Core Viewpoint - Hepsiburada, a leading Turkish e-commerce platform, held an Extraordinary General Assembly Meeting (EGM) on January 31, 2025, where significant changes to its Board of Directors and corporate governance structure were approved [1][2]. EGM Voting Results - The EGM was conducted in compliance with the Turkish Commercial Code and the company's Articles of Association, with a quorum present [2]. Changes to the Composition of the Committees of the Board - The election of new Board members was approved, reducing the total number of Board members from eleven to nine, with Mikheil Lomtadze appointed as Chairman and Yuri Didenko as Vice Chairman [4]. - Amendments to the Articles of Association were made, including the removal of privileges for Class A shares and various articles related to share classes and voting rights [4]. Appointment of a General Counsel and Corporate Secretary - Güneş Akman Özcan was appointed as General Counsel and Corporate Secretary, effective January 1, 2025, after serving in an acting capacity since January 1, 2024 [6]. Board Committees Composition - The newly appointed Board established the following Committees: Audit Committee, Early Detection of Risk Committee, and Corporate Governance Committee, with specific members assigned to each [10].

Core Viewpoint - D-MARKET Electronic Services & Trading, operating as Hepsiburada, has completed a significant transaction where Joint Stock Company Kaspi.kz has acquired 65.41% of Hepsiburada's shares for approximately $1,127 million, marking a change in controlling ownership [1][2]. Group 1: Transaction Details - The Buyer purchased all outstanding Class A and Class B shares from the Sellers, representing 65.41% of Hepsiburada's total shares [2]. - The total consideration for the shares was approximately $1,127 million, with $600 million paid in cash on the Closing Date and $526.9 million as Deferred Cash Consideration to be paid within six months [2]. - As collateral for the Deferred Cash Consideration, the Buyer pledged 65,199,658 Class B shares of Hepsiburada [2]. Group 2: Company Overview - Hepsiburada is a leading e-commerce technology platform in Türkiye, utilizing a hybrid model that includes both first-party direct sales and a third-party marketplace with around 100,000 merchants [3]. - The platform aims to lead the digitalization of commerce, providing a wide range of services such as last-mile delivery, fulfillment, advertising solutions, cross-border sales, and payment services [4]. - Hepsiburada's fintech platform, Hepsipay, offers secure payment solutions, enhancing shopping convenience and driving higher sales conversions for merchants [4]. Group 3: Social Impact - Since its inception in 2000, Hepsiburada has focused on empowering women in the Turkish economy, launching the 'Technology Empowerment for Women Entrepreneurs' program in 2017, which has supported nearly 57,500 female entrepreneurs [5].

Core Viewpoint - D-MARKET Electronic Services & Trading (Hepsiburada) and Vodafone Türkiye have formed a strategic collaboration to enhance customer experience in e-commerce and telecommunications [1][4]. Group 1: Collaboration Details - The partnership integrates the "Hepsiburada for Vodafone Users" platform into the Vodafone Yanımda app, which has over 16 million users [2]. - Hepsiburada will manage e-commerce operations on this platform, providing access to 280 million SKUs across more than 30 product categories [2]. - Customers will receive rewards such as free data, special discounts, and promotions when shopping on this platform [2]. Group 2: Benefits for Vodafone Red Members - New Vodafone Red members will receive a complimentary one-year membership to Hepsiburada's loyalty program, Hepsiburada Premium [3]. - Hepsiburada Premium includes benefits like free delivery, scheduled shipping, 3% cashback, a 50% discount on furniture assembly services, and a complimentary subscription to BluTV [3]. Group 3: Strategic Importance - Vodafone Türkiye CEO Engin Aksoy emphasized that this partnership redefines e-commerce and aims to provide an excellent shopping experience with exclusive rewards [4]. - Hepsiburada CEO Nilhan Onal Gökçetekin stated that the collaboration combines the strengths of both companies to add value to millions of Vodafone Türkiye customers [4]. - The initiative is expected to expand the customer base for both companies while offering a fast and rewarding shopping experience [4]. Group 4: Company Background - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating through a hybrid model that includes first-party direct sales and a third-party marketplace with approximately 100,000 merchants [9]. - The platform offers a broad ecosystem of capabilities, including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions [10]. - Hepsiburada's integrated fintech platform, Hepsipay, provides secure payment solutions, enhancing shopping convenience for consumers and driving higher sales conversions for merchants [10]. Group 5: Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, supporting nearly 57,500 female entrepreneurs through its 'Technology Empowerment for Women Entrepreneurs' program [11].

Core Viewpoint - Hepsiburada has received all necessary regulatory approvals for the sale of 65.4% of its outstanding shares to Kaspi.kz, marking a significant step in the company's ownership transition [1]. Regulatory Approvals - As of January 2, 2025, the Turkish Competition Board, the Banking Regulation and Supervision Agency, the Information Technologies and Communications Authority, and the Central Bank of the Republic of Türkiye have granted the required approvals for the stock purchase agreement dated October 17, 2024 [1]. Extraordinary General Assembly - The Board of Directors has called for an Extraordinary General Assembly Meeting on January 31, 2025, at 15:00, to discuss various agenda items including the election of Board members and amendments to the Articles of Association [2][5]. Voting Rights - Holders of the Company’s American Depositary Shares (ADSs) must act through The Bank of New York Mellon to exercise their voting rights for the underlying shares [3]. Company Overview - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating a hybrid model that includes first-party direct sales and a third-party marketplace with approximately 100,000 merchants [8]. Services Offered - The platform provides a wide range of services including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions, enhancing convenience for consumers and driving sales for merchants [9]. Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, notably through its "Technology Empowerment for Women Entrepreneurs" program, which has supported nearly 57,500 female entrepreneurs [10].

Group 1 - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating through a hybrid model that combines first-party direct sales and a third-party marketplace with approximately 100 thousand merchants [4][6] - The company has been purpose-driven since its founding in 2000, focusing on empowering women in the Turkish economy through initiatives like the "Technology Empowerment for Women Entrepreneurs" program, which has supported nearly 57.5 thousand female entrepreneurs [2] - Hepsiburada's integrated fintech platform, Hepsipay, offers secure payment solutions, enhancing shopping convenience for consumers and driving higher sales conversions for merchants [7] Group 2 - Effective December 27, 2024, Mr. Hikmet Ersek stepped down from his position as an independent member of the Board of Directors and a member of the Corporate Governance Committee [1] - The Board of Directors appointed Mr. Tayfun Bayazıt, an independent member, as the new member of the Corporate Governance Committee to replace Mr. Hikmet Ersek [5]

ISTANBUL, Dec. 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), announces the 21-month results of the "Trade and Technology Empowerment for the Earthquake Region" program (the "Program") for the period from March 6, 2023 to December 4, 2024. Since the Program's launch in March 2023: •  The total number of active merchants operating in the earthquake region has ...

Core Insights - Hepsiburada has reported significant progress in its "Trade and Technology Empowerment for the Earthquake Region" program, which aims to support businesses in the earthquake-affected areas of Turkey since its launch in March 2023 [1] Group 1: Program Achievements - The total number of active merchants in the earthquake region has reached approximately 9,600, with around 5,700 new businesses selling online through Hepsiburada, marking an increase of over 22% in the last three months [2] - Active sellers in the earthquake region have sold a total of 12.1 million products through 8 million orders, generating a trade volume exceeding TRY 8.7 billion, which represents an increase of approximately 28% in the last three months [3] - The trade volume generated by over 4,000 women entrepreneurs and women’s cooperatives in the region reached approximately TRY 610 million [3] - More than 4,000 SMEs and tradespeople have received training at the E-Commerce Specialization Centers located in Adana, Hatay, and Kahramanmaraş [4] Group 2: Program Duration - The "Trade and Technology Empowerment for the Earthquake Region" program is expected to last for two years from its inception [5] Group 3: Company Overview - Hepsiburada is a leading e-commerce technology platform in Turkey, operating through a hybrid model that combines first-party direct sales and a third-party marketplace with approximately 100,000 merchants [9] - The platform offers a broad ecosystem of capabilities for merchants and consumers, including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions [10] - Hepsiburada's integrated fintech platform, Hepsipay, provides secure payment solutions, enhancing shopping convenience for consumers and driving higher sales conversions for merchants [10] - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, having supported nearly 57,500 female entrepreneurs through its "Technology Empowerment for Women Entrepreneurs" program [11]

ISTANBUL, Türkiye, Dec. 03, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, has been recognized with five awards at the International Customer Experience Awards, hosted by the UK-based Customer Experience Magazine. Customer Experience Magazine is a globally recognized platform showcasing industry news, insights, and success stories related to customer experience. The awards recognize organizations that deliver outst ...

ISTANBUL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the third quarter ending September 30, 2024 before the U.S. market opens on Tuesday, December 10, 2024. Conference Call and Webcast DetailsHepsiburada’s management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 8.00 ...

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