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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Coca Cola Icecek AS    CCOLA   TRECOLA00011

COCA COLA ICECEK AS

(CCOLA)
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Coca Cola Icecek : Dividend Distribution Proposal

09/11/2020 | 05:50am EST

FOR GENERAL RELEASE TO THE PUBLIC

September 10, 2020

Dividend Distribution Proposal

Following the initial proposal of the Board of Directors of Coca-Cola İçecek (CCI), dated 03.03.2020, on distribution of a total TL 450,236,284.00 gross dividends (and the remainder of 2019 net income to be added to the extraordinary reserves); pursuant to the mandatory provision of Article 12 of Law on Mitigating of Effects of Coronavirus (COVID-19) Outbreak on Economic and Social Life and the Law on Amendment of Certain Laws (the Law), numbered 7244 and dated 17.04.2020, the distribution of a total TL 239.108.535 gross dividends (and the remainder of 2019 net income to be added to the extraordinary reserves) was approved at the Ordinary General Assembly Meeting held on 20.04.2020 and the dividend distribution was paid on 28.05.2020.

As per the resolution of the Board of Directors of Coca-Cola İçecek (CCI) dated September 10, 2020;

In accordance with the Provisional Article 13/1 of Turkish Commercial Code No. 6102 and Communiqué on the Procedures and Principles Regarding the implementation of the Provisional Article 13 of the Turkish Commercial Code numbered 6102 which was published in the Official Gazette numbered 31130 on 17.05.2020, the Board of Directors resolved to propose to the General Assembly, after legal liabilities are deducted, the distribution of a total TL 211,127,749.00 gross dividends to be paid starting from 07.10.2020. Total dividend amount will be paid from extraordinary reserves.

Subject to the approval of the General Assembly, a gross cash dividend of TL 0.83 (net TL 0.83) per 100 shares, representing TL 1 nominal value, will be paid to Turkey- based full and limited corporate taxpayers, who receive dividends through an established business or a representative office in Turkey. Other shareholders will receive gross TL 0.83 (net TL 0.7055) per 100 shares.

The dividend distribution table and informative table on dividend rates are attached.

Coca-Cola Icecek Investor Relations I Tel: +90 216 528 4716 I Fax: +90 216 510 70 10 I CCI-IR@cci.com.tr I www.cci.com.tr Page 1 of 2

PUBLIC

Company Profile

CCI is a multinational beverage company which operates in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. As one of the key bottlers of the Coca-Cola system, CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company.

CCI employs close to 8500 people and has a total of 26 plants in 10 countries, offering a wide range of beverages to a consumer base of 400 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks and iced teas.

CCI's shares are traded on the Istanbul Stock Exchange (BIST) under the symbol "CCOLA.IS", and Eurobond is traded in the Irish Stock Exchange, under the symbol "CCOLAT".

Contacts

Andriy Avramenko

Çiçek Uşaklıgil Özgüneş

Treasury and Invest. Relations Director

Chief Financial Officer

Tel: +90 216 528 4002

Tel: +90 216 528 4410

cicek.ozgunes@cci.com.tr

andriy.avramenko@cci.com.tr

Öktem Söylemez

Investor Relations Executive

Tel: +90 216 528 4618

oktem.soylemez@cci.com.tr

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Coca-Cola Içecek AS published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 09:49:10 UTC


© Publicnow 2020
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