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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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Financial statements for the accounting period 1 January - 31 December 2020, in compliance with the TFRS, prepared by the management of Turkish Petroleum Refineries Corporation, and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. have been reviewed and approved to be presented to the General Assembly. Upon review of the aforementioned financial statements and the records of Turkish Petroleum Refineries Corporation in accordance with Tax Procedural Law, net loss of TL 2.493.511.000,00 per the financial statements prepared in accordance with TFRS and net losses of TL 3.070.277.889,10 as per the records in accordance with the Tax Procedural Law have been noted and profit distribution proposal is prepared accordingly as explained below; In accordance with the Capital Market Board Regulations, Article 18 of the Company's Articles of Association and within the framework of the Dividend Distribution Policy approved by the shareholders at the General Assembly, dated 31 March 2014; No dividends to be distributed due to recognized loss from the activities, according to the financial statements prepared with both Tax Procedure Law and TFRS standards, In the Financial Statements prepared in accordance with the Tax Procedural Law records; due to a loss of TL 3.070.277.889,10 in the current year result, in the financial statements prepared in accordance with the Tax Procedural Law is to be transfered to the retained losses, Transferring the Net Period Loss Attributable to Equity Holders Of The Parent of TL 2.493.511.000,00 which is formed according to the financial statements prepared in line with TFRS, to the retained losses in the related financial statements, These matters above are to be subject to approval of our shareholders at the Ordinary General Meeting of the Company which will be held on March 2021. |
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DIVIDEND DISTRIBUTION TABLE
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TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş. 01.01.2020/31.12.2020 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.