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Cash Dividend Payment Amount and Rates
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Dividend Dates
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(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
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(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
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(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
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(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
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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 277.681.617,00, and our net profit for the period according to financial starements prepared in compliance with Tax Procedure Law is TL TL 252.215.125,58. 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 277.681.617,00; -To set aside TL 12.610.756,28 from 5% of net profit under the financial statements prepared in compliance with Tax Procedure TL 252.215.125,58 as I.Type Legal Reserve Fund persuant to article no 519 of Turkish Commercial Code and article 25 of our company's articles of association; - To distribute to our shareholders as first dividend amounting to TL 16.187.500,00 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 323.750.000,00; - Out of the outstanding amount of TL 248.883.360,72, the second dividend amounting to TL 223.387.500,00 (the gross divident amount falling on a share with par value of TL 1,00 shall be 0,69 and the ratio of gross dividend is 69,00%) to be distributed in cash to our shareholders pursuant to Article 25 of the Articles of Association of the Company; - General Statutory Reserve of TL 22.338.750,00 based on the Second Dividend distributed shall be set aside; - The sum of the 1st and 2nd dividends distributable to shareholders shall be TL 239.575.000,00 (the gross dividend amount falling on a share with par value of TL 1,00 is TL 0,74 in gross and the ratio of dividend is 74,00%); - Dividends shall be distributed in cash beginning on 7 April 2020; 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 2019 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. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)
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Dividend Payment Rates Table
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Dividend Rate Table Explanations
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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.