Turkcell General Assembly meeting approved dividends proposal – shareholders in Turkcell Holding represented on Turkcell’s board
The General Assembly Meeting in Turkcell today adopted resolutions to distribute dividends for the fiscal year 2017 in line with the proposal from Turkcell Holding. Three directors nominated by Turkcell Holding were elected as new members of the board of directors, among these Ingrid Stenmark, Senior Vice President and Head of CEO Office; Strategy & Combined Assurance at Telia Company.
In total, Turkcell will pay dividends of TRY 1,900 million of which Telia Company’s share will be TRY 456 million. Based on a TRY/SEK 2.06 exchange rate, Telia Company’s share corresponds to approximately SEK 939 million pre-tax and estimated to SEK 892 million post tax.
The dividends will be distributed in three equal installment payments on or before June 27, 2018, September 24, 2018, and December 24, 2018.
The General Assembly also elected new members of the board, among them Ingrid Stenmark, Senior Vice President and Head of CEO Office; Strategy & Combined Assurance at Telia Company. “We are pleased that that the AGM in Turkcell went as expected and that dividend is paid out to shareholders,” says Ingrid Stenmark. “Having shareholder representation on Turkcell’s board is a step towards restoring ordinary corporate governance.”
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Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Telia Company.
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