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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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According to the financial statements of the company for the 01.01.20212-31.12.2022 accounting period, which is prepared in compliance with the Capital Markets Board (CMB) Communiqué no.II-14.1 on "Principles of Financial Reporting in the Capital Markets" and audited by Drt Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a Consolidated Net Period Profit of TRY 10,589,574,000 has been generated.
At the meeting of our Board of Directors on 16 March 2023, it has been unanimously decided that;
-As explained in the profit distribution table, in accordance with the Article 31 of our Articles of Association and the CMB communiqué; TRY 154,777,201.28 shall be set aside as General Legal Reserve from Net Profit for the Period, and TRY 7,502,025,773.60 of TRY 10,442,792,597.95 Net Distributable Profit for the Period shall be set aside as Extraordinary Reserves, and the amount of TRY 2,940,766,824.35 shall be distributed as First Dividend to Shareholders (Stock Dividend).
-Based on our legal records prepared in accordance with the provisions of the Tax Procedure Law; in accordance with the provisions of the Tax Procedure Law, TRY 154,777,201,28 shall be set aside as General Legal Reserves from Net Profit for the Period of TRY 3,095,544,025.63 included in our legal records, and the total amount of TRY 2,940,766,824.35 of Net Distributable Profit for the Period shall be distributed as First Dividend to Shareholders (Stock Dividend).
-127.72% stock dividend (bonus) shall be distributed to the shareholders in return for the existing capital of TRY 2,302,591,217,
and this issues shall be submitted to the approval of the Ordinary General Assembly,
In addition, TRY 52,601,757.75 Extraordinary Reserves shall be added to the capital as bonus shares, thus the issue of distributing a total of 130% bonus shares to the shareholders in return for the existing TRY 2,302,591,217 capital shall be submitted to the General Assembly for information.
In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.
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DIVIDEND DISTRIBUTION TABLE
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SASA POLYESTER SANAYİ 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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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.