Date: November 16, 2018
SAHA Corporate Governance and Credit Rating Services, Inc. ("SAHA"), which is authorized to carry out ratings in accordance with the Corporate Governance Principles by the Capital Markets Board (CMB) in Turkey, revized the Corporate Governance Rating of our Company as 9.26 out of 10 (92.62%), before it was 9.27 (92.71%).
According to Corporate Governance Principles of the CMB, the weighted sub-categories are “Shareholders: 25%”, “Public Disclosure and Transparency: 25%”, “Stakeholders: 15%”, “Board of Directors: 35%” the breakdown of the corporate governance rating graded as 9.27 by sub-categories are stated as "86.85", "94.40", "98.33" and "93.29" respectively.
As a result of rating process which is based on The Corporate Governance Principles, SAHA Inc. assigned grade as 9.27 which is a significant aspect of our compliance with the principles of The Corporate Governance, the report has been released on our Company’s website www.pinar.com.tr.
Respectfully submitted.
Best Regards,
PINAR SÜT MAMULLERİ SANAYİİ A.Ş.
Date: August 3, 2018
An agreement has been signed between our company and SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. which is officially authorized to perform corporate governance rating in compliance with Corporate Governance Principals of Capital Markets Board on August 3, 2018 regarding the renewal of our corporate governance rating. Validity term of the agreement is one year.
Date: June 6, 2018
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 2018 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 Birleşik Pazarlama and Yaşar Dış Ticaret in 2018 fiscal period are expected to reach more than %10 share, which is stated in the Communiquè, the conditions of the transactions, the price determination method and the reasons behind the choice of this method are all explained and the state of the transactions against the market conditions were presented in this report.”
Date: April 19, 2018
The Company’s head office has been changed as below by April 19, 2018.
Yunus Emre Mah. Kemalpaşa Cad. No:317 Bornova/İzmir
Date: April 13, 2018
In the General Assembly Meeting of Pınar Süt dated March 30, 2018, decision of the appointment of PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. to audit our Company's 2018 financial statements are registered by İzmir Trade Register Office on April 6, 2018 and it was announced 9558 numbered April 13, 2018 dated Trade Registry Gazette.
Date: April 9, 2018
The Company’s 2017 Ordinary General Assembly Meeting results, held on March 30, 2018, are registered by İzmir Trade Register Office on April 6, 2018.
Date: April 5, 2018
In the meeting dated April 5, 2018, Pınar Süt Board of Directors resolved that, Ms. İdil Yiğitbaşı be appointed as the Chairperson of the Board of Directors, Ms. Emine Feyhan Yaşar be appointed as the Vice-Chairperson of the Board.
In the Board Meeting dated April 5, 2018,
In accordance with II-17.1 Corporate Governance Communiquè regulations (Communiquè) of Capital Markets Board, Pınar Süt Board of Directors resolved that;
-The Audit Committee, which consists of two members, Mr. Yılmaz Attila, independent member, be appointed as the Head of the Committee; Mr. Kemal Semerciler, independent member, be appointed as member of the Committee,
- The Committee for Early Determination of Risks, which consists of three members, Mr. Kemal Semerciler be appointed as the Head of the Committee; Mr. Cengiz Erol, Mr. Yılmaz Gökoğlu be appointed as members of The Committee,
-The Corporate Governance Committee, which consists of four members, Mr. Yılmaz Attila be appointed as the Head of the Committee; Mr. Cengiz Erol, Mr. Yılmaz Gökoğlu and Mr. Gökhan Kavur be appointed as members of the Committee, which also fulfills the tasks of the Remuneration Committee and Nominating Committee in accordance with the Communiquè.