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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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Our Company Board of Directors made the following decision on the February 20, 2023. The financial statements for the accounting period 01.01.2022 and 31.12.2022, which was prepared by our Company and in compliance with the Turkish Financial Reporting Standards (TFRS) and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş, were reviewed and accepted to be submitted to the General Assembly. As a result of the examination of the financial statements of Arçelik A.Ş. held in accordance with the provisions of the Tax Procedure Law; According to TFRS, net profit of the Company is TRY 4,324,671,826.46 and accordance with Tax Procedure law, current year profit is TRY 1,534,073,841.00 a) The 5 % portion of legal reserves which has to be allocated according to Turkish Commercial Code article 519, will not be allocated for 2022 since legal reserves amount as of 31.12.2021 according to Tax Procedure Law reached 20% of the capital. In accordance with TFRS, distributable profit is TRY 4,324,671,826.46 which is the sum of net profit of TRY 4,331,367,607.85 plus donations of TRY 6,695,781.39
Net profit of TRY 1,437,558,202.68 is distributable profit according to financial statement prepared according to Tax Procedure Law, after deducting previous year losses amounting to TRY 96,515,638.32 TL from the net profit for the period amounting to TRY 1,534,073,841.00
b) In accordance with Capital Market Legislation and the profit distribution clause of the Company's Articles of Association and the Profit Distribution Policy approved by shareholders in the General Assembly dated 27.03.2014; considering market expectations, our Company's long-term strategies, investments and financing policies, profitability and cash status dividend amount is decided as below TRY 1,800,000,000.00 first dividend payable to shareholders
TRY 176,621,358.98 portion of legal reserves c) Total amount of TRY 1,800,000,000.00 which is the sum of the first and second part dividend, will be paid in cash to the shareholders; d) If the above profit distribution proposal is accepted by the General Assembly, based on our registrations prepared according to Tax Procedure Law, the total dividend of TRY 1,800,000000.00 to be paid to the shareholders from TRY 1,309,942,585.19 current year earnings, TRY 391,545,929.45 from Other Capital Reserves and TRY 98,511,485.36 from Extraordinary Reserves. Besides, the total amount of the secondary general legal reserve of TRY 176,621,358.98 to be paid from TRY 127.615.617,49 current year other earnings, TRY 39,154,592.94 from Other Capital Reserves and TRY 9,851,148,54 from Extraordinary Reserves. e) To our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey; dividend to be paid at the rate of 266.37928% and TRY 2.6637928 gross=net cash for shares at the nominal value of TRY 1.00; and gross cash dividend of TRY 2.6637928 at the rate of 266.37928% and net cash dividend of TRY 2.3974135 at the rate of 239.74135 % for shares with a nominal value of TRY 1.00 to be paid to our other shareholders, f) Determining of first part dividend payment date as March 20, 2023; second part dividend payment date as September 25, 2023. It has been decided to submit our shareholders for the approval at the Ordinary General Meeting of our company that will be held on March 16, 2023. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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DIVIDEND DISTRIBUTION TABLE
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ARÇELİK A.Ş. 01.01.2022/31.12.2022 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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(*) There is no privileged share group in the profit.
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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.