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 ISMEN

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Purchase date

Purchase price*

Selling date

* If price is not entered, the closing price at the purchase date will be considered.

Date Cash Dividend
(TL mn)
Dividend/Share
(%)
Capital Increase
Through Bonus Issue (%)
Capital Before
Increase (TL mn)
Capital After
Increase (TL mn)
May 2008 9,5 8,0
May 2009 12,9 10,8
May 2010 19,9 16,7
June 2010 67,5 119 200
May 2011 20,0 10,0
July 2011 30,0 200 260
May 2012 15,1 5,8
June 2012 10,0 260 286
May 2013 20,0 7,0
June 2013 8,6 286 311
March 2014 24,5 7,89
June 2014 6,9 311 332
March 2015 47,0 14,16
June 2015 6,9 332 355
March 2016 36,0 10,14
March 2017 45,0 12,67
March 2018 110,0 30,98
March 2019 90,0 25,35
March 2020 140,0 39,44
Capital Increase (TL) Increase Amount (TL)  
Paid-in/Issued Capital Before Capital Increase Paid-in/Issued Capital After Capital Increase Capital Increase Through Rights Issue Capital Increase Through Bonus Issue Date of the Capital Increase Decision Taken By General Assembly/Board of Directors* Advertised Date of Turkey Trade Registry Journal Dates of Pre-emptive Rights
500.000.- 1.250.000.- - 750.000.- 15.05.1998 11.06.1998 -
1.250.000.- 2.500.000.- - 1.250.000.- 23.06.1999 02.07.1999 -
2.500.000.- 7.000.000.- - 4.500.000.- 09.05.2000 17.05.2000 -
7.000.000.- 17.000.000.- - 10.000.000.- 26.04.2001 15.05.2001 -
17.000.000.- 38.000.000.- - 21.000.000.- 10.05.2002 21.05.2002 -
38.000.000.- 45.000.000.- - 7.000.000.- 18.04.2003 30.04.2003 -
45.000.000.- 96.800.000.- - 51.800.000.- 14.04.2005 22.04.2005 -
96.800.000.- 119.387.000.- 22.587.000.- - 15.03.2007 29.05.2007 -
119.387.000.- 200.000.000.- - 80.613.000.- 24.05.2010 08.07.2010 -
200.000.000.- 260.000.000.- - 60.000.000.- 24.05.2011 06.07.2011 -
260.000.000.- 286.000.000.- - 26.000.000.- 16.05.2012 15.06.2012 -
286.000.000.- 310.500.000.- - 24.500.000.- 30.04.2013 03.07.2013 -
310.500.000.- 332.000.000.- - 21.500.000.- 25.03.2014 18.06.2014 -
332.000.000.- 355.000.000.- - 23.000.000.- 24.03.2015 12.06.2015 -

The registered capital system was adopted at the Extraordinary General Meeting of Shareholders held on 18th of January 2010; and the registered capital was set as 600.000.000.-TL at the Annual General Meeting held on 30 April 2013. Within this registered capital, the Board of Directors is allowed to increase capital.

150,000 (A) Group shares are owned by Isbank.

Six (6) members of the Board of Directors are selected among the candidates nominated by the majority of (A) Group shareholders. The remaining three (3) candidates are selected among the candidates nominated by (B) Group shareholders.

All of the auditors are selected among the candidates nominated by the majority of (A) Group shareholders.

The shares (ticker symbol: "ISMEN") are listed on the Borsa Istanbul (BIST) and were started to be traded on the Star Index in May, 2007. ISMEN shares were included to BIST 100 index as of January 2020, BIST Dividend 25 index as of February 2020 and MSCI Global Small Cap/Turkey index as of November 2020. ISMEN shares have been traded at BIST Financial / BIST Star / BIST Dividend / BIST Dividend 25 / BIST 100 / BIST 100-30 / BIST All Shares / BIST Brokerage Houses indices.

The nominal return of ISMEN was 338% by beating BIST 100 index by 235% in 2020.

The issued capital of the Company is TL 355 million within the registered capital ceiling of TL 750 million. The capital is divided into 355 million shares each of which has TL 1 value. 150,000 shares are (A) Group shares and 354,850,000 shares belong to (B) Group.

  • (A) Group shares are registered ones and (B) Group shares are bearer ones.
  • During capital increases it is not possible to issue new (A) Group shares; (B) Group shares shall be issued in order to represent the increased capital.
  • There are no voting rights privileges. However, (A) Group shareholders have privileges to designate candidates for the Board of Directors. Six members of the Board are nominated by (A) Group shareholders, while three of them are nominated by (B) Group shareholders.
  • There is no privilege in terms of dividends.

Invitation for AGM is announced via material event statement on Public Disclosure Platform (KAP - www.kap.gov.tr), newspaper and on IS Investment's website three weeks before the date of the AGM. Registered shareholders are also notified of the date and agenda via posted letter. The agenda and power of attorney are disclosed together with the invitation.

Furthermore, invitation, agenda and power of attorney; list of attendees and minutes following to the meeting are published on the website. The pertinent documents are also sent via e-mails to known shareholders.

Information policy of IS Investment has been approved by the Board of Directors and disclosed to public. IS Investment makes declarations and gives information about developments, which do not carry any inside information within the frame of the Turkish Commercial Code, applicable regulations and the Capital Market Law in particular and which could affect the investment decisions of investors and the value of our capital market instruments traded at the exchange and while doing so it follows the corporate governance principles.

The main purpose of the information policy is to transmit the necessary information and declarations, which are not within the scope of inside information, to shareholders, investors, employees, customers and other related parties equally, on time, correctly, completely, comprehensible, easy and to the most possible minimum costs.

The Board of Directors takes the followings into consideration,
a) Maintaining a balance between the expectations of the shareholders and the growth policies of IS Investment,
b) The general profitability of the Company, based on these conditions, the Board of Directors has adopted a dividend policy whereby the dividend payment would not be less than 30% of the total distributable profit and would be distributed as cash and/or stock dividend.

IS Investment distributed 77% of its IPO proceeds to the shareholders as cash dividend in five years’ time committed to the dividend policy disclosed in 2007.

SAHA Rating has upgraded our national long-term credit rating to AAA from AA+ as of September 25, 2020 with stable outlook.