ADVFN - Advanced Financial Network.
HOME» NYSE » T » TKC Stock Price » TKC Stock News

Turkcell Ilet Share News

 Turkcell Iletisim Hizmetleri As Stock Price
TKC Stock Price
 Turkcell Iletisim Hizmetleri As Stock Chart
TKC Stock Chart
 Turkcell Iletisim Hizmetleri As Stock News
TKC Stock News
 Turkcell Iletisim Hizmetleri As Company Information
TKC Company Information
 Turkcell Iletisim Hizmetleri As Stock Trades
TKC Stock Trades

TeliaSonera Regrets Postponement of Turkcell AGM, Supports Dividend

By Dominic Chopping STOCKHOLM--Swedish telecom operator TeliaSonera AB (TLSN.SK) said Friday it regrets the postponement of the Turkcell AGM and provides its full support to distributing dividends for both 2010 and 2011 to the shareholders, as well as adding more independent members to the Board of Directors. MAIN FACTS: -Cecilia Edstrom, Senior Vice President and Head of Group Communications, says: "The decision to distribute dividends for 2010 is long overdue and we regret that shareholders have to continue waiting for their rightful dividend payments." -"The reason for the delay is that a shareholders' meeting has not been successfully completed since 2010, as one of the main shareholders, Cukurova, are blocking important decisions." -The Turkcell shareholders' meeting failed to convene today, as there was no quorum. This is due to the fact that Cukurova and Altimo have failed to agree on a number of important issues. -As shareholders in Cukurova Telecom Holding, Altimo and Cukurova are bound by a shareholders' agreement that prevents each party from voting on matters of importance to Turkcell, unless both parties agree. -Cukurova and Altimo together represent a majority of the votes in Turkcell Holdings, which represent 51% of the votes in Turkcell, and as they could not agree there was no quorum at the Turkcell AGM. -"We regret these developments and believe that increasing the number of independent Board members to four out of ten members would significantly improve corporate governance in Turkcell, fully in line with CMB's requirements." -"However, this has been consistently rejected by Cukurova, as it would undermine their blocking position." -"By increasing the number of independent board members to four out of ten and applying a simple majority, Cukurova acting alone would no longer be able to block majority decisions at the Board. This is clearly not in their interest, but it is good corporate governance". -At 0952 GMT shares traded 0.6% higher at SEK43.37. -Write to Dominic Chopping at dominic.chopping@dowjones.com

Stock News for Turkcell Ilet (TKC)
DateTimeHeadline
08/27/201515:05:16Report of Foreign Issuer (6-k)
08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/26/201515:40:22Report of Foreign Issuer (6-k)
08/26/201510:21:44Report of Foreign Issuer (6-k)
08/26/201510:17:33Report of Foreign Issuer (6-k)
08/26/201510:11:28Report of Foreign Issuer (6-k)
08/26/201509:29:06Report of Foreign Issuer (6-k)
08/26/201506:02:00Turkcell Mulls Share Buyback, Will Study Borrowing Options
08/11/201514:05:15Report of Foreign Issuer (6-k)
07/31/201516:33:48Report of Foreign Issuer (6-k)
07/30/201512:27:36Turkcell Posts Surge in Second-Quarter Net Profit
07/30/201510:54:00Turkcell Iletisim Hizmetleri Second Quarter 2015 Results
07/10/201512:14:51Report of Foreign Issuer (6-k)
07/07/201506:04:00Turkcell and Turkey’s ASELSAN Join Forces for 5G R&D
06/30/201510:40:07Report of Foreign Issuer (6-k)
06/29/201512:13:00Report of Foreign Issuer (6-k)
06/29/201510:15:57Report of Foreign Issuer (6-k)
06/26/201515:24:43Report of Foreign Issuer (6-k)
06/19/201508:21:00Enabled through Education: 10 Thousand Students with Disabilities...
06/18/201512:57:49Report of Foreign Issuer (6-k)

Turkcell Ilet and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad