Notification Regarding Dividend Payment

At the meeting of the Board of Directors of our Company dated 19.03.2024;

Within the framework of the Capital Markets Law No. 6362, Relevant regulations of the Capital Markets Board of Türkiye and the Banking Regulation and Supervision Agency, Article 17 of the Company's Articles of Association and the Dividend Distribution Policy,

  • According to the unconsolidated financial statements prepared in accordance with the BRSA Regulations, the first legal reserves of 5%, which should be separated from the net profit of TL 855,122,068.55 as of 31.12.2023, has reached the limit of 20% of the capital in the records as of 31.12.2023, and is allocated as TL 8,405,839.65 for the year 2023 in accordance with Article 519 of the Turkish Commercial Code No.a6301,
  • From the remaining net distributable profit of TL 846,716,228.90, a total of TL 128,268,300 will be distributed to our shareholders as cash dividends, comprising TL 6,985,000.00 as the first dividend and TL 121,283,300.00 as the second dividend.
  • TL 13,475,922.22 will be allocated as second legal reserves
  • A total of TL 85,929,068.51 will be allocated as a special reserves, of which TL 5,929,068.51 is to be transferred from the real estate sales income within the framework of clause 1/e of Article 5 of the Corporate Tax Law No. 5520 and TL 80,000,000 is to be transferred to the venture capital investment fund for the purpose of purchasing venture capital investment fund shares within the scope of Article 10/g of the Corporate Tax Law,
  • The remaining 619,042,938.17 TL is transferred to extraordinary reserves,

The proposal submitted by the Board of Directors regarding the distribution of the amounts determined in accordance with the attached Dividend Distribution Table in cash as of 30.04.2024 was accepted at the Ordinary General Assembly Meeting dated 18.04.2024 by changing the dividend distribution date to 22.04.2024.

Thus, it has been resolved that the Dividend Distribution will be carried out in accordance with the attached dividend distribution proposal of the Board of Directors and that the dividend amounts determined will start to be distributed as of 22.04.2024.

General Assembly Resolution for Profit Distribution picture_as_pdf
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