Turkcell General Assembly Meeting approved dividends proposal
The General Assembly Meeting in Turkcell today adopted resolutions to distribute dividends for the fiscal years 2010 to 2014 in line with the proposal from Turkcell Holding.
In total, Turkcell will pay dividends of TRY 3,925 million of which TeliaSonera’s share will be TRY 1,492 million. Based on a TRY/SEK 3.30 exchange rate, TeliaSonera’s share corresponds to approximately SEK 4.9 billion pre tax and estimated to SEK 4.5 billion post tax.
”The holding of an General Assembly Meeting and decision on distribution of dividends are important steps in achieving ordinary corporate governance of Turkcell. We will continue the positive dialogue with all relevant stakeholders and continue our efforts to achieve what we believe is best for Turkcell and all its shareholders”, says Johan Dennelind, President and CEO of TeliaSonera.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 5.40 p.m. CET on March 26,2015.
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 TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also a leading wholesale provider who owns and operate one of the world’s most extensive fiber backbones. In 2013, net sales amounted to SEK 101.7 billion, EBITDA to SEK 35.6 billion and earnings per share to SEK 3.46. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.