Dividend Distribution Policy
Borsa İstanbul A.Ş. Dividend Distribution Policy (Policy) is prepared by Board of Directors and approved by General Assembly.
The purpose of this Policy is to determine the methods and principles of dividend distribution by taking into account the balance between shareholder expectations and medium and long term plans of the Company, as well as national and global economic conditions and growth targets. Dividend distribution shall be decided by the General Assembly upon the proposal of the Board of Directors prepared in accordance with the provisions of the Turkish Commercial Code, capital market legislation, tax legislation, other legislation to which the Company is subject and the provisions of the articles of association of the Company. In the dividend distribution, a consistent policy is followed in line with the corporate governance principles in force, which takes into account the balance betweenthe interests of the shareholders and the company.
Policy aims to distribute at least 50% of the distributable period profit, calculated in accordance with the provisions of the Turkish Commercial Code, capital market legislation and the articlesof associationandtaking into account the company's medium and long-term strategic targets, planned investments and cash situation.
Dividends are distributed equally to all of the existing shares, regardless of their date of issuance and acquisition.
Dividend amounts determined in accordance with the relevant legal regulations and the provisions of the Company's Articles of association are determined by the General Assembly and distributed to the shareholders on the dates determined by the General Assembly within the stipulated legal periods.
If the Board of Directors proposes not to distribute dividends, it informs the shareholders at the General Assembly about the reasons of this situation and how to use the profit.
Policy can be reviewed every year, taking into account the financial performance, investment projects and sectoral and economic conditions.
It was approved at the general assembly meeting on 27.09.2018.