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Amount and Rate of Cash Dividend Payment
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Cash Dividend Payment Dates
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Additional Explanations
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The Board of Directors of AKSA AKRİLİK KİMYA SANAYİİ ANONİM ŞİRKETİ resolved as follows pursuant to Article 390/4 of the Turkish Commercial Code; 1. Under the financial statements prepared in compliance with the provisions of Communique, serial no. II, No: 14.1, our consolidated net profit for the period is TL 294.971.053,00, and our net profit for the period according to financial starements prepared in compliance with Tax Procedure Law is TL 281.736.356,33. From the consolidated net profit for the period of the financial statements prepared in compliance with the provisions of Communique, serial no. II, No: 14.1 which is TL 294.971.053,00; - Not to book any reserves; based on the fact that the General Statutory Reserves appearing in the records of the Company has reached to the ceiling specified in Paragraph 1. Of Article 519 of the Turkish Commercial Code and subparagraph (a) of Article 25 of the Articles of Association of the Company; - To distribute to our shareholders as first dividend amounting to TL 9.250.000,00 in cash, pursuant to Article 25 of the Articles of Association of the Company, (the gross divident amount of TL 0,05 per a share with a par value of TL 1,00, with a gross dividend ratio of 5%) corresponding to 5% of the paid capital of the company, which is TL 185.000.000.00; - Out of the outstanding amount of TL 285.721.053,00, the second dividend amounting to TL 197.950.000,00 (the gross divident amount falling on a share with par value of TL 1,00 shall be 1,07 and the ratio of gross dividend is 107,00%) to be distributed in cash to our shareholders pursuant to Article 25 of the Articles of Association of the Company; - a General Statutory Reserve of TL 19.795.000,00 based on the Second Dividend distributed shall be set aside; - The sum of the 1st and 2nd dividends distributable to shareholders shall be TL 207.200.000,00 (the gross dividend amount falling on a share with par value of TL 1,00 is TL 1,12 in gross and the ratio of dividend is 112,00%); - Dividends shall be distributed in cash beginning on 4 April 2018; 2. The proposal of the Board of Directors with respect to distribution of profit shall be presented to the General Assembly for approval, 3. The resolution related to the proposal for distribution of profit and the Table of Profit Distribution of the year 2017 prepared in compliance with the resolution of the Capital Market Board shall be disclosed to public. Material Disclosure Announcement has been prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail. |
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DIVIDEND DISTRIBUTION TABLE
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AKSA AKRİLİK KİMYA SANAYİİ A.Ş. 01.01.2017/31.12.2017 Period Dividend Payment Table (TL)
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Dividend Rates Table
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Dividend Payment Table Explanation
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The figure in the Current Period Profit row at the "Based on CMB Regulation" column is the consolidated net profit before tax and the figure at the "Based on Legal Records" is the standalone net profit before tax of financial statements prepared in compliance with Tax Procedure Law.
Net dividend amount is calculated using 15% witholding tax, based on 23/07/2006 dated and 2006/10731 numbered Council of Ministers' Decision. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.