Aksa Energy’s main areas of operation are generation of electrical power and sales of generated electrical power and/or capacity to its customers, along with construction, commissioning, purchasing, and rental of electrical power generation plants.
You may find detailed information about operations of Aksa Energy in our website, in 3rd Article of Articles of Association under Investor Relations.
Our shares are traded in Borsa Istanbul (BIST) in the National Market with AKSEN ticker.
Our shares were offered to public on May 21, 2010.
The number of shares corresponding to the free float is 131,600,000.
The issued capital is TRY 613,169,118.
21.46% of Aksa Energy is offered to public.
There are no privileged shares.
Our fiscal year begins on 1 January and ends on 31 December.
Aksa Energy announces its financial reports quarterly.
You may access financial reports of our company fromwww.kap.gov.tr and Financial Reports tab under Investor Relations on our website.
You can find them in Investor Relations page of our website under Analyst Coverage tab located under Share Performance tab.
You may access annual reports of our company from www.kap.gov.tr and Annual Reports tab under Investor Relations on our website.
Investor presentations are prepared in English. You may find them under Presentations tab on the Investor Relations page of our website. There updated regularly.
You may contact Investor Relations Department for your questions regarding shares via e-mail (investorrelations@aksa.com.tr) or telephone 0 216 681 00 00.
Principles concerning dividend payments are regulated in item 17 of Company’s Articles of Association in detail, which can be found on our website in Investor Relations tab.
Briefly, 50% of the “distributable net profit for the relevant period” - which is calculated by deducting losses of previous years from the Company’s net profit for the period that is determined according to the provisions set forth in the Turkish Commercial Code and the Capital Market legislation and in conformity with the generally recognized accounting principles - shall be distributed in cash or as bonus shares which shall be issued by means of adding such an amount to the share capital subject to the resolution to be rendered by the General Assembly or through the use of both methods at specific rates.
The resolution on dividend distribution shall be evaluated and prepared by the Board of Directors based on the Company’s long-term strategies, financing needs, short-term financial liabilities, conditions set forth in the contracts made with creditors and the Company’s profitability; and it shall be presented to the approval of the General Assembly.
As of the accounting period of the dividend, irrespective of its issuing and acquiring dates, the annual profit shall be distributed equally to all existing shares.
With respect to announcements on dividend rights and dividend distribution, Aksa Energy complies with respective provisions of the Turkish Commercial Code No. 6102, Capital Market Law No. 6362, and Regulation of Dividend Distribution No. II-19.1 and other related capital market legislations. No privileges are granted in our Company's Articles of Association regarding participating in company profit.
