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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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In accordance with the Capital Markets Board Communique II-14.1 and based on consolidated and audited financial statements in line with the Turkish Accounting Standards, general legal reserves of 24.000.000-TL were reduced from the net profit of 728.368.243-TL for the year 2022 and considering the grants of 413.013,84-TL made during the year by our Company in line with CMB regulations, the net total distributable profit for the year 2022 was calculated as 704.781.256,84-TL. Taking into account the Turkish Commercial Code, Capital Markets Regulations, Corporate Tax Law, Income Tax Law and other legal regulation along with the clauses of our articles of association regarding profit distribution and Profit Distribution Policy and considering the financing needs for the current and planned future investments, the uncertainty and risks for the upcoming period, the high cost and limitations on the use of external funding sources exerted by regulations and the additional taxes implemented on a number of companies including ours stemming from the disastrous earthquake that took place on 6 February 2023 with devastating consequences for our nation, the following was decided through unanimous consent and be presented to the approval of the shareholders in the 2022 Ordinary General Assembly Meeting For the calculated net distributable profit for the 2022 period,
220.000.000,00-TL shall be distributed to shareholders in the form of shares as first category dividend, 20.900.000,00-TL shall be set as general legal reserves and the remainder shall be set as extraordinary reserves. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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DIVIDEND DISTRIBUTION TABLE
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EUROPAP TEZOL KAĞIT SANAYİ VE TİCARET 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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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.