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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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With the decision of the Board of Directors of our company dated February 23, 2021 and numbered 2021/7, According to our financial statements for the period of 01.01.2020-31.12.2020 which are prepared in compliance with the Turkish Accounting Standards pursuant to the "Communiqué About Guidelines For Financial Reporting in Capital Market" Serial No II, Article No 14.1 of Capital Market Board, and are audited by KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., TL 179.930.044,00 consolidated profit has been obtained. At the end of the negotiations, the approval of the profit distribution table for 2020 as attached, It has been resolved that; the net distributable profit of TL 152.970.598,00, reached after deducting the reserves stipulated in CMB communiqués and in article 35 of our Articles of Association, shall not be subject to distribution, in order to improve the financial flexibility of the Company as per the recent global economic conditions experienced and it shall be reserved as Extraordinary Reserves and to suggest this issue to Ordinary General Meeting Assembly which will held on March 24th, 2021, and with the distribution to be executed as mentioned above, TL 16.432.501,66 which is calculated as the period loss in accordance with Tax Procedure Law, is decided to be classified as retained earnings (losses). Annex: Kordsa Teknik Tekstil A.Ş. 2020 Profit Distribution Table, Dividend Shares Table.
March 24th, 2021 It has been decided that all distributable consolidated profit for the year 2020 shall be reserved as Extraordinary Reserve and the Loss as per Tax Procedure Law shall be as Retained Earnings (Losses) at the 2020 Ordinary General Assembly Meeting held on March 24th, 2021.
Annex: Kordsa Teknik Tekstil A.Ş. 2020 Profit Distribution Table, Dividend Shares Table.
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DIVIDEND DISTRIBUTION TABLE
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KORDSA TEKNİK TEKSTİL 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.