Coca-Cola Içecek (CCI) is to propose to its General Assembly the distribution of a TL16m (US$10m) cash dividend, to be paid in May 2009, and the remainder of the net distributable profit to be added to the extraordinary reserves.

In a statement, the soft drinks company said that, subject to the approval of the General Assembly Meeting, a gross dividend of TL0.062900 will be paid per 100 shares, representing a TL1 nominal value.

Turkey-based full and limited corporate tax payers, who receive dividends through an established business or a representative office in Turkey, will receive a net amount of TL0.0629000 per 100 shares, and other shareholders will receive a net amount of TL0,053465.

Coca-Cola Icecek said in January that volumes rose by 11% for 2008 to 533m unit cases, each containing 5.7 litres.