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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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At the meeting of our Board of Directors on March 8, 2021, the issue of distributing the 2020 profit in accordance with the Dividend Distribution Policy of our Company and distributing the profit on May 05, 2021 was submitted to the approval of our shareholders at the General Assembly Meeting and it was decided to distribute 2020 profit. |
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DIVIDEND DISTRIBUTION TABLE
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EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2020/31.12.2020 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 Company posted 836.258.000,00Turkish 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 831.150.421,47 Turkish Liras of net profit for the period in the balance sheets drawn up in accordance with 2020 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 618.423.233,87 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 (41.557.521,07 Turkish Liras) shall be set aside from the 831.150.421,47 Turkish Liras of net profit for the period in the balance sheets drawn up pursuant to the provisions of the Tax Procedure Law. First Dividend of 82.460.000,00 Turkish Liras shall be distributed. This figure is %0,1004182734819690 percent of the 794.700.478,93 Turkish Liras net profit for the period, which is calculated by adding 26.464.804,45 TL Turkish Liras of Donations and Grants made in 2020 to the remaining 794.700.478,93 TL Turkish Liras after setting aside 31.960.594,19 Turkish Liras of First Legal Reserve pursuant to the TCC from 836.258.000,00 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 82.460.000,00 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 712.240.478,93 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 82.460.000,00 TL Turkish Liras shall be distributed to shareholders in exchange for 2020 dividend right coupons at gross (=net) dividend rate of 0,021700 Turkish Liras in cash/on account on May 05,2021. These matters has been submitted for the approval of our shareholders and it has been approved at the 2020 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.