Turkcell Extraordinary General Assembly Dated October 12, 2011
Istanbul (ots/PRNewswire)
Subject: Statement made pursuant to Circular VIII, No: 54 of the Capital Markets Board
Special Subjects:
Turkcell , the leading communications and technology company in Turkey, held its Extraordinary General Assembly of shareholders at the Company's headquarter at 3.00 pm on October 12, 2011. It subsequently announced today that among the agenda items and as a result of the voting held during the meeting:
1) Among our Board members, Colin J. Williams was not released
in respect of the Company's activities and operations of the fiscal year
2010, whereas Gulsun NazlI Karamehmet Williams, Mehmet Bulent Ergin,
Alexey Khudyakov, Oleg Malis, Tero Erkki Kivisaari and Karin Eliasson
were each individually released.
2) Agenda item pertaining to "removing one or more than one of the
members of the Board of Directors and election of new members in lieu of
those removed; and determination of their remuneration" was not put to
the vote as per the opinion of the Government Commissioners, based on
the reason that the agenda item does not comply with the decree law No:
654 dated October 11, 2011 and Capital Market Board's communiqué
Serial: IV, No:54 pertaining to "Determination and Implementation of
Corporate Governance Principles".
3) Since the Balance Sheet and Profits/Loss statements relating to
fiscal year 2010 were not approved, the Board of Directors'
recommendation to distribute a dividend of 75% from the fiscal year 2010
profits was not put to the vote.The shareholders, who were present, expressed the wish that the Board of Directors implement the legislation, dated October 11, 2011 with regards to corporate governance principles as soon as possible.
ABOUT TURKCELL
Turkcell is the leading communications and technology company in Turkey with 34.1 million subscribers and a market share of approximately 54% as of June 30, 2011 (Source: Operator's announcements and excluding the impact of the change in prepaid churn periods in Q2 2011). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with it's approximately 61.7 million subscribers as of June 30, 2011. The company covers approximately 85% of the Turkish population through its 3G and 99.07% through its 2G technology supported network. It has become one of the first among the global operators to have implemented HSDPA+ and achieved a 42.2 Mbps speed using the HSPA multi carrier solution. Turkcell reported a TRY2.3 billion (US$1.5 billion) net revenue with total assets of TRY15.5 billion (US$9.5 billion) as of June 30, 2011. It has been listed on the NYSE and the ISE since July 2000, and is the only NYSE-listed company in Turkey.
Read more at http://www.turkcell.com.tr
For further information please contact Turkcell
Corporate Affairs Koray Öztürkler, Chief Corporate Affairs Officer Tel: +90-212-313-1500 Email: koray.ozturkler@turkcell.com.tr Investors: Nihat Narin, Investor and International Media Relations Tel: + 90-212-313-1244 Email: nihat.narin@turkcell.com.tr investor.relations@turkcell.com.tr Media: Filiz Karagul Tuzun, Corporate Communications Tel: + 90-212-313-2304 Email: filiz.karagul@turkcell.com.tr
Contact:
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