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Amount and Rate of Cash Dividend Payment
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Additional Explanations
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In line with our Company's dividend policy approved during the Ordinary General Assembly Meeting held on March 26, 2015, our Company's Board of Directors has taken the decision to submit the proposal on the distribution of our Company's dividend in a gross amount of TRY 1,010,000,000 which corresponds to approximately 50% of Company's net distributable profit for the fiscal year 2018 and equivalent of a gross dividend of TRY 0.4590909 (net TRY 0.3902273) per ordinary share with a nominal value of TRY 1 to the shareholders within the scope of the principles set forth in the legislation and in four equal installments as of June 18, 2019, August 5, 2019, October 21, 2019 and December 17, 2019, to the discussion and approval of the Ordinary General Assembly of Shareholders for fiscal year 2018, according to the dividend distribution table, which has been prepared for the related fiscal year.
Herewith enclosed are the details of the dividend distribution proposal decision taken, the dividend distribution table and dividend per share.
Note: The gross cash dividend per ordinary share with a nominal value of TRY 1 in each installment will exactly be TRY 0.1147727 (net TRY 0.0975568). However, this cannot be stated as such in the above tables which are part of Public Disclosure Platform disclosure due to technical reasons. In total the gross cash dividend per ordinary share with a nominal value of TRY 1 is TRY 0.4590909 (net TRY 0.3902273).
Notice: Please note that the payment of the dividend described above is contingent upon our AGM being duly convened and on obtaining a favorable vote from our shareholders at such meeting.
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DIVIDEND DISTRIBUTION TABLE
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TURKCELL İLETİŞİM HİZMETLERİ A.Ş. 01.01.2018/31.12.2018 Period Dividend Payment Table (TL)
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Dividend Rates Table
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Dividend Payment Table Explanation
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(*) TRY 921.064.152 which is the remaining of the 2018 year's distributable profit after the cash dividend distribution made, shall be regarded as previous year's profit in CMB records, (**) Pertaining to the period between January 1, 2018 and December 31, 2018, our Company's profit calculated according to the consolidated financial statements, which were audited independently in accordance with the "Communiqué Regarding the Financial Reporting in Capital Markets" the total amount of TRY 1.010.000.000, which shall be distributed in cash from statutory previous year's profit, (***) Dividend regarding to buy-back shares are recorded in free reserves at statutory accounts. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.