INVESTOR RELATIONS

  • Company Type


    Incorporated Company


    Mersis

    0411003912500017


    Trade Registry Office

    İSTANBUL


    Trade Registry Number

    227569-175132


    Trade Name

    GSD HOLDING A.Ş.


    Address

    Aydınevler Mah. Kaptan Rıfat Sok. No:3 34854 Küçükyalı-Maltepe/ Istanbul 


    Committed Capital Amount

    450.000.000 TL


    Amount of Capital Paid

    450.000.000 TL


    Registered Capital

    1.000.000.000 TL


    Company Registration Date

    08.10.1986


    Tax Administration

    İSTANBUL - Anadolu Kurumlar V.D. 


    Tax Number

    4110039125


    Sector

    Activities of holding Companies


    Contact Information

    Telephone: 0216 - 5879000

    Fax: 0216 - 4899795 

    posta@gsdholdig.com.tr 

    Internet Address: www.gsdholding.com.tr

    GSD GROUP COMPANY IDENTITY INFORMATION


  • 2020  KPMG Bağımsız Denetim ve S.M.M.M. A.Ş.



  • Available only in Turkish.

  • Available only in Turkish.

  • Aydınevler Mahallesi, Kaptan Rıfat Sokak No:3 

    34854 Küçükyalı, Maltepe/ İstanbul 


    Telephone: +90 (216) 587 90 00

     Fax: +90 (216) 489 97 74


    Investor Relations Department

    Mustafa Emre Yılmaz

    Investor Relations Department Manager

    eyilmaz@gsdholding.com.tr



    Nilay Tulum

    Member of Investor Relations Department

    ntulum@gsdholding.com.tr



    Sergen Yanar

    Member of Investor Relations Department

    syanar@gsdholding.com.tr

  • Available only in Turkish.

  • Available only in Turkish.

  • Mr. M. Turgut Yılmaz is the founder and controlling shareholder of GSD Holding, acompany established in 1986 and listed in 1999.  He serves as the Chairmanand Managing Director of GSD Holding since its inception. Under his leadershipthe Group was set up as the first sectoral foreign trade services company in Turkey and rapidly grew to a diversified holding company operating in banking, factoring,leasing, energy and shipping sectors.

     

    Mr. Yılmaz sought to steer the Group into new ventures by successfully divesting itssubsidiary, Tekstilbank to the world’s largest banking group, Industrial and Commercial Bank of China in 2015.   

     

    Mr. Yılmaz began his business career as a young entrepreneur after completing hiseducation in Istanbul High School in german language and the Faculty of Law in Istanbul University. Since early 70s he was engaged in manufacturing of leather, knitted or woven apparels and soon became one of the first large scale Turkish exporters to Europe.  Later on he developed his own transportation andlogistics business aiming at vertical integration in his growing export operations. Over the years he made substantial investments in several other sectors including banking, financial services, hotel management, real estate and shipping. Currently, along with his positions in the board of GSD Holding and its subsidiaries, Mr. Yılmaz is also the Chairman of MTY Delta Denizcilik, his family owned company holding various real estate and equity investment assets.  

     

    He also took an active role in social life and politics and served as the Chairman of Apparel Manufacturers Association of Turkey, Chairman of Rize Sports Club, Director of Turkish Football Association and Director of Motherland Party.

     

    Heis interested in modern and classical arts and also a registered collectioner of Seldjuki antiquities. He is a dedicated philanthropist who has constructed school buildings countrywide and donated to the Ministry of Education of Turkey. 

     

    Married with 3 children, M. Turgut Yılmaz is also a Member of the Board of Trustees of GSD Education Foundation and a member of Turkish Industry and Business Association.

  • Mr. Akgün Türer serves as the Chief Executive Officer of GSD Holding since 1999 and was also appointed Vice Chairman of the Board in 2015. Prior to joining the GSD Group as a Board Member in 1996 he took leading rolesin investment banking, asset management and private equity investment fields. Mr. Türer has over 25 years of extensive management experience mainly covering commercial banking, financial services and shipping sectors. 

     

    In his capacity as the CEO of GSD Holding he actively guided the implementation of major strategic actions changing the group’s business scope.  In recent years GSD Holding successfully managed to divest its equity stake in commercial banking by selling Tekstilbank to Industrial and Commercial Bank of China, the largest bank globally.  Before, Mr. Türer servedas Chairman of Tekstilbank between 2006 and 2015. He also led the restructuring process while the Group concurrently exited from its other core businesses of export services and financial leasing and stepped into dry bulk shipping sector to diversify its operations internationally.

     

    Presently, Mr. Türer serves as Chairman at GSD Bank and Vice Chairman at GSD Marin and GSD Factoring. He is a Member of American Bureau of Shipping, a worldwide classification society based in Houston, TX.  He is also a Member of the Board of Trustees of GSD Education Foundation.

     

    Mr. Türer graduated from Boğaziçi University with a BSc degree in Electrical and Electronics Engineering and also holds an MBA degree from Manchester Business School in the UK. He also taught venture capital courses in the Executive MBA programme of Istanbul’s Bilgi University between 1999 and 2001.

  • He graduated from Istanbul University, Faculty of Business Administration in 1980. Since 1982, Cezmi Öztürk serves as the General Manager and Director at Delta Group companies.


    Within GSD Group, he has been a Director at GSD Dış Ticaret (2008-2014) and served as a Director at Tekstil Bankası (2007-2012) and later as a Member of the Audit Committee (2012-2013).


    He still serves as a Director at GSD Holding, GSD Yatırım Bankası, GSD Denizcilik Gayrimenkul İnşaat San. ve Tic. and GSD Faktoring. From April 2013 to May 2017, he served as a Director in Cano Maritime Limited, Dodo Maritime Limited, Hako Maritime Limited, Zeyno Maritime Limited and since May 2016, he serves as a Director at Neco Maritime Limited. He has been serving as a Member of the Board of Trustees of GSD Education Foundation and a Member of the Audit Committee since May 2017.

  • İsmail Sühan Özkan graduated from Istanbul University Faculty of Law in 1974. He served as a Director in Anadolu Ajansı (1985-1987) and Turkish Airlines (1996-1999).


    Between 1999-2002, he served as a representative in TBMM and as the Vice President at Tekstil Bankası until May 2015. He has been serving in GSD Group as GSD Holding’s Member of the Board of Directors, Member of Corporate Governance Committee, Member of Nomination Committee and Remuneration Committee and also a Member of the Board of Directors and Board of Trustees at GSD Education Foundation. He continues his consultancy career at GSD Faktoring.

  • She graduated from Business Administration Department of Fairleigh Dickinson University in Teaneck-New Jersey, USA in 1982. Starting her career as an Assistant Branch Manager at Phillips Apel And Walden’de (New Jersey, ABD) in 1981, and later moved on to Aginian Private Accounting CO. (California, ABD) as Accountant (1984-1985), Arthur Andersen Muhasebe ve Müşavirlik (İstanbul) as an Auditor (1986-1991), Cargill Tarım ve Gıda San. ve Tic. (İstanbul) as Turkey District Controller (1991-2000), Karsan Otomotiv Sanayi ve Ticaret (İstanbul-Bursa) as the Assistant General Manager for Finance (2002-2004) respectively and later served as a Director and General Manager at Merkez Yayın Holding between 2004-2007.


    In GSD Group, she served as a Director in Tekstil Bankası between March 2012 to May 22nd, 2015. She has been an Independent Member of the Board of Directors in GSD Holding and GSD Denizcilik Gayrimenkul İnşaat San ve Tic. since May 2012 and Director at GSD Faktoring since June 1st, 2015. She also serves in the following roles: Chairman of the Early Detection of Risk Committee, Chairman of the Remuneration Committee, Member of the Audit Committee at GSD Holding; Chairman of the Early Detection of Risk Committee, Member of the Corporate Governance Committee, Member of the Audit Committee, Member of the Nomination Committee, and Chairman of the Remuneration Committee. 

  • He graduated from Bursa University İ.T.İ.A. in 1976 and worked as a financial manager outside GSD Group between 1976-2008.


    He served as a Director in Delta Group companies between 1995-2008. Within GSD Group, he served as a Director at GSD Denizcilik Gayrimenkul İnşaat San.ve Tic. between 2010-2012, as a Member of the Audit Committee between 2012-2013 and continues to serve as a Member of Trustees of GSD Education Foundation since 2005, and moved on to the position of Director (Accounting Member) since June 25th, 2015. He also served as a Director of GSD Yatırım Bankası (2008-2017), a Director at GSD Holding since 2010 and a Member of the Early Detection of Risk Committee since July 2nd, 2015.

  • He graduated from Ankara University, Faculty of Political Sciences, Department of Finance and Economics in 1964. He began his career in 1964 as an assistant accountant at the Ministry of Finance.


    After earning his credentials in 1967, he was appointed as an Account Specialist. During his tenure as an Account Specialist, he conducted studies on capital markets and mutual funds in England for a year. Afterwards, he served as the Vice President of the Istanbul Groupof Tax Inspectors and Vice Chairman of the Board of Tax Inspectors. In 1975-1981, he worked as Finance Manager in Altınyıldız Group and later on as a prelector at Boğaziçi University from 1981 to 1982 and moved on to Kiğılı Group as Vice Chairman and Manager. He earned the certified public accountant title after the related law came into effect and serves as the certified public accountant in the companies he partnered.

     

  • He graduated from Ankara University, Faculty of Political Sciences, Department of Finance and Economics in 1976.


    He began his career in 1977 as an account specialist at the Ministry of Finance and later served as the assistant to the provincial treasurer between 1987-1989, Assistant General Manager at GSD Dış Ticaret A.Ş between 1989-1991 and auditor in GSD Group companies between 2001-2013. Since 1991, he has been working as the certified public accountant in the firms he has shares.

  • Canan Sümer graduated from the Department of Business Administration at the University of Virginia, USA in 2007 and started working in Yapı Kredi Yatırım Menkul Değerler A.Ş. as an analyst in the Research Department. She undertook the same role in UniCredit Menkul Değerler A.Ş. between 2008-2009. Between 2009-2012, she served in Corporate Marketing division of Tekstil Bankası A.Ş. Levent Branch as specialist and assistant director respectively; and moved on to serving as a director in Corporate Marketing division of Tekstil Bankası A.Ş. Head Office. She has been serving as the Deputy General Manager of Marketing Department at GSD Faktoring A.Ş. since June 1st, 2015, and has been appointed as a Member of the Board of Directors of GSD Holding as of August 2018.

  • Our Company’s Grants and Charity Policy is determined as “Grants and charity assistance are to be provided to GSD Education Foundation and other foundations and charitable associations granted tax exemptions by the Council of Ministers, and wreaths to be sent on various occasions are to be included in the grant procedure."  The upper limit for grants and charities which can be made by the Company in a financial year is TL 125,000.00.

    2019 Grants, Charities and Social Responsibility Expenses of GSD Group

  • Remuneration Policy of the Members of the Board of Directors and Executives


    The motion of the Board of Directors of Our Company, on 12 March 2018, within the scope of the Capital Market Board’s Corporate Governance Principles, to be submitted to the information of the shareholders in Our Company’s Ordinary General Assembly Meeting for the year 2017 that “A remuneration policy is to be adopted based on the principles that the practices in connection with the remuneration of the members of the board of directors and the senior executives shall be compatible with our Company’s ethical values, internal balances, personal performances and positions within the scope of the Capital Markets Law and other related legislation and the provisions of the articles of association of our Company by considering the scope and structure of the activities and the targets of our Company and the market conditions and this remuneration policy will be re-evaluated every year by taking into account the regulations of the Capital Markets Board and other related legislation and our Company’s operations and the market conditions.” has been resolved.

  • The motion of the Board of Directors of Our Company, on 12 March 2018, within the scope of the Capital Market Board’s Corporate Governance Principles, to be submitted to the information of the shareholders in Our Company’s Ordinary General Assembly Meeting for the year 2017 that “A remuneration policy is to be adopted based on the principles that the practices in connection with the remuneration of the members of the board of directors and the senior executives shall be compatible with our Company’s ethical values, internal balances, personal performances and positions within the scope of the Capital Markets Law and other related legislation and the provisions of the articles of association of our Company by considering the scope and structure of the activities and the targets of our Company and the market conditions and this remuneration policy will be re-evaluated every year by taking into account the regulations of the Capital Markets Board and other related legislation and our Company’s operations and the market conditions.” has been resolved.

  • GSD Holding A.Ş.'s profit distribution policy is based on ''the capital plans of the Capital Markets Board for the purpose of financing the to the extent that it can be met, distribution of bonus shares from internal sources as bonus shares''. Pursuant to Article 16, Paragraph 8 of the Communiqué Serial VII-128.1 of the Capital Markets Board, without prejudice to the legal requirements for capital increase; from the applications for capital increase to be made to the Board with the request of adding the internal resources of the partnerships except for the period profit of the companies whose shares are traded on the stock exchange, to the stock market price below 2 TL as a result of the calculation to be made considering the average of the weighted average prices that occur in the stock market within thirty days before the publicization of the capital increase decision. The applications that will be caused by the Board are not processed.

  • The registered capital system allows increasing the capitalup to the registered capital ceiling with the decision of the board ofdirectors without the need for a general assembly decision. The registeredcapital ceiling can be exceeded only for once by adding all the internalresources except cash increase to the capital. Though the registered capitalceiling cannot be exceeded by cash increase.

     

    Issued capital is the capital representing sold shares ofpartnering companies with registered capital. The issued capital of GSD HoldingA.Ş. is 450 million TL.

     

    Since the 5-year permit period of the registered capitalceiling of GSD Holding A.Ş. has expired at the end of 2017, the permission fromthe CMB has to be renewed in 2017 and the main contract has been amended tocomply with the Turkish Commercial Code. The registered capital ceiling of thecompany is 1.000.000.000 TL. The registered capital ceiling permit issued bythe CMB is valid for the years 2017-2021 (5 years).

  • Pursuant to Turkish Commercial Code and CMB legislation, annual report, financial statements, dividend distribution proposal, general assembly agenda, power of attorney form and other documents related to general assembly, general assembly minutes, attendance list, profit distribution table and general assembly meeting material disclosures related to the decisions of the Bank, inin Public Disclosure Platform ”(www.kap.gov.tr), the“ e-GOVERNANCE: Corporate Governance and Investor Relations Portal un of the Central Registry information.

INVESTOR RELATIONS

  • Company Type


    Incorporated Company


    Mersis

    0411003912500017


    Trade Registry Office

    İSTANBUL


    Trade Registry Number

    227569-175132


    Trade Name

    GSD HOLDING A.Ş.


    Address

    Aydınevler Mah. Kaptan Rıfat Sok. No:3 34854 Küçükyalı-Maltepe/ Istanbul 


    Committed Capital Amount

    450.000.000 TL


    Amount of Capital Paid

    450.000.000 TL


    Registered Capital

    1.000.000.000 TL


    Company Registration Date

    08.10.1986


    Tax Administration

    İSTANBUL - Anadolu Kurumlar V.D. 


    Tax Number

    4110039125


    Sector

    Activities of holding Companies


    Contact Information

    Telephone: 0216 - 5879000

    Fax: 0216 - 4899795 

    posta@gsdholdig.com.tr 

    Internet Address: www.gsdholding.com.tr

    GSD GROUP COMPANY IDENTITY INFORMATION


  • 2020  KPMG Bağımsız Denetim ve S.M.M.M. A.Ş.



  • Available only in Turkish.

  • Available only in Turkish.

  • Aydınevler Mahallesi, Kaptan Rıfat Sokak No:3 

    34854 Küçükyalı, Maltepe/ İstanbul 


    Telephone: +90 (216) 587 90 00

     Fax: +90 (216) 489 97 74


    Investor Relations Department

    Mustafa Emre Yılmaz

    Investor Relations Department Manager

    eyilmaz@gsdholding.com.tr



    Nilay Tulum

    Member of Investor Relations Department

    ntulum@gsdholding.com.tr



    Sergen Yanar

    Member of Investor Relations Department

    syanar@gsdholding.com.tr

  • Available only in Turkish.

  • Available only in Turkish.

  • Mr. M. Turgut Yılmaz is the founder and controlling shareholder of GSD Holding, acompany established in 1986 and listed in 1999.  He serves as the Chairmanand Managing Director of GSD Holding since its inception. Under his leadershipthe Group was set up as the first sectoral foreign trade services company in Turkey and rapidly grew to a diversified holding company operating in banking, factoring,leasing, energy and shipping sectors.

     

    Mr. Yılmaz sought to steer the Group into new ventures by successfully divesting itssubsidiary, Tekstilbank to the world’s largest banking group, Industrial and Commercial Bank of China in 2015.   

     

    Mr. Yılmaz began his business career as a young entrepreneur after completing hiseducation in Istanbul High School in german language and the Faculty of Law in Istanbul University. Since early 70s he was engaged in manufacturing of leather, knitted or woven apparels and soon became one of the first large scale Turkish exporters to Europe.  Later on he developed his own transportation andlogistics business aiming at vertical integration in his growing export operations. Over the years he made substantial investments in several other sectors including banking, financial services, hotel management, real estate and shipping. Currently, along with his positions in the board of GSD Holding and its subsidiaries, Mr. Yılmaz is also the Chairman of MTY Delta Denizcilik, his family owned company holding various real estate and equity investment assets.  

     

    He also took an active role in social life and politics and served as the Chairman of Apparel Manufacturers Association of Turkey, Chairman of Rize Sports Club, Director of Turkish Football Association and Director of Motherland Party.

     

    Heis interested in modern and classical arts and also a registered collectioner of Seldjuki antiquities. He is a dedicated philanthropist who has constructed school buildings countrywide and donated to the Ministry of Education of Turkey. 

     

    Married with 3 children, M. Turgut Yılmaz is also a Member of the Board of Trustees of GSD Education Foundation and a member of Turkish Industry and Business Association.

  • Mr. Akgün Türer serves as the Chief Executive Officer of GSD Holding since 1999 and was also appointed Vice Chairman of the Board in 2015. Prior to joining the GSD Group as a Board Member in 1996 he took leading rolesin investment banking, asset management and private equity investment fields. Mr. Türer has over 25 years of extensive management experience mainly covering commercial banking, financial services and shipping sectors. 

     

    In his capacity as the CEO of GSD Holding he actively guided the implementation of major strategic actions changing the group’s business scope.  In recent years GSD Holding successfully managed to divest its equity stake in commercial banking by selling Tekstilbank to Industrial and Commercial Bank of China, the largest bank globally.  Before, Mr. Türer servedas Chairman of Tekstilbank between 2006 and 2015. He also led the restructuring process while the Group concurrently exited from its other core businesses of export services and financial leasing and stepped into dry bulk shipping sector to diversify its operations internationally.

     

    Presently, Mr. Türer serves as Chairman at GSD Bank and Vice Chairman at GSD Marin and GSD Factoring. He is a Member of American Bureau of Shipping, a worldwide classification society based in Houston, TX.  He is also a Member of the Board of Trustees of GSD Education Foundation.

     

    Mr. Türer graduated from Boğaziçi University with a BSc degree in Electrical and Electronics Engineering and also holds an MBA degree from Manchester Business School in the UK. He also taught venture capital courses in the Executive MBA programme of Istanbul’s Bilgi University between 1999 and 2001.

  • He graduated from Istanbul University, Faculty of Business Administration in 1980. Since 1982, Cezmi Öztürk serves as the General Manager and Director at Delta Group companies.


    Within GSD Group, he has been a Director at GSD Dış Ticaret (2008-2014) and served as a Director at Tekstil Bankası (2007-2012) and later as a Member of the Audit Committee (2012-2013).


    He still serves as a Director at GSD Holding, GSD Yatırım Bankası, GSD Denizcilik Gayrimenkul İnşaat San. ve Tic. and GSD Faktoring. From April 2013 to May 2017, he served as a Director in Cano Maritime Limited, Dodo Maritime Limited, Hako Maritime Limited, Zeyno Maritime Limited and since May 2016, he serves as a Director at Neco Maritime Limited. He has been serving as a Member of the Board of Trustees of GSD Education Foundation and a Member of the Audit Committee since May 2017.

  • İsmail Sühan Özkan graduated from Istanbul University Faculty of Law in 1974. He served as a Director in Anadolu Ajansı (1985-1987) and Turkish Airlines (1996-1999).


    Between 1999-2002, he served as a representative in TBMM and as the Vice President at Tekstil Bankası until May 2015. He has been serving in GSD Group as GSD Holding’s Member of the Board of Directors, Member of Corporate Governance Committee, Member of Nomination Committee and Remuneration Committee and also a Member of the Board of Directors and Board of Trustees at GSD Education Foundation. He continues his consultancy career at GSD Faktoring.

  • She graduated from Business Administration Department of Fairleigh Dickinson University in Teaneck-New Jersey, USA in 1982. Starting her career as an Assistant Branch Manager at Phillips Apel And Walden’de (New Jersey, ABD) in 1981, and later moved on to Aginian Private Accounting CO. (California, ABD) as Accountant (1984-1985), Arthur Andersen Muhasebe ve Müşavirlik (İstanbul) as an Auditor (1986-1991), Cargill Tarım ve Gıda San. ve Tic. (İstanbul) as Turkey District Controller (1991-2000), Karsan Otomotiv Sanayi ve Ticaret (İstanbul-Bursa) as the Assistant General Manager for Finance (2002-2004) respectively and later served as a Director and General Manager at Merkez Yayın Holding between 2004-2007.


    In GSD Group, she served as a Director in Tekstil Bankası between March 2012 to May 22nd, 2015. She has been an Independent Member of the Board of Directors in GSD Holding and GSD Denizcilik Gayrimenkul İnşaat San ve Tic. since May 2012 and Director at GSD Faktoring since June 1st, 2015. She also serves in the following roles: Chairman of the Early Detection of Risk Committee, Chairman of the Remuneration Committee, Member of the Audit Committee at GSD Holding; Chairman of the Early Detection of Risk Committee, Member of the Corporate Governance Committee, Member of the Audit Committee, Member of the Nomination Committee, and Chairman of the Remuneration Committee. 

  • He graduated from Bursa University İ.T.İ.A. in 1976 and worked as a financial manager outside GSD Group between 1976-2008.


    He served as a Director in Delta Group companies between 1995-2008. Within GSD Group, he served as a Director at GSD Denizcilik Gayrimenkul İnşaat San.ve Tic. between 2010-2012, as a Member of the Audit Committee between 2012-2013 and continues to serve as a Member of Trustees of GSD Education Foundation since 2005, and moved on to the position of Director (Accounting Member) since June 25th, 2015. He also served as a Director of GSD Yatırım Bankası (2008-2017), a Director at GSD Holding since 2010 and a Member of the Early Detection of Risk Committee since July 2nd, 2015.

  • He graduated from Ankara University, Faculty of Political Sciences, Department of Finance and Economics in 1964. He began his career in 1964 as an assistant accountant at the Ministry of Finance.


    After earning his credentials in 1967, he was appointed as an Account Specialist. During his tenure as an Account Specialist, he conducted studies on capital markets and mutual funds in England for a year. Afterwards, he served as the Vice President of the Istanbul Groupof Tax Inspectors and Vice Chairman of the Board of Tax Inspectors. In 1975-1981, he worked as Finance Manager in Altınyıldız Group and later on as a prelector at Boğaziçi University from 1981 to 1982 and moved on to Kiğılı Group as Vice Chairman and Manager. He earned the certified public accountant title after the related law came into effect and serves as the certified public accountant in the companies he partnered.

     

  • He graduated from Ankara University, Faculty of Political Sciences, Department of Finance and Economics in 1976.


    He began his career in 1977 as an account specialist at the Ministry of Finance and later served as the assistant to the provincial treasurer between 1987-1989, Assistant General Manager at GSD Dış Ticaret A.Ş between 1989-1991 and auditor in GSD Group companies between 2001-2013. Since 1991, he has been working as the certified public accountant in the firms he has shares.

  • Canan Sümer graduated from the Department of Business Administration at the University of Virginia, USA in 2007 and started working in Yapı Kredi Yatırım Menkul Değerler A.Ş. as an analyst in the Research Department. She undertook the same role in UniCredit Menkul Değerler A.Ş. between 2008-2009. Between 2009-2012, she served in Corporate Marketing division of Tekstil Bankası A.Ş. Levent Branch as specialist and assistant director respectively; and moved on to serving as a director in Corporate Marketing division of Tekstil Bankası A.Ş. Head Office. She has been serving as the Deputy General Manager of Marketing Department at GSD Faktoring A.Ş. since June 1st, 2015, and has been appointed as a Member of the Board of Directors of GSD Holding as of August 2018.

  • Our Company’s Grants and Charity Policy is determined as “Grants and charity assistance are to be provided to GSD Education Foundation and other foundations and charitable associations granted tax exemptions by the Council of Ministers, and wreaths to be sent on various occasions are to be included in the grant procedure."  The upper limit for grants and charities which can be made by the Company in a financial year is TL 125,000.00.

    2019 Grants, Charities and Social Responsibility Expenses of GSD Group

  • Remuneration Policy of the Members of the Board of Directors and Executives


    The motion of the Board of Directors of Our Company, on 12 March 2018, within the scope of the Capital Market Board’s Corporate Governance Principles, to be submitted to the information of the shareholders in Our Company’s Ordinary General Assembly Meeting for the year 2017 that “A remuneration policy is to be adopted based on the principles that the practices in connection with the remuneration of the members of the board of directors and the senior executives shall be compatible with our Company’s ethical values, internal balances, personal performances and positions within the scope of the Capital Markets Law and other related legislation and the provisions of the articles of association of our Company by considering the scope and structure of the activities and the targets of our Company and the market conditions and this remuneration policy will be re-evaluated every year by taking into account the regulations of the Capital Markets Board and other related legislation and our Company’s operations and the market conditions.” has been resolved.

  • The motion of the Board of Directors of Our Company, on 12 March 2018, within the scope of the Capital Market Board’s Corporate Governance Principles, to be submitted to the information of the shareholders in Our Company’s Ordinary General Assembly Meeting for the year 2017 that “A remuneration policy is to be adopted based on the principles that the practices in connection with the remuneration of the members of the board of directors and the senior executives shall be compatible with our Company’s ethical values, internal balances, personal performances and positions within the scope of the Capital Markets Law and other related legislation and the provisions of the articles of association of our Company by considering the scope and structure of the activities and the targets of our Company and the market conditions and this remuneration policy will be re-evaluated every year by taking into account the regulations of the Capital Markets Board and other related legislation and our Company’s operations and the market conditions.” has been resolved.

  • GSD Holding A.Ş.'s profit distribution policy is based on ''the capital plans of the Capital Markets Board for the purpose of financing the to the extent that it can be met, distribution of bonus shares from internal sources as bonus shares''. Pursuant to Article 16, Paragraph 8 of the Communiqué Serial VII-128.1 of the Capital Markets Board, without prejudice to the legal requirements for capital increase; from the applications for capital increase to be made to the Board with the request of adding the internal resources of the partnerships except for the period profit of the companies whose shares are traded on the stock exchange, to the stock market price below 2 TL as a result of the calculation to be made considering the average of the weighted average prices that occur in the stock market within thirty days before the publicization of the capital increase decision. The applications that will be caused by the Board are not processed.

  • The registered capital system allows increasing the capitalup to the registered capital ceiling with the decision of the board ofdirectors without the need for a general assembly decision. The registeredcapital ceiling can be exceeded only for once by adding all the internalresources except cash increase to the capital. Though the registered capitalceiling cannot be exceeded by cash increase.

     

    Issued capital is the capital representing sold shares ofpartnering companies with registered capital. The issued capital of GSD HoldingA.Ş. is 450 million TL.

     

    Since the 5-year permit period of the registered capitalceiling of GSD Holding A.Ş. has expired at the end of 2017, the permission fromthe CMB has to be renewed in 2017 and the main contract has been amended tocomply with the Turkish Commercial Code. The registered capital ceiling of thecompany is 1.000.000.000 TL. The registered capital ceiling permit issued bythe CMB is valid for the years 2017-2021 (5 years).

  • Pursuant to Turkish Commercial Code and CMB legislation, annual report, financial statements, dividend distribution proposal, general assembly agenda, power of attorney form and other documents related to general assembly, general assembly minutes, attendance list, profit distribution table and general assembly meeting material disclosures related to the decisions of the Bank, inin Public Disclosure Platform ”(www.kap.gov.tr), the“ e-GOVERNANCE: Corporate Governance and Investor Relations Portal un of the Central Registry information.

GSD Holding
Investor Relations
Investor Relations
GSD