Dividend Distribution Proposal
- As a result of activities in 2011, a net profit of TL 2,667,487,353.25 was made. TL 86,134,484.00 of the net profit figure is the income from sale of participations and real estates. As per the resolution of the Board of Directors, this amount is booked to a special account under liabilities and is to be used for capital increase when necessary, in order to benefit from the exemption clauses of the fifth article of Corporate Tax Law no. 5520. It is proposed that the amount of TL 86,134,484.00, which is not subject to dividend distribution, be transferred to related reserves.
- It is proposed that the distributable balance amount of TL 2,581,352,869.25 to be distributed in accordance with the relevant legislation and article 58 of the Articles of Incorporation of Türkiye İş Bankası A.Ş. as detailed below, including the allocation of TL 393,279,439.27 to type one extraordinary reserves as increased within the framework of the provisions of the Banking Law and the Turkish Commercial Code from the amount to be allocated to type one extraordinary reserves, which is 10% of the balance amount of TL 2,581,352,869.25.
|
TL |
|
|---|---|---|
NET PERIOD PROFIT |
|
2,667,487,353.25 |
NON-DISTRIBUTABLE PROFIT |
|
86,134,484.00 |
DISTRIBUTABLE PROFIT |
|
2,581,352,869.25 |
|
|
|
I. FIRST DIVIDEND |
|
|
(Articles of Incorporation Art. 58/a-b) |
|
|
- For Legal Reserves 5% |
129,067,643.46 |
|
- Type One Extraordinary Reserve |
1,732,842,102.86 |
|
- First Dividend |
|
|
To Group A Shares |
60.00 |
|
To Group B Shares |
1,740.00 |
|
To Group C Shares |
269,998,200.00 |
2,131,909,746.32 |
|
|
449,443,122.93 |
II. SECOND DIVIDEND |
|
|
(Articles of Incorporation Art.58/c-d-e) |
|
|
- To Founders’ Shares |
2,496.91 |
|
- 2.5‰ to the Board Members and the CEO in Equal Amounts |
1,123,607.81 |
|
- 20% to Bank Employees |
89,888,624.58 |
|
- 10% to Legal Reserves |
40,863,528.24 |
|
- 10% to Type Two Extraordinary Reserves |
44,944,312.30 |
|
- Second Dividend |
|
|
To Group A Shares |
145.40 |
|
To Group B Shares |
2,108.26 |
|
To Group C Shares |
272,618,299.43 |
449,443,122.93 |
In case the said proposal is approved by the Bank’s General Assembly, dividend will be distributed to the Bank’s shareholders starting from 02/04/2012 and gross dividend will be distributed as follows to each group of shares with a nominal value of TL 1.
Share Group |
Gross (TL) |
|---|---|
For each Group A share with a nominal value of TL 1 |
0.2053974 |
For each Group B share with a nominal value of TL 1 |
0.1326987 |
For each Group C share with a nominal value of TL 1 |
0.1205822 |
For each of the founders’ shares |
1.0158284 |