9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Erdemir decided not to distribute dividends for the first time

(EREGL) EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. made a notification regarding the dividend distribution transactions. Erdemir announced to the Public Disclosure Platform that the company will not distribute dividends. Why has EREĞLİ Demir Çelik decided not to pay dividends?

Erdemir decided not to distribute dividends for the first time

Ereğli Demir Çelik stated to the Public Disclosure Platform (KAP) that since they are in the investment period, it has been decided not to distribute cash dividends in order to maintain a healthy cash flow.

The allocation of undistributed net profits for 2022 as extraordinary reserves will be submitted to the approval of the General Assembly at the General Assembly meeting to be held on March 31.

Ereğli also announced the new share buyback program and said, “The Share Buyback Program, which was approved at the Ordinary General Assembly meeting on 14 July 2020, with the decision of our company's Board of Directors, was canceled and the "Share Buyback Program" was approved and authorized to the Board of Directors to ensure that our company buys back its own shares. It has been decided to submit the issue to the General Assembly for approval at the Ordinary General Assembly meeting to be held on March 31, where the operating results for the 1.01.2022-31.12.2022 accounting period will be discussed.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Angang Steel suffers USD 1 billion loss amid crisis in China's steel market

Wednesday, April 2, 2025

Türkiye's rebar exports increased by 18.4% in February

Wednesday, April 2, 2025

Uncertainty over US-China trade forces market participants to act cautiously

Wednesday, April 2, 2025

Fagersta Stainless increases production capacity with Danieli technologies

Wednesday, April 2, 2025

ERDEMİR published its integrated annual report for 2024

Wednesday, April 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now