Turkcell General Assembly Meeting approved dividends proposal
The General Assembly Meeting in Turkcell today adopted resolutions to distribute dividends for the fiscal year 2018 in line with the proposal from its board of directors. Ingrid Stenmark, Senior Vice President and Head of CEO Office; Strategy & Combined Assurance at Telia Company, remains a member of Turkcell’s board of directors.
In total, Turkcell will pay dividends of TRY 1,010 million of which Telia Company’s share will be TRY 243 million. Based on a TRY/SEK 1.69 exchange rate, Telia Company’s share corresponds to approximately SEK 410 million pre tax and estimated to SEK 389 million post tax.
The dividends will be distributed on October 31, 2019.
Ingrid Stenmark, Senior Vice President and Head of CEO Office; Strategy & Combined Assurance at Telia Company, remains a member of Turkcell’s board of directors. “We are pleased that the AGM in Turkcell went as expected and that Turkcell will distribute dividends to its shareholders,” says Ingrid Stenmark.
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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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