The board of Coca-Cola Icecek, the Turkey-based soft drinks bottler, has approved the distribution of TL16m (US$10m) in cash dividends to shareholders.

A cash dividend for the 12 months of 2008 will be paid to shareholders on 29 May, Coca-Cola Icecek said today (18 May).

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 TL0.0629 per 100 shares and other shareholders will receive a net amount of TL0.053465.

The firm reported volume sales in 2008 up 11% to 533m unit cases.