UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated March 30, 2018
Commission File Number: 001-15092

TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name in English)

Aydınevler Mahallesi İnönü Caddesi No:20
Küçükyalı Ofispark
34854 Maltepe
Istanbul, Turkey

(Address of Principal Executive Offices)
 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒          Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐          No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐          No ☒
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐          No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
Enclosure: A press release dated March 29, 2018, regarding the Results of the Annual General Assembly.

 

 

Istanbul, March 29, 2018
 
Announcement Regarding the Results of the Annual General Assembly
 

The following decisions were taken at the Ordinary General Assembly of our Company held on March 29, 2018:
 
·
Balance Sheet and Profit/Loss statements relating to the fiscal year 2017 were approved,
 
·
Board Members were individually released from activities and operations of the Company pertaining to the year 2017,
 
·
Limit for donations for 2018 was determined to be up to one percent (1%) of our Company’s revenue as per consolidated annual financial statements relating to the previous fiscal year prepared in accordance with the Capital Markets Board regulation, effective from the beginning of fiscal year 2018,
 
·
Board of Directors’ proposal on amendments in relation to Company’s articles of association was not approved,
 
·
Following the voting of the proposal from our Company’s shareholder Turkcell Holding A.Ş regarding the agenda item 9 in relation to the election of new Board Members other than those who are independent members, Mustafa Kıral was elected to replace Jan Erik Rudberg, Hasan Tuvan Yalım was elected to replace Erik Jean Christian Antoine Belfrage and Ingrid Maria Stenmark was elected to replace Mehmet Bostan. Terms of Office of the three new Board Members were approved as 3 years,
 
·
Agenda item 10 in relation to the determination of the remuneration of the members of the Board of Directors have not been put to vote as there were no proposals on these regards,
 
·
PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş (PricewaterhouseCoopers) was elected as independent audit firm pursuant to Turkish Commercial Code and the Capital Markets Legislation for auditing of the accounts and financials of the year 2018,
 
·
Board Members were permitted to be active in areas falling within or outside the scope of the Company’s operations directly or on behalf of others and to participate in companies operating in the same business and to perform other acts in compliance with Articles 395 and 396 of the Turkish Commercial Code,
 
·
Following the voting of the proposal from our Company’s shareholder Turkcell Holding A.Ş regarding the agenda item on the distribution of dividend for fiscal year 2017; by taking the Company’s cash position and needs into consideration, distribution of TRY1,900,000,000 dividend, as stated on the proposition (attached to the minutes of the General Meeting), from the net distributable profit for fiscal year 2017 on the Company’s published financial statements was approved. This amount was determined after setting aside the legal reserves in accordance with Company’s Articles of Association, Turkish Commercial Code no.6102, and Capital Markets Law no.6362, and taking into account retained earnings and extraordinary reserves. The distribution to the shareholders will be performed in three equal installments and payment of each installment will be done by latest June 18, 2018, September 17, 2018 and December 17, 2018, respectively.

Herewith enclosed annex is the Dividend Distribution Table.

The minutes and the participants list of General Assembly is available in Turkish on our company website.
 
 

For more information:
Turkcell Investor Relations
investor.relations@turkcell.com.tr
Tel: + 90 212 313 1888

             
 
TURKCELL İLETİŞİM HİZMETLERİ A.Ş. 2017 DIVIDEND DISTRIBUTION TABLE (TL)
             
1)
Paid / Issued Capital
        
         2,200,000,000
             
2)
Total Legal Reserves (in accordance with statutory records)
        
         1,407,842,712
             
 
If there is information about privilege in dividend distribution in accordance with the Articles of Association
  
             
             
 
DISTRIBUTION OF THE PROFIT FOR THE PERIOD
  
 According to CMB
    
 According to
Statutory Records
(SR)
             
3)
Profit for the period
  
         2,550,886,631
    
             485,255,736
             
4)
Tax (-)
  
            571,757,607
    
               11,557,098
             
5)
Net Profit for the period (=)
(3-4)
         1,979,129,024
  
(3-4)
             473,698,638
             
6)
Prior Years' Losses (-)
  
                             -
    
                             -
             
7)
Primary Legal Reserves (-)
((5YK-6YK)*0.05)
                             -
  
((5YK-6YK)*0.05)
                             -
             
             
8)
NET DISTRIBUTABLE PROFIT (=)
(5-6-7)
         1,979,129,024
  
(5-6-7)
            473,698,638
             
9)
Donations made during the year
  
            113,085,000
      
             
10)
Net distributable profit including donations that is the base of calculation of first legal reserves
(8+9)
         2,092,214,024
      
             
11)
First Dividend
(10*the minimum
rate determined by
the CMB)
            418,442,805
      
a
          -Cash
                             -
      
b
          -Cash
            418,442,805
      
c
          -Share
                            -
      
 
          -Total
            418,442,805
      
             
12)
Dividend paid to preference shares
Amount of the
dividend for
privileged
shareholders in
accordance with
the articles of
Association
                             -
      
             
13)
Dividends paid to Board Members, employees and etc.
  
                             -
      
             
14)
Dividend paid to Redeemed Share Owners
  
                             -
      
             
15)
Secondary Dividend
  
         1,390,765,399
      
             
16)
Secondary Legal Reserves
((11+12+13+14+15)-(H5*0.05))/11
            169,920,820
      
             
17)
Status Reserves
  
                             -
      
             
18)
Special Reserves
  
                             -
      
             
19)
EXTRAORDINARY RESERVES (*)
8-(11a+12+13+14+16+17+18)
                             -
      
             
20)
Other Distributable Sources
  
                             -
      
 
          -Prior years' profits (**)
  
              90,791,796
    
        1,900,000,000
 
          -Ekstra Ordinary Reserves
  
                            -
      
 
          -Other Distributable Reserves in
accordance with legislation and Articles of
Association
  
                            -
      
             
  (*) During the profit distribution, FY 2017 CMB profit and TRY 90.791.796 previous year's profit are used.

(**) Pertaining to the period between January 1,  2017and December 31,  2017, our Company’s profit calculated according to the consolidated financial statements, which were audited independently in accordance with the“Communiqué Regarding the  Financial Reporting in Capital Markets”  the total amount of TRY 1.900.000.000, which shall be distributed in cash from statutory previous year's profit

(***) Dividend regarding to buy-back shares will be recorded in free reserves at statutory accounts.
INFORMATION ON DIVIDEND PAY OUT RATIO(1)
INFORMATION ON DIVIDEND PER SHARE
 
Group
TOTAL DIVIDEND
AMOUNT (TRY)
DIVIDEND FOR A SHARE WITH A NOMINAL VALUE OF 1 TL
   
AMOUNT (TRY)
RATIO (%)
GROSS
A
      
 
B
      
 
TOTAL
                          1,900,000,000
                       0.8636364
                                         86.36
 
There are no groups of shares in Our Company. Witholding tax will be applied on distributed gross dividend in accordance with applicable tax regulations on the distribution date.
NET
A
      
 
B
      
 
TOTAL
                             1,615,000,000
0.7340909
73.41
 
There are no groups of shares in Our Company. Witholding tax will be applied on distributed gross dividend in accordance with applicable tax regulations on the distribution date.
RATIO OF DIVIDEND DISTRIBUTION TO THE NET DISTRIBUTABLE PROFIT INCLUDING DONATIONS
DISTRIBUTED DIVIDEND AMOUNT (TRY) TO SHAREHOLDERS
RATIO OF SHAREHOLDERS DIVIDEND DISTRIBUTION TO THE NET DISTRIBUTABLE PROFIT INCLUDING DONATIONS (%)
                                                         1,900,000,000
90.81
       
(1) Group shares will be disclosed separately if there exists any privileged shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Cash Dividend per Ordinary Share with a nominal value of TRY 1 (TRY)
First Installment
Second Installment
Third Installment
Total
0.2878788
0.2878788
0.2878788
0.8636364

Net Cash Dividend per Ordinary Share with a nominal value of TRY 1 (TRY)
First Installment
Second Installment
Third Installment
Total
0.2446970
0.2446970
0.2446969
0.7340909

Cash Dividend Date
First Installment
Second Installment
Third Installment
18.06.2018
17.09.2018
17.12.2018

Note: The gross cash dividend per ordinary share with a nominal value of TRY 1 in each installment will
exactly be TRY 0.2878788 (net TRY 0.2446970). However, this cannot be stated as such in the above
tables which are part of Public Disclosure Platform disclosure due to technical reasons.

 
 
 
 
 
 
 
 
 
 
 
 



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
TURKCELL ILETISIM HIZMETLERI A.S.
  
     
     
Date:  March 30, 2018
By:
 /s/ Zeynel Korhan Bilek
  
 
Name:
Zeynel Korhan Bilek
  
 
Title:
Investor Relations and Mergers & Acquisition Director
  
       
                    
 
TURKCELL ILETISIM HIZMETLERI A.S.
  
     
     
Date:  March 30, 2018
By:
 /s/ Bulent Aksu
  
 
Name:
Bulent Aksu
  
 
Title:
Finance Executive Vice President