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Stock impact report

Hepsiburada Announces the Closing of the Change of Control Transaction between Joint Stock Company Kaspi.kz and the Founder of Hepsiburada and Other Affiliates

D-Market Electronic Services & Trading - American Depositary Shares (HEPS) 
Company Research Source: GlobeNewswire
ISTANBUL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), announces the closing (the “Closing”), on January 29, 2025 (the “Closing Date”), of the previously disclosed transaction between Joint Stock Company Kaspi.kz, a joint stock company incorporated under the laws of Kazakhstan (the “Buyer”), and Hanzade Vasfiye Dogan Boyner, Hepsiburada’s founder, Vuslat Dogan Sabanci, Yasar Begümhan Dogan Faralyali, Arzuhan Dogan Yalçindag and Isil Dogan (collectively, the “Sellers”), pursuant to the Stock Purchase Agreement (the “Agreement”) entered into on October 17, 2024 by and among the Buyer and the Sellers. In accordance with the terms of the Agreement, the Buyer has purchased from the Sellers all of the outstanding Class A shares and Class B shares of the Company held by the Sellers (the “Shares”), representing 65.41% of the total outstanding shares of Hepsiburada. The Buyer purchased the Shares for a total considerati Show less Read more
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