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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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In our Company's Board of Directors meeting dated March 12th, 2021; According to the financial statements for the accounting period of January 1st, 2020 - December 31st, 2020, prepared within the framework of the provisions of the Capital Markets Board Communiqué II-14.1 and in accordance with the International Financial Reporting Standards and audited by Pwc Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.; a "(Consolidated) Net Profit" of TRY 118.070.266 has been recorded, of which TRY 114.528.012 is the net profit belonging to the equity holders of the parent after tax. Taking into account our Dividend Distribution Policy and according to dividend distribution table attached, Board of Directors has unanimously resolved by the attendees to submit following matters to General Assembly's approval i. Distribution of gross, TL 30.000.000,- (gross TL 1,2 per share of TL 1 nominal value and 120% on the basis of the paid-in capital) of the net distributable profit calculated in the framework of Turkish Commercial Code and the dividend distribution regulations and decisions of the Capital Markets Board, to shareholders as a cash dividend, ii. Distribution TL 75.000.000.- as bonus share, which equals to 300% of the paid-in capital; covering 32.990.407.-TL of bonus shares from the net profit and 42.009.593.-TL of bonus shares from retained earnings allocated as extraordinary reserves, iii. Allocation TL2.423.768,50,- as General Legal Reserves in accordance with the Turkish Commercial Code, iv. Allocation the remaining profit as Extraordinary Legal Reserves,
v. Distribution of the cash dividends to the shareholders on April 19, 2021 and the bonus shares following the completion of the legal process and authorization of the Board of Directors |
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DIVIDEND DISTRIBUTION TABLE
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LOGO YAZILIM SANAYİ VE TİCARET 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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Dividend Rate Table Explanations
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*There is no privileged share group in profit distribution.
**It has been calculated over net dividend amounts with the assumption that the dividend is distributed to full-fledged taxpayer real persons and that there is no exceptional earning in the distribution. Dividends will be distributed over the gross amounts to full-fledged taxpayer corporations and corporations who are limited taxpayers and acquire dividend through an office or permanent representative in Turkey.
***Profit for the period is 118.070.266 TL and (720.049) TL of this amount corresponds to non-controlling interests, therefore, net profit belonging to the equity holders of the parent in the amount of 118.790.315-TL was taken into consideration.
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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.