Summary Info
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Dividend Distribution Proposal for 2016 year
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Update Notification Flag
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No
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Board Decision Date
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22.02.2017
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Date of Related General Assembly
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22.03.2017
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Type of Cash Dividend Payment
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Payment In Advance
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Currency Unit
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TRY
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Type of Stock Dividend Payment
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Will Not Be Paid
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Amount and Rate of Cash Dividend Payment
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
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A Grubu, İşlem Görmüyor, TRETTRK00028
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Payment In Advance
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4,6843673
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468,43673
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4,6843673
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468,43673
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B Grubu, İşlem Görmüyor, TRETTRK00036
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Payment In Advance
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4,6843673
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468,43673
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4,45014896
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445,014896
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C Grubu, TTRAK, TRETTRK00010
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Payment In Advance
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4,6843673
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468,43673
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3,98171223
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398,171223
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Cash Dividend Payment Dates
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Proposed
Ex-Dividend Date
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Payment In Advance
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03.04.2017
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05.04.2017
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04.04.2017
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Amount of Stock Dividend (TL)
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Rate of Stock Dividend (%)
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A Grubu, İşlem Görmüyor, TRETTRK00028
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0
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0
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B Grubu, İşlem Görmüyor, TRETTRK00036
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0
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0
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C Grubu, TTRAK, TRETTRK00010
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0
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0
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English Statement - English version of the disclosure statement is as follows:
It has been resolved to distribute dividend as shown below in line with Capital Markets Legislation, 19th article of Articles of Association and Dividend Policy approved by the shareholders at the general assembly on 24.03.2014.
Distribute first dividend to the shareholders TL 225.854.873,40
Distribute second dividend to the shareholders TL 24.145.126,60
And to allocate 2nd Type Legal Reserve TL 24.733.155,00
It has been resolved to pay TL 250.000.000 in cash which is equal to the first and second dividend to be distributed to the shareholders.
If the above dividend distribution proposal is accepted by the General Assembly, by taking our legal and TFRS/TAS registration into consideration, the total TL 250.000.000 gross dividend and 2nd type legal reserves with an amount of TL 24.733.155,00 will be distributed in cash to the shareholders from 2016 year profit,
By taking legal registration into consideration, the remaining total TL 9.964.621,93 will be allocated as excess reserve after distributing dividend and allocating 2nd type legal reserves from 2016 year profit, It has been resolved to determine the dividend payment date as 3rd of April and present to the approval of General Assembly held on 22.03.2017.
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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Appendix: 1
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SPK Kar Dağıtım Tablosu 22032017.pdf
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Appendix: 2
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SPK Kar Dağıtım Tablosu 22032017_eng.pdf
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DIVIDEND DISTRIBUTION TABLE
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TÜRK TRAKTÖR VE ZİRAAT MAKİNELERİ A.Ş. 01.01.2016/31.12.2016 Period Dividend Payment Table (TL)
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1.Paid-In / Issued Capital
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53.369.000
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2. Total Legal Reserves (According to Legal Records)
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131.105.952,9
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Information on privileges in dividend distribution, if any, in the Articles of Association:
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-
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*
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Based on CMB Regulations
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Based on Legal Records
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3. Current Period Profit
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388.139.632
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329.150.441,28
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4. Taxes Payable (-)
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-18.343.343
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-44.452.664,35
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5. Net Current Period Profit
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369.796.289
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284.697.776,93
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6. Losses in Previous Years (-)
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0
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0
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7. Primary Legal Reserve (-)
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0
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0
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8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT
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369.796.289
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284.697.776,93
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Dividend Advance Distributed (-)
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0
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0
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Dividend Advance Less Net Distributable Current Period Profit
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0
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0
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9. Donations Made during the Year ( + )
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6.628.500
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0
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10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
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376.424.789
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284.697.776,93
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11. First Dividend to Shareholders
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0
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0
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* Cash
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225.854.873,4
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2.668.450
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* Stock
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0
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0
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12. Dividend Distributed to Owners of Privileged Shares
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0
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0
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13. Other Dividend Distributed
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0
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0
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* To the Employees
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0
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0
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* To the Members of the Board of Directors,
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0
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0
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* To None Shareholders
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0
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0
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14. Dividend to Owners of Redeemed Shares
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0
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0
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15. Second Dividend to Shareholders
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24.145.126,6
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247.331.550
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16. Secondary Legal Reserves
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24.733.155
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24.733.155
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17. Statutory Reserves
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0
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0
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18. Special Reserves
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0
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0
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19. EXTRAORDINARY RESERVES
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95.063.134
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9.964.621,93
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20. Other Distributable Resources
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0
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0
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CASH DIVIDEND AMOUNT (TL) - NET
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STOCK DIVIDEND AMOUNT (TL)
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TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
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A Grubu
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93.750.000
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0
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25,35
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4,68436733
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468,43673293
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B Grubu
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89.062.500
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0
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24,08
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4,45014896
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445,01489629
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C Grubu
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53.125.000
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0
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14,37
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3,98171223
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398,17122299
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TOTAL
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235.937.500
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0
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63,8
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Dividend Payment Table Explanation
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- There is not privileged right for dividend.
- A Group shares are holding by the resident taxpayer shareholders, thus 0% withholding tax is calculated.
- Foreign-based taxpayer shareholder CNHI Österreich is holding B group shares. Due to the agreement to avoid double taxation between Austria and Turkey, withholding tax is calculated 5%.
- 15% withholding tax calculated for the remaining C group share owners.
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