| According to our company articles of
association, the first dividend is paid from the distributable
profit in accordance with the rates and amounts set forth by the
Capital Markets Board. Proposals for profit distribution
submitted by our Board of Directors for approval to the General
Assembly are prepared taking the following into account:
- Avoiding an imbalance between the expectations of the
shareholders and the need for company’s growth.
- Profitability of our company.
Within this framework, our Board of Directors submits, as a
principle, a proposal to the General Assembly to distribute at
least 30 % of the distributable profit as bonus shares or on a
cash basis.
Dividend payments take place within the legal time limits.
No privileged share exists for distribution of dividends.
Members of our Board of Directors and our employees do not
receive dividends based on founder preferred shares.
There is no mechanism in our articles of association foreseeing
advance payments for dividends. |
