Turkiye Garanti Bankasi A.S.: Information regarding the results of Ordinary General Shareholders' Meeting

Turkiye Garanti Bankasi A.S. (TGBD) 
Turkiye Garanti Bankasi A.S.: Information regarding the results of Ordinary 
General Shareholders' Meeting 
 
17-Jul-2020 / 18:28 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
TO: Investment Community 
 
FROM: Garanti BBVA / Investor Relations 
........................................ 
 
SUBJECT: Information regarding the results of Ordinary General Shareholders' 
Meeting 
 
                                                         DATE: July 17, 2020 
 
  The Ordinary General Shareholders' Meeting of the Bank for 2019 accounting 
     period was held on Friday, July 17th, 2020, at 10a.m. at the address of 
Levent, Nispetiye Mahallesi, Aytar Caddesi No:2 34340 Besiktas, ISTANBUL and 
                                                        it is resolved that; 
 
· The Board of Directors' Integrated Annual Activity Report be approved, 
 
· The Financial Statements for the year 2019 be approved, 
 
· Amendment of Article 7 of the Bank's Articles of Association, which was 
approved by the letter of Banking Regulation And Supervision Agency dated 
17.02.2020 numbered 20008792-101.01.04[42]-E.1814, by the letter of 
Capital Markets Board dated 31.01.2020 numbered 29833736-110.04.04-E.1363 
and by the letter of Ministry Of Customs and Trade - General Directorate 
of Domestic Trade dated 03.03.2020 numbered 50035491-431.02-E-00052854899, 
be approved, 
 
· The Board Members be released for their activities in the year 2019, 
 
· The transfer of the distributable net profit of 6.158.840.673,31 Turkish 
Liras to the Extraordinary Reserves Account be approved, 
 
· As a result of the resignation of Ricardo Gomez Barredo from the Board 
of Directors, the appointment of Avni Aydin Düren as a real person Board 
Member in order to fill the remaining term of office, be approved, 
 
· KPMG Bagimsiz Denetim ve Serbest Muhasebeci Mali Müsavirlik A.S. (KPMG) 
be selected as the auditor of the Bank and the group for the year 2020 
accounting period, in accordance with Article 399 of the Turkish 
Commercial Code, 
 
· The net honorarium amount and an upper limit to be paid to the Board 
members until the ordinary general shareholders' meeting to be held in 
2021 be determined, 
 
· An upper limit for the charitable donations to be made in 2020 be 
determined in accordance with the Article 59 of the Banking Law No. 5411, 
as not to exceed four per thousand of equity of the Bank, 
 
· The Board Members be authorized in accordance with Articles 395 and 396 
of the Turkish Commercial Code, without prejudice to the provisions of the 
Banking Law. 
 
Moreover, the Independent Auditor's Report for the year 2019 is read and the 
                                       Bank's shareholders were informed on; 
 
· As a result of Ali Fuat Erbil's resignation from his office as of 
September 1, 2019, Recep Bastug was appointed as the CEO of the Bank on 
the date of September 6, 2019 after necessary notifications were made and 
the required legal approvals were obtained. 
 
· As the CEO is a natural member of the Board of Directors according to 
the Banking Law, the external duties conducted by the Board Member and the 
grounds of such duties, in accordance with Article 4.4.7. of the Capital 
Markets Board's Corporate Governance Principles, 
 
· The remuneration principles of the Board Members and directors having 
administrative responsibilities, in accordance with Article 4.6.2 of the 
Capital Markets Board's Corporate Governance Principles, 
 
· The charitable donations made to institutions and organizations in the 
amount of 6.818.453,74 Turkish Liras in 2019, 
 
· The significant transactions executed in 2019 which may cause conflict 
of interest, in accordance with Article 1.3.6 of the Capital Markets 
Board's Corporate Governance Principles. 
 
 The meeting minutes, list of participants and the profit distribution table 
 are attached hereto. (The meeting minutes and the profit distribution table 
are in Turkish and English, whereas the list of participants is in Turkish.) 
 
   *In contradiction between the Turkish and English versions of this public 
                              disclosure, the Turkish version shall prevail. 
 
  We declare that our above statements are in conformity with the principles 
      included in the Board's Communiqué, Serial II Nr.15.1, that it exactly 
reflects the information we received; that the information complies with our 
records, books and documents; that we did our best to obtain the correct and 
   complete information relative to this subject and that we are responsible 
                                   for the declarations made in this regard. 
 
                                                            Yours sincerely, 
 
                                                                Garanti BBVA 
 
Contact Garanti BBVA Investor Relations: 
 
Tel: [phone] 
..................... 
 
Fax: [phone] 
..................... 
 
E-mail: [e-mail] 
............................................ 
 
www.garantibbvainvestorrelations.com [1] 
........................................ 
 
Attachment 
 
File: Information regarding the results of Ordinary General Shareholders' 
Meeting [2] 
 
ISIN:           US9001487019 
Category Code:  AGM 
TIDM:           TGBD 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   76564 
EQS News ID:    1096831 
 
End of Announcement EQS News Service 
 
 
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(END) Dow Jones Newswires

July 17, 2020 13:28 ET (17:28 GMT)