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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 Company posted 1.268.049.000,00 Turkish Liras of net profit for the period in the consolidated balance sheet drawn up pursuant to the provisions of the Capital Markets Board (CMB) Communiqué Serial: XI No: 29, and 1.175.686.400,29 Turkish Liras of net profit for the period in the balance sheets drawn up in accordance with 2018 4Q Provisional Tax Return pursuant to the provisions of the Tax Procedure Law. Total first legal reserve that has been set aside pursuant to the Turkish Commercial Code (TCC) was 655.084.908,61 Turkish Liras, which is lower than the 20 percent of the paid-in capital. Accordingly, it has been resolved that 5 percent First Legal Reserve (58.784.320,01 Turkish Liras) shall be set aside from the 1.175.686.400,29 Turkish Liras of net profit for the period in the balance sheets drawn up pursuant to the provisions of the Tax Procedure Law. A First Dividend of 122.930.000,00 Turkish Liras shall be distributed. This figure is 0,100002875954709 percent of the 1.229.264.646,91 Turkish Liras net profit for the period, which is calculated by adding 19.999.966,92 TL Turkish Liras of Donations and Grants made in 2018 to the remaining 1.209.264.679,99 TL Turkish Liras after setting aside 58.784.320,01 TL Turkish Liras of First Legal Reserve pursuant to the TCC from 1.268.049.000,00 TL Turkish Liras of net profit for the period in the consolidated balance sheets drawn up pursuant to the provisions of the CMB Communiqué Serial: XI No: 29. Also, pursuant to the TCC provisions, Second Legal Reserve shall not be set asidedue to 122.930.000,00 TL Turkish Liras First Legal reserve that will be distributed to the shareholders not to exceed 5 percent of the paidin capital. The remaining profit of 1.086.334.679,99 TL Turkish Liras according to our legal records shall not be distributed, and shall be set aside as excess reserve. The first dividend in the amount of 122.930.000,00 TL Turkish Liras shall be distributed to shareholders in exchange for 2018 dividend right coupons at gross (=net) dividend rate of 0,032350 Turkish Liras in cash/on account on May 31, 2019. These matters shall be submitted for the approval of our shareholders at the 2018 Ordinary General Assembly of the Company. In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (Kamuyu Aydınlatma Platformu) shall prevail. |
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DIVIDEND DISTRIBUTION TABLE
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EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2018/31.12.2018 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 Company posted 1.268.049.000,00 Turkish Liras of net profit for the period in the consolidated balance sheet drawn up pursuant to the provisions of the Capital Markets Board (CMB) Communiqué Serial: XI No: 29, and 1.175.686.400,29 Turkish Liras of net profit for the period in the balance sheets drawn up in accordance with 2018 4Q Provisional Tax Return pursuant to the provisions of the Tax Procedure Law. Total first legal reserve that has been set aside pursuant to the Turkish Commercial Code (TCC) was 655.084.908,61 Turkish Liras, which is lower than the 20 percent of the paid-in capital. Accordingly, it has been resolved that 5 percent First Legal Reserve (58.784.320,01 Turkish Liras) shall be set aside from the 1.175.686.400,29 Turkish Liras of net profit for the period in the balance sheets drawn up pursuant to the provisions of the Tax Procedure Law. A First Dividend of 122.930.000,00 Turkish Liras shall be distributed. This figure is 0,100002875954709 percent of the 1.229.264.646,91 Turkish Liras net profit for the period, which is calculated by adding 19.999.966,92 TL Turkish Liras of Donations and Grants made in 2018 to the remaining 1.209.264.679,99 TL Turkish Liras after setting aside 58.784.320,01 TL Turkish Liras of First Legal Reserve pursuant to the TCC from 1.268.049.000,00 TL Turkish Liras of net profit for the period in the consolidated balance sheets drawn up pursuant to the provisions of the CMB Communiqué Serial: XI No: 29. Also, pursuant to the TCC provisions, Second Legal Reserve shall not be set asidedue to 122.930.000,00 TL Turkish Liras First Legal reserve that will be distributed to the shareholders not to exceed 5 percent of the paidin capital. The remaining profit of 1.086.334.679,99 TL Turkish Liras according to our legal records shall not be distributed, and shall be set aside as excess reserve. The first dividend in the amount of 122.930.000,00 TL Turkish Liras shall be distributed to shareholders in exchange for 2018 dividend right coupons at gross (=net) dividend rate of 0,032350 Turkish Liras in cash/on account on May 31, 2019. These matters shall be submitted for the approval of our shareholders at the 2018 Ordinary General Assembly of the Company. In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (Kamuyu Aydınlatma Platformu) shall prevail. |
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.