D-Market Electronic Services & Trading
An online marketplace based in Turkey that connects millions of shoppers with merchants selling electronics, home goods, fashion and more, often nicknamed the "Amazon of Turkey." Founded in 2000 by Hanzade Doğan, who bought a small online computer shop called Infoshop and rebranded it, its Turkish name "Hepsiburada" literally means "everything is here." In 2021 it became the first Turkish company ever listed on the Nasdaq Stock Exchange.
American Depositary Shares (sponsored ADRs)
The purpose of the Reporting Person's transactions in the Issuer's securities, including the transaction reported in this Amendment No. 8, is to have a substantial controlling interest in the Issuer and to increase that interest if and when appropriate. The Reporting Person re-examines its investment in the Issuer on a continuing basis. Any actions the Reporting Person might undertake with respect to its investment may be made at any time and from time to time and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the price levels of the Issuer's securities; general market, industry and economic conditions; and other factors and future developments. The Reporting Person considers regularly and may explore and/or develop plans and/or formulate proposals with respect to its investment in the Issuer and propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| VR Advisory Services Ltd | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| VR Global Partners, L.P. | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| VR CAPITAL PARTICIPATION LTD. | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| VR CAPITAL GROUP LTD. | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| VR CAPITAL HOLDINGS LTD. | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| Richard Deitz | 13GPassive | 5.2% | 18.41M | Jun 18, 2026 |
| Joint Stock Company Kaspi.kz | 13D/AActivist | 86.74% | 309.87M | Jun 10, 2026 |
The purpose of the Reporting Person's transactions in the Issuer's securities, including the transaction reported in this Amendment No. 8, is to have a substantial controlling interest in the Issuer and to increase that interest if and when appropriate. The Reporting Person re-examines its investment in the Issuer on a continuing basis. Any actions the Reporting Person might undertake with respect to its investment may be made at any time and from time to time and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the price levels of the Issuer's securities; general market, industry and economic conditions; and other factors and future developments. The Reporting Person considers regularly and may explore and/or develop plans and/or formulate proposals with respect to its investment in the Issuer and propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D. | ||||
| TURKCOMMERCE B.V. | 13G/APassive | 0% | 0 | Feb 25, 2026 |
| TEMPLETON TURKEY FUND GP LTD | 13G/APassive | 0% | 0 | Feb 25, 2026 |
| TEMPLETON ASSET MANAGEMENT LTD. | 13G/APassive | 0% | 0 | Feb 25, 2026 |