Communique Requiring Amendments to the Communique on Dividend Advance Distribution.

Articles related to the Communique Requiring Amendments to the Communique on Dividend Advance Distribution (The Communique) have been published in the Official Gazette dated 01.09.2018 no.30522 to be effective from the date of publication.      

The Communique contains amendments to the Communique on Dividend Advance Distribution published in the Official Gazette dated 09.08.2012 no.28379 as briefly indicated below:

-the wording of “with the overall legal reserves” existing in the sub-clauses (1) and (2) of the clause (b) within the 1^st paragraph of Article 6 arranging the content of the decision to be taken by the General Assembly of the company has been repealed.

-the wording of “if any, holders of privileged shares, holders of redeemed shares and profit participator” existing in the 1^st paragraph of Article 7 arranging the amount and calculation of dividend advance to be distributed is amended as “if any, holders of redeemed shares and the ones with the right for participating to the profit other than the shareholders in the contract”.

-the wording of “to the shareholders in proportion with their shares as of the distribution date“ within the Article 8 arranging dividend advance payments  is amended as “if there is no provision contrary to the contract, through considering the provisions in the 2^nd paragraph to be in proportion with the payments by the shareholder to the company for the capital share as of distribution dates” while the wording of “to non-shareholding management members and profit participators other than the shareholders” is amended as “to management members except for the dividend advance to be distributed due to their partnership and the ones with the right for participating to the profit other than the shareholders in the contract”.

-The table within the attachment of the Communique for the calculation of dividend advance amount has been changed.