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RSS Feeds03 July 2020 dated Regulatory Disclosure - Board of Directors` Resolution for Profit Distribution
(WorldNews Turkey)

 
 

3 july 2020 09:50:52

 
03 July 2020 dated Regulatory Disclosure - Board of Directors` Resolution for Profit Distribution
(WorldNews Turkey)
 


The Board of Directors of Türk Telekomünikasyon A.Ş. (the "Company") has resolved on the following, pursuant to Article 390/4 of the Turkish Commercial Code, to be decided on our Company`s Ordinary General Assembly Meeting pertaining to the fiscal year 2019, that; It was provided pursuant to Temporary Article 13 added to the Turkish Commercial Code No: 6102 with the Law No: 7244 published in the Official Gazette dated 17.04.2020 and numbered 31102 that, the capital companies are allowed to decide to distribute maximum twenty-five percent of their 2019 net profits and the profits of previous year and legal reserves cannot be subject to distribution. Accordingly, the proposal with...


 
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