensures that shareholders remain well-informed and engaged throughout the process.
About Hepsiburada
Hepsiburada stands out as a leading e-commerce platform in Türkiye, embracing a hybrid business model that merges direct sales with a marketplace for third-party merchants, boasting around 100,000 merchants. This model allows it to cater effectively to the diverse needs of its customer base.
The company is focused on leading the digital transformation of commerce in Turkey, enhancing daily lives with innovative solutions from last-mile delivery to secure payment options through its Hepsipay platform. This integrated fintech service not only offers secure digital wallets but also loans, and flexible payment solutions like buy now pay later.
Empowering Women and Entrepreneurs
Since its inception in 2000, Hepsiburada has been driven by a mission to empower women within the Turkish economy, highlighted by its 'Technology Empowerment for Women Entrepreneurs' initiative launched in 2017. This program has supported countless female entrepreneurs, helping them reach new customers and significantly contributing to ongoing economic growth.
Contact Information for Investors
For any inquiries regarding investor relations, you can reach out to the appropriate contacts directly via email. Hepsiburada encourages open communication and feedback from both existing and potential investors.
Frequently Asked Questions
What is the purpose of Hepsiburada’s General Assembly Meeting?
The General Assembly Meeting allows shareholders to vote on critical company decisions and review financial reports.
How can shareholders participate in the meeting?
Shareholders must go through the depositary of the ADS program to ensure they can exercise their voting rights.
What are some key agenda items for the meeting?
Key items include the approval of financial statements, release of Board members from liability, and decisions on profit distribution.
When is the General Assembly meeting scheduled?
The meeting is scheduled for September 15, 2025.
How does Hepsiburada support women entrepreneurs?
Hepsiburada has initiatives focused on improving access and resources for women in the Turkish economy.
