TR

Information on Preferred Shares


As it is indicated in the Articles of Association of our Company, each Group A share, amounting to a nominal value of 100,000 TL, has the right of using one thousand votes in the election of the members of the Board of Directors.

Apart from this, there are no other preferred, and it is not possible to issue new preferred shares pursuant to the provisions of the articles of association of our Company.

Although it is indicated in the corporate governance principles that it is necessary to avoid privilege in voting right, and considering our company’s being a public company with a high rate of 99%, the privilege on voting that is granted to Group A shares only is maintained only in the election of the members of the Board of Directors in parallel to sector wide practices, with the purpose of maintaining the continuity of the management.

Apart from this, the principles with regard to voting are abided by.