Date: October 27, 2020
According to the financial statements of Viking Kağıt for the period January 1 – September 30, 2020 prepared within the framework of the Capital Market Board's II - 14.1 Communiqué, the amount of sum of capital and legal reserves remained inadequate, including the explanations in footnote 2 of the related financial statements has been disclosed to the public as of October 27, 2020.
In accordance with the resolution of the Capital Markets Board dated April 10, 2014 numbered 11/352 and 3rd clause of the article 376 of TTC, it has become an obligatory to prepare an interim balance sheet (TTK 376 balance sheet) based on fair value of the Company’s assets.
In the meeting dated October 26, 2020, in order not to replace the periodic financial statements prepared in accordance with the relevant Communiqué, which are completely independent from the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets numbered II-14.1 of the Capital Markets Board, the Company’s Board has approved the balance sheets and footnotes prepared within the scope of article 376/3 of the Turkish Commercial Code and also the Company’s Board has determined aforementioned financials to be disclosed together with the Company’s financial reports, which covers between 01.01.2020 and 30.09.2020 fiscal period, prepared in accordance with the Capital Markets Board's II-14.1 numbered "Communiqué on Principles of Financial Reporting in Capital Markets ".
Within the framework of the valuation by KPMG Bağımsız Denetim ve SMMM A.Ş., TTK 376 balance sheet including brands’ current value (TL 42,230,000) which is an off-balance sheet asset was prepared and enclosed herewith. The Company’s equity has been determined as TL 22,023,038 that shows the Company’s issued capital of TL 42,000,000 is 52% protected. The precautions stipulated in article 376 of the TCC do not need to be taken.
Respectfully Submitted.
Best Regards,
VİKİNG KAĞIT VE SELÜLOZ A.Ş.
Date: August 10, 2020
According to the financial statements of Viking Kağıt for the period January 1 – June 30, 2020 prepared within the framework of the Capital Market Board's II - 14.1 Communiqué, the amount of sum of capital and legal reserves remained inadequate, including the explanations in footnote 2 of the related financial statements has been disclosed to the public as of August 10, 2020.
In the meeting dated August 7, 2020, in order not to replace the periodic financial statements prepared in accordance with the relevant Communiqué, which are completely independent from the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets numbered II-14.1 of the Capital Markets Board, the Company’s Board has approved the balance sheets and footnotes prepared within the scope of article 376/3 of the Turkish Commercial Code and also the Company’s Board has determined aforementioned financials to be disclosed together with the Company’s financial reports, which covers between 01.01.2020 and 30.06.2020 fiscal period, prepared in accordance with the Capital Markets Board's II-14.1 numbered "Communiqué on Principles of Financial Reporting in Capital Markets ".
Within the framework of the valuation by KPMG Bağımsız Denetim ve SMMM A.Ş., TTK 376 balance sheet including brands’ current value (TL 42,230,000) which is an off-balance sheet asset was prepared and enclosed herewith. The Company’s equity has been determined as TL 35,315,624 that shows the Company’s issued capital of TL 42,000,000 is 84% protected. The precautions stipulated in article 376 of the TCC do not need to be taken.
Date: June 30, 2020
In accordance with Communiquè II-17.1 of Capital Markets Board; a report is prepared for common and continuous related party transactions which are expected to occur also in 2020 and to reach more than %10 share stated in the Communiquè. The conclusion section of the report with respect to the terms and conditions of the transactions and comparison of them with market conditions, is as follows:
In accordance with Article 10 of the Capital Markets Board's "Corporate Governance" Communiqué (II.17.1); Since the common and continuous transactions between our Company and its related parties Yaşar Dış Ticaret A.Ş. in 2020 fiscal period are expected to reach more than %10 share, which is stated in the Communiquè; Conditions of the transactions, which are related to the export sales by Yaşar Dış Ticaret A.Ş., the price determination methods and the reasons behind the choice of this method, are all explained and concluded that the transactions are appropriate to the market conditions and arm's length principle.
Date: May 29, 2020
According to the financial statements of Viking Kağıt for the period January 1 - March 31, 2020 prepared within the framework of the Capital Market Board's II - 14.1 Communiqué, the amount of sum of capital and legal reserves remained inadequate, including the explanations in footnote 2 of the related financial statements has been disclosed to the public as of May 29, 2020.
In the meeting dated May 27, 2020, in order not to replace the periodic financial statements prepared in accordance with the relevant Communiqué, which are completely independent from the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets numbered II-14.1 of the Capital Markets Board, the Company’s Board has approved the balance sheets and footnotes prepared within the scope of article 376/3 of the Turkish Commercial Code and also the Company’s Board has determined aforementioned financials to be disclosed together with the Company’s financial reports, which covers between 01.01.2020 and 31.03.2020 fiscal period, prepared in accordance with the Capital Markets Board's II-14.1 numbered "Communiqué on Principles of Financial Reporting in Capital Markets ".
Within the framework of the valuation by KPMG Bağımsız Denetim ve SMMM A.Ş., TTK 376 balance sheet including brands’ current value (TL 42,230,000) which is an off-balance sheet asset was prepared and enclosed herewith. The Company’s equity has been determined as TL 41,196,741 that shows the Company’s issued capital of TL 42,000,000 is 98% protected. The precautions stipulated in article 376 of the TCC do not need to be taken.
Date: April 7, 2020
In the General Assembly Meeting of Viking Kağıt dated March 26, 2020, decision of the appointment of PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as an independent audit firm to audit our Company's 2020 financial statements was registered by Izmir Trade Register Office on April 2, 2020 and publicized on 10053 numbered and April 7, 2020 dated Trade Registry Gazette.
Respectfully submitted.
Date: April 2, 2020
The Company’s 2019 Ordinary General Assembly Meeting results, held on March 26, 2020, are registered by Aliağa Trade Register Office on April 2, 2020.
Date: March 30, 2020
In accordance with II-17.1 Corporate Governance Communiquè regulations (Communiquè) of Capital Markets Board, In the Board Meeting dated March 30, 2020 resolved that,
Audit Committee would be composed of two independent members and Mr. Feyzi Onur Koca was elected to chairmanship and Mr. Yılmaz Attila was elected to membership of the committee,
Committee for Early Determination would be composed of three members and Mr. Feyzi Onur Koca was elected to chairmanship and Mr. Yılmaz Gökoğlu, Mr. Cengiz Erol were elected to memberships of the committee,
Corporate Governance Committee would be composed of four members and Mr. Yılmaz Attila was elected to chairmanship and Mr. Cengiz Erol, Mr. Yılmaz Gökoğlu and Mr. Süleyman Sezer were elected to memberships of the committee, which also fulfills the tasks of the Remuneration Committee and Nominating Committee in accordance with the Communiquè.
In the meeting dated March 30, 2020, Board of Directors resolved that, Ms. İdil YİĞİTBAŞI be appointed as the Chairperson of the Board of Directors, Mr. Mustafa Selim YAŞAR be appointed as the Vice-Chairperson of the Board.
Date: March 26, 2020
At the Company’s Board of Directors Meeting held on March 26, 2020, it has been decided to submit for approval at the Ordinary General Assembly Meeting, the proposal not to distribute any dividends due to the Company’s 2019 activities ended up with loss.
In 2019 Ordinary General Assembly Meeting of our Company which was held on 26 March 2020, the following decisions have been taken.
1. Within the framework of the Turkish Commercial Code and the Capital Markets Board of Turkey and taking the recommendation of the Board of Directors into consideration, PWC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. was elected as the independent audit firm of our company to audit Financial Statements and Reports for a period of one year which covers 2020 fiscal periods.
2. Pursuant to Article 11 of Company’s Articles of Association, the number of Board Directors was determined as 2 independent and 7 in total. Emine Feyhan YAŞAR, Mustafa Selim YAŞAR, İdil YİĞİTBAŞI, Cengiz EROL, Yılmaz GÖKOĞLU as members of Board of Directors and Yılmaz ATTİLA and Feyzi Onur KOCA as independent members of Board of Directors were elected to serve until the Ordinary General Assembly to be organized for the reviewing of the accounts of the year 2020.
Information about resumes of the members of Board of Directors published in the websites of the Company before the General Assembly Meeting was given.
3. The General Assembly of Shareholders informed about guarantees, pledges, mortgages and other guarantees given by our Company in favor of third parties and all income received thereby, pursuant to Article 12 Communique II-17.1 of CMB.
4. Information was given to the General Assembly concerning The Company’s donations and grants to foundations and associations in 2019 and pursuant to CMB legislation an upper limit was decided to be set for donations and grants to be made in 2020, as 0.1% of Total Assets of latest disclosed annual balance sheet.
5. The point of dividend payment is decided to pass without any discussion due to making a loss in 2019 activities.
Date: March 19, 2020
In line with the opinion of the Audit Committee and in compliance with Turkish Commerce Code with the law no. 6102 and Capital Markets Law no. 6362 and in accordance with the principles determined of relevant legislation, Pınar Su ve İçecek Board of Directors, at its meeting on March 19, 2020, resolved to appoint, PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. to audit our Company's 2020 financial statements. It was also decided to submit the appointment resolution for the approval of the General Assembly for 2019.
Date: March 2, 2020
At the Company’s Board of Directors Meeting held on March 2, 2020, it has been decided to submit to approval of the Ordinary General Assembly Meeting, the proposal to not distribute any dividends due to the Company’s 2019 activities ended up with loss.
The company’s 2019 Annual General Assembly Meeting will take place on March 26, 2020, Thursday, at 10:00 at the plant of Pınar Süt A.Ş at the address Yunus Emre Mah. Kemalpaşa Cad. No.317 Bornova/İZMİR to discuss and resolve the attached agenda items.
The announcement regarding the agenda and the proxy form specimen for the General Assembly Meeting are attached.
The company’s issued capital of TL 42,000,000 consists of the shares of registered completely and each share entitles its holder one vote for shareholders or their proxies who will attend general assembly meetings.
According to the financial statements of Viking Kağıt for the period January 1 - December 31, 2019 prepared within the framework of the Capital Market Board's II - 14.1 Communiqué, the amount of TL 37,411,821 sum of capital and legal reserves remained inadequate, including the explanations in footnote 36 of the related financial statements has been disclosed to the public as of March 2, 2020.
In the meeting dated February 27, 2020, in order not to replace the periodic financial statements prepared in accordance with the relevant Communiqué, which are completely independent from the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets numbered II-14.1 of the Capital Markets Board, the Company’s Board has approved the balance sheets and footnotes prepared within the scope of article 376/3 of the Turkish Commercial Code and also the Company’s Board has determined aforementioned financials to be disclosed together with the Company’s financial reports, which covers between 01.01.2019 and 31.12.2019 fiscal period, prepared in accordance with the Capital Markets Board's II-14.1 numbered "Communiqué on Principles of Financial Reporting in Capital Markets ".
Within the framework of the valuation by KPMG Bağımsız Denetim ve SMMM A.Ş., TTK 376 balance sheet including brands’ current value (TL 42,230,000) which is an off-balance sheet asset was prepared and enclosed herewith. The Company’s equity has been determined as TL 47,072,108 that shows the Company’s issued capital of TL 42,000,000 is protected. The precautions stipulated in article 376 of the TCC do not need to be taken.
Date: January 3, 2020
The disclosure is made referring to the letter of Borsa Istanbul, dated January 3, 2020 with an issue number BİAŞ-2-90 which is regarding extraordinary price and amount movement on the Company shares. There exists no material event regarding our company that has not been announced publicly.