Hepsiburada Announces Changes to its Board of Directors
24 Januar 2024 - 2:00PM
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”), today announced a change
to the composition of its Board of Directors.
Effective January 15, 2024, Mr. Murat Emirdağ, a
former member of the Company’s Board of Directors, resigned from
his position and Mr. Ahmet Toksoy was appointed as a member of the
Board of Directors to replace Mr. Murat Emirdağ. The appointment of
Mr. Ahmet Toksoy has been registered with the trade registry on
January 23, 2024 and it will be submitted for approval at the
Company’s next general assembly meeting of shareholders.
Mr. Toksoy worked for the Ministry of Finance of
the Republic of Türkiye from 1984 to 1989. Later, Mr. Toksoy became
a member of the Inspection Board of Hürriyet Holding, served at
Hürriyet Newspaper as the Assistant Financial Affairs Manager from
1990 to 1991, and as Financial Affairs Manager from 1991 to 1995.
Mr. Toksoy practiced as a Certified Public Accountant at Aktif
Denetim Certified Public Accountant Company from 1995 to 1998. Mr.
Toksoy held the position of Head of Financial Affairs of Hürriyet
Newspaper from 1998 to early 2010s, and over the years, took on
various positions at Doğan Group such as the Head of Audit and Risk
Management of Doğan Holding, the Chairman of the Board of Directors
of Hürriyet Newspaper, and member of the Board of Directors of
various affiliate companies of Doğan Group. Mr. Toksoy is still a
member of the Board of Directors of Doğan Holding. Mr. Toksoy holds
a Bachelor’s degree in Finance from İstanbul University.
Forward-Looking StatementsThis
press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended and
the Safe Harbor provisions of the US Private Securities Litigation
Reform Act of 1995, and encompasses all statements, other than
statements of historical fact contained in this press release, and
include but are not limited to statements regarding changes to
Hepsiburada’s Board of Directors. These forward-looking statements
can be identified by terminology such as “may,” “could,” “will,”
“expects,” “anticipates,” “aims,” “future,” “intends,” “plans,”
“believes,” “estimates,” “targets,” “likely to” and similar
statements.
These forward-looking statements are based on
management’s current expectations. However, it is not possible for
our management to predict all risks, nor can we assess the impact
of all factors on our business or the extent to which any factor,
or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. These statements are neither promises nor guarantees
but involve known and unknown risks, uncertainties and other
important factors and circumstances that may cause Hepsiburada’s
actual results, performance or achievements to be materially
different from its expectations expressed or implied by the
forward-looking statements, including conditions in the U.S.
capital markets, negative global economic conditions, potential
negative developments resulting from epidemics or natural
disasters, other negative developments in Hepsiburada’s business or
unfavorable legislative or regulatory developments. We caution you
therefore against relying on these forward-looking statements, and
we qualify all of our forward-looking statements by these
cautionary statements. For a discussion of additional factors that
may affect the outcome of such forward-looking statements, see our
2022 annual report filed with the SEC on Form 20-F on May 1, 2023
(Commission File Number: 001-40553), and in particular the “Risk
Factors” section, as well as the other documents filed with or
furnished to the SEC by Hepsiburada from time to time. Copies of
these filings are available online from the SEC at www.sec.gov, or
on the SEC Filings section of our Investor Relations website at
https://investors.hepsiburada.com. These and other important
factors could cause actual results to differ materially from those
indicated by the forward-looking statements made in this press
release. Any such forward-looking statements represent management’s
estimates as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Hepsiburada’s views as of any date subsequent to the
date of this press release. All forward-looking statements in this
press release are based on information currently available to
Hepsiburada, and Hepsiburada and its authorized representatives
assume no obligation to update these forward-looking statements in
light of new information or future events. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
About Hepsiburada
Hepsiburada is a leading e-commerce technology
platform in Türkiye, connecting over 61 million members with
approximately 211 million stock keeping units across over 30
product categories. Hepsiburada provides goods and services through
its hybrid model combining first-party direct sales (1P model) and
a third-party marketplace (3P model) with over 101 thousand
merchants.
With its vision of leading the digitalization of
commerce, Hepsiburada acts as a reliable, innovative and
purpose-led companion in consumers’ daily lives. Hepsiburada’s
e-commerce platform provides a broad ecosystem of capabilities for
merchants and consumers including: last-mile delivery and
fulfilment services, advertising services, on-demand grocery
delivery services, and payment solutions offered through Hepsipay,
Hepsiburada’s payment companion and BNPL solutions provider.
HepsiGlobal offers a selection from international merchants through
its inbound arm while outbound operations aim to enable merchants
in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been
purpose-led, leveraging its digital capabilities to develop the
role of women in the Turkish economy. Hepsiburada started the
‘Technology Empowerment for Women Entrepreneurs’ program in 2017,
which has supported over 47.5 thousand female entrepreneurs
throughout Türkiye to reach millions of customers with their
products.
Investor Relations
Contactir@hepsiburada.com
Media
Contactcorporatecommunications@hepsiburada.com
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