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KARDEMİR A.Ş. Extraordinary General Assembly date has been announced

Extraordinary General Assembly of KARDEMİR A.Ş. will be held on October 23rd. According to the announcements made, separate elections will be held in groups A, B and D. 4 Board Members will be elected from group A, 2 Board Members from group B and 1 Board Member from group D. In addition to these elections, KARDEMİR General Assembly will also include 4 Independent Board Members to be approved by the CMB.

KARDEMİR A.Ş. Extraordinary General Assembly date has been announced

While there are 240 million lots in total in Group A shares, there are 50 million lots transferred to the Wealth Fund. Group A shares also include important stakeholders such as Kardökmak A.Ş. and Karçel A.Ş. On the other hand, 120 million lots of Group A shares belong to Yolbulan and Yücel families, while Kaptan Demir Çelik Group holds 15 million lots and Azimut Portföy Group holds 16.5 million lots. It is also stated that Hayrettin Aydın, one of the leading jewelers of Karabük, owns 10 million Lot A Group shares.

Group B holds approximately 119 million lots and the Güleç Family represents the majority of this group. Group D is a group of 740 million lots of shares and is said to be shaped by various domestic and foreign funds.

Before the extraordinary elective congress of KARDEMİR A.Ş., there are also claims that the families will come together and that the CMB may take new measures and make appointments in the face of possible problems. In the second quarter of 2023, the company posted a net profit of 558 million liras, above expectations.

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