2024

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• 1st Coupon Payment of the Bill with TRFISGY62511 ISIN code (12.09.2024)

  The 1st coupon payment was made for the bill with a nominal value of TL 400,000,000, 364 days maturity, quarterly coupon payments and TRFISGY62511 ISIN code.

• The 1st Coupon Ratio of TRFISGY62511 ISIN Coded Bill (11.09.2024)

  The 1st coupon payment will be made on 12.09.2024 for the bill with a nominal value of TL 400,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY62511, which was sold on 13.06.2024. The interest rate for the 1st coupon payment determined as 13.6845%.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY82519 (20.08.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 150,000,000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 20.08.2024 and maturity date 19 August 2025. The interest rate is set at TLREF + %1.

• 1st Coupon Payment of the Bill with TRFISGY52512 ISIN code (16.08.2024)

  The 1st coupon payment was made for the bill with a nominal value of TL 200,000,000, 364 days maturity, quarterly coupon payments and TRFISGY52512 ISIN code.

• 3rd Coupon Payment of Corporate Bond TRSISGY82512 (16.08.2024)

  3rd Coupon Payment of Corporate Bond TRSISGY82512 has been made

• The 1st Coupon Ratio of TRFISGY52512 ISIN Coded Bill (16.08.2024)

  The 1st coupon payment will be made today for the bill with a nominal value of TL 200,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY52512, which was sold on 16.05.2024. The interest rate for the 1st coupon payment determined as 13.7640%.

• 2nd Coupon Payment of Corporate Bond TRSISGY12519 (26.07.2024)

  2nd coupon payment of Corporate Bond TRSISGY12519 has been made.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY42513 (16.07.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 350.000.000 TL a maturity of 269 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 16.07.2024 and the interest rate is set at TLREF + %1.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY72510 (11.07.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 500.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 11.07.2024 and the interest rate is set at TLREF + %1.

• Principal and Coupon Payment of Corporate Bill TRFISGY62412 (14.06.2024)

  Coupon and redemption payments were made for the financing bill with a nominal value of 200,000,000 TL, a maturity of 119 days, coupon payment at the end of maturity, and ISIN code TRFISGY62412.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY52512 (17.05.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 200.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 17.05.2024 and the interest rate is set at TLREF + %1,5.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY62511 (13.06.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 400.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 13.06.2024 and the interest rate is set at TLREF + %1.

• 2nd Coupon Payment of Corporate Bond TRSISGY82512 (20.05.2024)

  2nd Coupon Payment of Corporate Bond TRSISGY82512 has been made.

• 1st Coupon Payment of Corporate Bond TRSISGYK2519 (13.05.2024)

  1st Coupon Payment of Corporate Bond TRSISGYK2519 has been made.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGYE2413 (05.04.2024))

  Our company has completed the issuance of the corporate bill with a nominal value of 200,000,000 TL a maturity of 179 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 05.04.2024 and the coupon interest rate is set at %29,4247

• Committees of the Board of Directors (28.03.2024)

  In accordance with the Corporate Governance Communiqué of the Capital Markets Board No. II-17.1, in order to work within the framework of the working principles of the Company's Board of Directors Committees, it was decided;

  • to elect Mr. İlkay Arıkan as the Chairman of the "Corporate Governance Committee" whereas Ms. Vahide Uyar, Mr. Murat Doğan and Ms. Ayşegül Şahin Kocameşe (Assistant General Manager responsible for Investor Relations & Sustainability) as the committee members,
  • not to establish Nominating Committee and Remuneration Committee since the functions of these committees will be performed by the Corporate Governance Committee,
  • to elect Mr. Mehmet Gökpınar as the Chairman of the "Committee for Early Recognition of Risk" whereas Ms. Vahide Uyar and Mr. Murat Doğan as the committee members,
  • to elect Prof. Oğuz Cem Çelik as the Chairman of the "Committee for Audit" and Mr. İlkay Arıkan as the committee member.

• Results of 2023 General Assembly Meeting (26.03.2024)

  Ordinary General Assembly Meeting regarding 2023,was held on 26 March, 2024, at 10:00, in İş Sanat Kültür Merkezi İş Kuleleri Levent–Beşiktaş/İstanbul. In the general assembly meeting;

  • The financial statements of the year 2023 were approved.
  • The appointment to the Board of Directors Membership in 2023 was approved.
  • The Board Members were discharged for their activities in 2023.
  • Board of Directors' proposal concerning the distribution of 2023 operating profits was approved exactly as it was. The proposal suggests not distributing dividends aiming to optimize the cash flows since the Company is in investment period.
  • Amendments to articles 3, 5, 6, 7, 9, 14 and 31 of the Company's Articles of Association were approved.
  • The number of board members was determined as 9 in total and Mr. Can Yücel, Mr. Murat Karluk Çetinkaya, Mr. Özcal Korkmaz, Mr. Ömer Barlas Ülkü, Ms. Vahide Uyar, Mr. Murat Doğan, Mr. Prof. Oğuz Cem Çelik, Mr. İlkay Arıkan and Mr. Mehmet Gökpınar were elected as board members for 1 year period.
  • Remuneration of the Board members was determined as TL 90.750 per month.
  • PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. was selected as independent auditor for the financial year of 2024.
  • The Board Members were authorized for carrying out the transactions provided under the Articles 395 and 396 of the Turkish Commercial Code.
  • The shareholders were informed about the donations made in 2023 and the limit for the donations to be made in 2024 was determined as TL 1.402.500.
  • The shareholders were informed in accordance with the principles 1.3.6. of the Corporate Governance Principles and Article 37 of the Capital Markets Board's Communiqué No. III.48.1

• General Assembly's Resolution Regarding the Distribution of the 2023 Profit (26.03.2024)

  At our Company's Ordinary General Assembly Meeting for the year 2023 held on 26.03.2024, it was decided to;

  • not distributing dividends aiming to optimize the cash flows since the Company is in investment period and
  • transferring the remaining amounts from the profits prepared according to the Tax Procedure Law and the CMB regulations to extraordinary reserves and retained earnings respectively, after the allocation of the primary legal reserve pursuant to the regulation from the profits prepared according to the Tax Procedure Law and the CMB regulations approved by the General Assembly.

• Approval of the Independent Audit Institution (26.03.2024)

  At the Ordinary General Assembly meeting held on March 26, 2024, it was resolved to appoint PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as the independent audit institution for the fiscal year 2024.

• Approval of the Change in Articles of Association in General Assembly (26.03.2024)

  The amendments to articles 3, 5, 6, 7, 9, 14 and 31 of the Company's Articles of Association were approved in the Ordinary General Assembly Meeting that was held on 26 March, 2024.

• Delegation of Authority in Board of Directors (26.03.2024)

  At the meeting of Board of Directors held on March 26, 2024; Mr. Can Yücel was elected as the Chairman of the Board of Directors and Mr. Murat Karluk Çetinkaya was elected as the Deputy Chairman of the Board of Directors.

• About Lease Certificate Issuance and Authorizations (25.03.2024)

  At the meeting of Board of Directors which was held on March 25, 2024, it was decided to authorize Levent Varlık Kiralama Anonim Şirketi as "Issuer Asset Leasing Company" and İş Yatırım Menkul Değerler A.Ş. as intermediary and financial consultant in issuing transactions within the scope of issuing Sukuk based on management contract worth up to TL 5 billion tobe sold within 1 year from CMB approval of the issuance document and to authorize the General Directorate for the execution of the related transactions. The issued instruments will besold through private placement to qualified investors in domestic market without being offered to the public.

• Approval of the Ministry of Commerce for Amendment of the Articles of Association (22.03.2024)

  The amendment text prepared for the amendment of articles numbered 3, 5, 6, 7, 9, 14 and 31 of our Company's Articles of Association, was approved by the Ministry of Commerce letter dated 20.03.2024 and numbered E-50035491-431.02-00095132858. The amended articles of the Company's Articles of Association will be submitted to the approval of the shareholders at the Ordinary General Assembly meeting dated 26.03.2024.

• Making an Application to the Capital Markets Board for the Issuance of Debt Instruments (06.03.2024)

  It was unanimously decided to authorize the Head Office regarding the issuance of debt instruments worth up to TL 8,000,000,000 TL with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public. Within this resolution scope, necessary approval application has been made to the Capital Markets Board today.

• Regarding Independent Board Members Candidates (12.03.2024)

  The list of independent board of directors candidates to be submitted for approval at our company's Ordinary General Assembly meeting to be held on 26.03.2024 consists of Prof. Oğuz Cem Çelik, Mr. İlkay Arıkan and Mr. Mehmet Gökpınar. An application was made to the Capital Markets Board for independent Board Member candidates in accordance with principle number 4.3.7 of the Corporate Governance Communiqué, and the Board did not express a negative opinion about our independent board member candidates in its letter dated 12.03.2024 and numbered E-12233903-110.07.07-51043. The résumés and independence statements of the Independent Board Member candidates are included in the annex of our statement.

• CMB Approval for the Amendment to the Articles of Association (12.03.2024)

  The attached amendment text prepared for the amendment of articles numbered 3, 5, 6, 7, 9, 14 and 31 of our Company's Articles of Association, was approved by the Capital Markets Board's letter dated 11.03.2024 and numbered E-12233903-340.17-51008. The amended articles of the Company's Articles of Association will be submitted to the approval of the shareholders at the Ordinary General Assembly meeting dated 26.03.2024, following the approval of the Ministry of Commerce.

• Authorization of the General Directorate for the Issuance of Debt Instruments (04.03.2024)

  It was unanimously decided to authorize the Head Office regarding the issuance of debt instruments worth up to TL 8,000,000,000 TL with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public.

• Call for Ordinary General Assembly Meeting & BoD’s Dividend Distribution Proposal (04.03.2024)

  ISGYO’s Ordinary General Assembly Meeting for the accounting period 2023 will be held at the address of İş Sanat Kültür Merkezi İş Kuleleri Levent-Beşiktaş/Istanbul at 10:00 on Wednesday, 26 March 2024.
  

  • The Board of Directors’ Dividend Distribution Proposal, prepared in accordance with the CMB Regulations, Company’s Profit Distribution Policy and Company’s Articles of Association, that suggests;
  • not distributing dividends aiming to optimize the cash flows since the Company is in investment period and
  • transferring the remaining amounts from the profits prepared according to the Tax Procedure Law and the CMB regulations to extraordinary reserves and retained earnings respectively, after the allocation of the primary legal reserve pursuant to the regulation from the profits prepared according to the Tax Procedure Law and the CMB regulations will be submitted to the approval of the General Assembly.

• 1st Coupon Payment of Corporate Bond TRSISGY82512 (20.02.2024)

  1st coupon payment of Corporate Bond TRSISGY82512 has been made.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY62412 (16.02.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 200,000,000 TL a maturity of 119 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 16.02.2024 and the coupon interest rate is set at 15,3233%.

• As İş REIC, we signed The Women’s Empowerment Principles (WEPs) established by UN Women and UN Global Compact (01.02.2024)

  
  
  

  “At İş REIC, we believe in the importance of women's place in economic life and we support women's empowerment. We aim to improve the participation of women in work life and additionally we provide women with equal access to senior management and participation in decision-making processes. By signing the Women’s Empowerment Principles, we demonstrate all our stakeholders that we are committed to pursue gender equality in all of our operations and contribute to increasing gender equality practices and awareness.”

  Ömer Barlas Ülkü

  Chief Executive Officer

• Statement made within the scope of Article 37 (37/2) of the Communiqué on Principles on Real Estate Investment Trusts (31.01.2024)

  This is the statement made in accordance with Article 37/2 of the Capital Markets Board's Communiqué on Principles Concerning Real Estate Investment Trusts.

  By the end of 2023, comparing the annual appraisal rental income corresponding to the average occupancy on an annual basis, the rental income of Ege Perla Shopping Center in our portfolio, has been realized below the appraisal rent due to the failure to reach the predicted turnover levels. The rental appraisal fee of Ege Perla Shopping Center for 2023 is TL 22.3 million, excluding VAT and the rental income obtained from the asset for 2023 is TL 19.8 million, excluding VAT. In addition, the rental income of Paşabahçe store in Ege Perla Shopping Center, which was rented to a related party through a turnover based rental agreement, has been realized below the appraisal rental value.

  The relevant issue will be included in the agenda of the first general assembly meeting and shareholders will be informed.

• Selection of The Real Estate Appraisal Companies (31.01.2024)

  At the meeting of our Board of Directors held on January 31, 2024, in accordance with Article 35 titled Selection of the real estate appraisal company of the Capital Markets Board's Communiqué on the Principles of Real Estate Investment Trusts numbered (III–48.1) it was decided;

  • To receive valuation services from Reel Gayrimenkul Değerleme A.Ş., Net Kurumsal Gayrimenkul Değerleme ve Danışmanlık A.Ş, Vera Gayrimenkul Değerleme ve Danışmanlık A.Ş., Bilgi Gayrimenkul Değerleme A.Ş., Nova Taşınmaz Değerleme ve Danışmanlık A.Ş. and Terra Gayrimenkul Değerleme ve Danışmanlık A.Ş., for the real estate in our portfolio, as determined in the attached list.
  • To obtain valuation services from Reel Gayrimenkul Değerleme A.Ş or Nova Taşınmaz Değerleme ve Danışmanlık A.Ş for assets that can be included in the portfolio and require evaluation in 2024.

• 1st Coupon Payment of Corporate Bond TRSISGY12519 (29.01.2024)

  1st coupon payment of Corporate Bond TRSISGY12519 has been made.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY72411 (24.01.2024)

  Our company has completed the issuance of the corporate bill with a nominal value of 450.000.000 TL a maturity of 175 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 24.01.2024 and the coupon interest rate is set at 21,5753%.

• Announcement made within the scope of Article 40 (40/3/ç) of the Regulation on Principles Regarding Real Estate Investment Trusts (12.01.2024)

  In accordance with the Article 40 (40/3/ç) of the Capital Markets Board's Communiqué on Principles of Real Estate Investment Companies, within the framework of the collective disclosure of purchases, sales or leasing transactions not exceeding 2% of the total assets contained in our last publicly disclosed financial statements; in 2023 our Company carried out sales transactions amounting to approximately TL 951.4 million + VAT from the units sales in our real estate projects. Also, regarding the real estate portfolio, the amount of rental transactions realized in 2023, including renewed contracts, is approximately TL 236.3 million + VAT.

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