Telia to Vote in Favor of $175 Million Turkcell Payout

Date : 11/09/2019 @ 18:53
Source : Dow Jones News
Stock : Turkcell lletism Hizmetleri AS (TKC)
Quote : 5.63  -0.07 (-1.23%) @ 03:30
Turkcell lletism Hizmetl... share price Chart

Telia to Vote in Favor of $175 Million Turkcell Payout

Turkcell lletism Hizmetl... (NYSE:TKC)
Historical Stock Chart

1 Month : From Aug 2019 to Sep 2019

Click Here for more Turkcell lletism Hizmetl... Charts.

By Dominic Chopping

 

STOCKHOLM--Telia Co. AB (TELIA.SK) said Wednesday that it has agreed, along with the other shareholders in Turkcell Holding, to vote in favor of Turkcell Iletisim Hizmetleri AS's (TCELL.IS) proposal to distribute dividends of 1.01 billion Turkish lira ($175.1 million) on Oct. 31.

Provided the proposal is approved, Telia's expected share of the dividends will be TRY243 million, corresponding to approximately 410 million Swedish kronor ($42.3 million) pretax and SEK389 million after tax.

Telia is the largest shareholder in Turkcell Iletisim Hizmetleri with a 24% indirect shareholding through its minority interest in Turkcell Holding.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

September 11, 2019 04:38 ET (08:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are 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

P: V:au D:20190919 17:46:15