Turkiye Garanti Bankasi A.S. : Information regarding the results of Ordinary General Shareholders' Meeting

Turkiye Garanti Bankasi A.S. (TGBD) 
Turkiye Garanti Bankasi A.S.: Information regarding the results of Ordinary General Shareholders' Meeting 
31-March-2021 / 17:19 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
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TO: Investment Community 
FROM : Garanti BBVA / Investor Relations 
SUBJECT: Information regarding the results of Ordinary General Shareholders' Meeting 
 
 
DATE: March 31, 2021 
 
 
The Ordinary General Shareholders' Meeting of the Bank for 2020 accounting period was held on Wednesday March 31th, 
2021, at 10a.m. at the address of Levent, Nispetiye Mahallesi, Aytar Caddesi No:2 34340 Besiktas, ISTANBUL and it is 
resolved that; 
  ? The Board of Directors' Integrated Annual Activity Report be approved, 
  ? The Financial Statements for the year 2020 be approved, 
  ? The Board Members be released for their activities in the year 2020, 
  ? From the after-tax profit of the Bank for the year 2020 in the amount of TL 6.238.002.719,48 in accordance  with 
    Article 45 - of the Articles of Association of our Bank titled as the "Distribution of the Profit"; the cash gross 
    dividend in the amount of TL 623.800.000,00 be distributed to our Shareholders, dividend distribution be initiated 
    on April 5, 2021 and the Head Office be authorized to conduct any and all acts regarding the distribution of 
    profit, 
  ? Since the terms of office of the Members of the Bank's Board of Directors have expired, the number of the Board of 
    Directors be determined as eleven including the General Manager, Süleyman Sözen, Jorge Saenz-Azcunaga Carranza, 
    Muammer Cüneyt Sezgin, Sait Ergun Özen,  Jaime Saenz De Tejada Pulido, Rafael Salinas Martinez De Lecea, Belkis 
    Sema Yurdum, Avni Aydin Düren and Pablo Alfonso Pastor Muñoz be elected for a period of three years and Mevhibe 
    Canan Özsoy be elected for a period of three years as the independent board member in accordance with the Corporate 
    Governance Principles of the Capital Markets Board, for whom the Capital Markets Board of Turkey did not express an 
    adverse opinion regarding her independent board membership candidature, 
  ? KPMG Bagimsiz Denetim ve Serbest Muhasebeci Mali Müsavirlik A.S. (KPMG) be selected as the auditor of the Bank and 
    the group for the year 2021 accounting period, in accordance with Article 399 of the Turkish Commercial Code, 
  ? The net honorarium amount and an upper limit to be paid to the Board members until the ordinary general 
    shareholders' meeting to be held in 2022 be determined, 
  ? An upper limit for the charitable donations to be made in 2021 be determined in accordance with the Article 59 of 
    the Banking Law No. 5411, as not to exceed four per thousand of equity of the Bank, 
  ? The Board Members be authorized in accordance with Articles 395 and 396 of the Turkish Commercial Code, without 
    prejudice to the provisions of the Banking Law. 
 
Moreover, the Independent Auditor's Report for the year 2020 is read and the Bank's shareholders were informed on; 
 
  ? The undistributed portion of the profit of the year 2020, 
  ? The natural board membership of Recep Bastug according to the Banking Law No.5411 which the Bank is subject to, who 
    continues his duty as the CEO, 
  ? The external duties of the newly elected Board Members and the grounds of such duties, in accordance with Article 
    4.4.7. of the Capital Markets Board's Corporate Governance Principles, 
  ? The remuneration principles of the Board Members and directors having administrative responsibilities, in 
    accordance with Article 4.6.2 of the Capital Markets Board's Corporate Governance Principles, 
  ? The charitable donations made to institutions and organizations in the amount of 64.289.408,47 Turkish Liras in 
    2020 which is the sum of tax deductible donations in the amount of 49.846.810,91 Turkish Liras and tax 
    non-deductible donations in the amount of 14.442.597,57 Turkish Liras, 
  ? The significant transactions executed in 2020 which may cause conflict of interest, in accordance with Article 
    1.3.6 of  the Capital Markets Board's Corporate Governance Principles. 
The meeting minutes, list of participants and the profit distribution table are attached hereto. (The meeting minutes 
and the profit distribution table are in Turkish and English, whereas the list of participants is in Turkish.) 
 
 
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. 
 
We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial 
II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books 
and documents; that we did our best to obtain the correct and complete information relative to this subject and that we 
are responsible for the declarations made in this regard. 
 
Yours sincerely, 
Garanti BBVA 
Contact Garanti BBVA Investor Relations: 
Tel: [phone] 
Fax: [phone] 
E-mail: [e-mail] 
www.garantibbvainvestorrelations.com 
 
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Attachment 
File: Information regarding the results of Ordinary General Shareholders' Meeting 
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ISIN:          US9001487019 
Category Code: NOA 
TIDM:          TGBD 
LEI Code:      5493002XSS7K7RHN1V37 
Sequence No.:  96750 
EQS News ID:   1180315 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

March 31, 2021 12:19 ET (16:19 GMT)