Hepsiburada Sets Date for Extraordinary Shareholder Assembly
Hepsiburada Announces Extraordinary General Assembly Meeting
Hepsiburada, a prominent Turkish e-commerce platform known for its hybrid operational model, will hold an Extraordinary General Assembly Meeting. This meeting is pivotal for shareholders to discuss essential corporate matters, including a significant capital increase.
Details of the Extraordinary General Assembly Meeting
The assembly is set to convene at Hepsiburada's headquarters, where shareholders will gather to endorse a proposed share capital increase amounting to TRY 4,171,960,010.85. The new structure will result in an increased nominal share capital from TRY 65,199,658.00 to TRY 72,368,116.80.
Proposed Changes and Agenda
The meeting's agenda includes crucial topics, starting with the election of the assembly chairmanship. Shareholders will discuss the approval of the share capital increase while addressing the implications for pre-emptive rights under the Turkish Commercial Code.
Further Amendments to Corporate Governance
In addition to the capital discussions, there will be proposed amendments to various articles within the Company’s Articles of Association. These changes aim to enhance compliance with corporate governance principles and refine the company's operational framework.
Preparation for the Meeting
In advance of the assembly, shareholders can access detailed explanatory notes and related materials on Hepsiburada's investor relations website. This ensures transparency and allows stakeholders to stay informed on pivotal changes that will shape the future of the company.
Voting Rights and Participation
Holders of Hepsiburada's American Depositary Shares (ADSs) who wish to exercise their voting rights must do so through The Bank of New York Mellon, which administers the company's ADS program. This procedure is critical for ensuring that international investors can participate effectively in governance matters.
About Hepsiburada
Since its inception in 2000, Hepsiburada has established itself as a leader in e-commerce technology across Turkey. The platform merges first-party direct sales and a third-party marketplace, supporting around 100,000 merchants.
Hepsiburada is dedicated to digitalization in commerce and is focused on making everyday shopping easier for consumers. They offer a comprehensive ecosystem, including fulfillment services, payment solutions, and advertising tools, aimed at enhancing user experiences.
Empowerment Initiatives
In alignment with its mission, Hepsiburada actively supports women in the business sector through initiatives like the ‘Technology Empowerment for Women Entrepreneurs’ program. This initiative has successfully assisted approximately 65,000 female entrepreneurs in connecting with vast customer bases, thus contributing to economic empowerment.
Investor Relations and Communication
For inquiries, investors may contact Hepsiburada's investor relations through email. The company encourages an open dialogue with shareholders to ensure they are informed about developments that matter to them.
Frequently Asked Questions
What is the purpose of the Extraordinary General Assembly?
The assembly aims to discuss a share capital increase and other critical amendments to the company's articles of association.
When will the assembly take place?
The Extraordinary General Assembly will be convened, allowing shareholders to participate in major corporate decisions.
How can shareholders prepare for the meeting?
Shareholders can review the explanatory notes and corporate materials available on the investor relations website prior to the meeting.
What should ADS holders do to vote?
ADS holders must coordinate with The Bank of New York Mellon to exercise their voting rights during the assembly.
How does Hepsiburada support women entrepreneurs?
Hepsiburada's initiatives empower women by providing resources and support to help female entrepreneurs succeed in the market.
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