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Cash Dividend Payment Amount and Rates
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Additional Explanations
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Regarding the 6th Agenda item; Board of Directors' proposal to distribute gross dividend at amount of TL 422,400,000.00 corresponding to %20 of the issued capital to shareholders as bonus shares has been approved. Application will be made to Capital Markets Board for the approval of bonus shares distribution and the distribution date will be definite after the approval. |
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DIVIDEND DISTRIBUTION TABLE
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PETKİM PETROKİMYA HOLDİNG 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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According to the Consolidated Financial Statements for the period of 01.01.2019-31.12.2019, our Company has earned a "Net Term Profit Attributable to Parent Company" of TL 813.291.000 pursuant to the principles of Capital Markets Board ("CMB") Communiqué (II-14.1); and Net Term Profit TL 838.827.525,41 pursuant to Tax Procedure Law ("TPL"). In this respect, it has been resolved by the Board members that; a) Pursuant to article 519 of Turkish Commercial Code, TL 41.941.376,28 out of Net Term Profit in accordance with TPL will be allocated to the primary legal reserves, b) Gross dividend in the amount of TL 422.400.000,00 out of Net Distributable Income which corresponds to %20 of the issued capital shall be distributed to shareholders as bonus shares in accordance with the provisions of CMB Communiqué numbered II-19.1, c) TL 374.486.149,13 which remains from current Net Term Profit after the allocation of primary legal reserves and bonus share distribution to shareholders shall be allocated to retained earnings in our company's accounts which are kept in accordance with TPL, d) TL 348.949.623,72 which is the amount remaining from "Net Term Profit Attributable to Parent Company" after the allocation of primary legal reserves and bonus share distribution to shareholders, shall be allocated to the extraordinary reserves in our company's consolidated financial tables that are prepared in accordance with CMB Communiqué (II-14.1),, e) This board resolution shall be submitted to the approval of the Ordinary General Assembly Meeting for the activity year of 2019.
Dividend Distribution Table is attached. |
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.