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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 Board of Directors on 13.03.2020 announced a proposal of distributing TL 30,000,000 dividends or gross dividend to equity ratio of %12,32. However the dividend distribution proposal of our Board of Directors, dated 13.03.2020 has been rejected at 2020 Ordinary General Assembly and it has been decided not to distribute any dividends.
This was due to the restrictions and other related regulations which became effective pursuant to the mandatory provision of Article 12 of Law on Mitigating of Effects of Coronavirus (COVID-19) Outbreak on Economic and Social Life and the Law on Amendment of Certain Laws (the Law), numbered 7244 dated 17.04.2020.
In accordance with the Provisional Article 13 of Turkish Commercial Code No. 6102 and Communiqué on the Procedures and Principles, our Board of Directors on September 16, 2020 following the Board meeting resolved to convene General Assembly on October 8, 2020, to propose dividend payment again that would be covered from retained earnings. However, the restrictions on dividend payments was extended until 31.12.2020 and thus dividend was not made to shareholders.
Now that the restrictions for dividend payments has now expired at the end of 2020, as of 07.01.2021 Board of Directors proposes a dividend as such follows;
If approved at the General Assembly, TL 30,000,000 cash dividend will be distributed corresponding to gross 12.32% of the capital (243,534,517.96), will be covered from Retained Earnings (corporate tax exempted extraordinary reserves of 31.12.2002 and prior periods),
Therefore;
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Resident corporate shareholders will be paid cash dividends of gross TL 0.12319 (net=) per each share with 1 TL nominal value, corresponding to 12.32% gross dividend distribution rate,
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Real person shareholders will be paid cash dividends of gross TL 0.12319 (net=0.12319) per each share with 1 TL nominal value, corresponding to 12.32% gross dividend distribution rate,
with the dividend distribution starting from February 5, 2021 and these decisions to the approved at the General Assembly.
According to the Article 62/1-b of the Income Tax Law, this profit distribution will not be subject to Witholding Tax, since the profit subject to distribution, is met from corporate tax exempted extraordinary reserves of 31.12.2002 and prior periods.
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DIVIDEND DISTRIBUTION TABLE
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AG ANADOLU GRUBU HOLDİNG A.Ş. 01.01.2019/31.12.2019 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.