Last checked at 1 Apr 2009 15:24
31.03.2009 Resolutions Made at the Annual General Meeting
At Isbank's General Meeting held on March 31st, 2009, in Istanbul, the following issues have been resolved.
RESOLUTIONS MADE AT ISBANK'S GENERAL MEETING HELD ON MARCH 31st, 2009, IN ISTANBUL
1. It was decided to authorize the Chairmanship Council to sign Minutes of the General Meeting.
2. The Board of Directors', Auditors' and Independent Auditors' Reports have been read and discussed.
3. The Balance Sheet and the Profit and Loss Account for the year 2008 have been ratified.
4. The Board of Directors has been acquitted with regards to transactions and accounts in the year 2008.
5. The Auditors have been acquitted with regards to transactions and accounts in the year 2008.
6. Resolution was made to pay Isbank shareholders a total amount of TL 165,399,895.67 cash dividend starting from April 1st, 2009 and to distribute Group C bonus shares through the addition of TL 323,053,671.00 of the net profit to the Capital, after the shares are registered by the Capital Markets Board.
| Type of Share | Cash Dividend Gross (TL) | Distribution of Bonus Shares (TL) |
Total (TL) |
| To Group A Shares with a nominal value of TL 1 | 0.06000 | 0.28126 | 0.34126 |
| To Group B Shares with a nominal value of TL 1 | 0.06000 | 0.14063 | 0.20063 |
| To Group C Shares with a nominal value of TL 1 | 0.06000 | 0.11719 | 0.17719 |
| To Each of the Founder Shares | 1.95105 | - | 1.95105 |
7. Election of Mr. Hasan Kochan on November 3rd, 2008, has been ratified as the Director replacing the vacant seat after the resignation of Mr. Salih Kurtulus on August 25th, 2008.
8. TL 7,000 of monthly payment was designated to the Board members.
9. Prof. Dr. Turkay Berksoy and Ayse Taciser Bayer were elected as auditors for the year 2009.
10. The monthly remuneration of the auditors was determined as TL 3,650.
11. The shareholders were informed on the endowments made during the year 2009.
The cash dividend to be distributed to each of the Group A, B and C shares with a nominal value of TL1 is net TL 0.051, and net TL 1.65839 for each of the founders' shares can be found in the Profit Distribution Table.
Please click to view the Profit Distribution Table and Minutes of the AGM (in Turkish).
http://www.isbank.com.tr/Userfiles/Pdf/2008DividendandProfitDistribution.pdf
http://www.isbank.com.tr/Userfiles/Pdf/yi-genelkurul2009.pdf