Summary Info
General Assembly Approval Regarding Profit Distribution
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
08.03.2024
Date of Related General Assembly
04.04.2024
Was The Issue of Dividend Payment Negotiated?
Discussed
Type of Cash Dividend Payment
Cash Dividend Will Not Be Paid
Currency Unit
TRY
Stock Dividend
Will Not Be Paid
Cash Dividend Payment Amount and Rates
Share Group Info
Payment
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
Withholding Rate (%)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
ARCLK, TRAARCLK91H5
0,0000000
0
0
0,0000000
0
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
ARCLK, TRAARCLK91H5
0
0
Additional Explanations

Our Board of Directors made the following decision on the March 8, 2024;

a) The 5 % portion of legal reserves which has to be allocated according to Turkish Commercial Code Article 519, will not be allocated for 2023 since legal reserves amount as of 31.12.2023 according to Tax Procedure Law reached 20% of the capital.

b) According to Capital Markets regislation and Article 18 of the Company's Articles of Association, and the Dividend Distribution policy approved at the General Assembly on March 27, 2014, considering the current economic conditions and takes into account the company's investment and financing policies, aiming to increase free cash and strengthen liquidity, optimize financial expenses, and further solidify the balance sheet structure, we propose not to distribute dividend this year,

c) Leaving the amount of 9,283,212,750.33 TL, calculated according to VUK records, in the Prior Year Profits account due to the inflation adjustment of the current year's profit; transferring the net income of 7,667,335,809.37 TL in the financial statements prepared in accordance with TAS/TFRS principles to the Prior Years Profits.

The dividend distribution proposal has been approved by Shareholders. Furthermore, in accordance with the CMB's Announcement dated 07 March 2024, according to the financial statements prepared by VUK records, there was no net loss from previous years as a result of the inflation adjustment. Therefore, shareholders was informed that there was no situation requiring offset.


This statement has been translated intro English for informational purposes, in case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish versiyon shall prevail.


Supplementary Documents
Appendix: 1
Kar Dağıtım Tablosu_2023.pdf
Appendix: 2
Dividend Distrubution_2023.pdf
DIVIDEND DISTRIBUTION TABLE
ARÇELİK A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
675.728.205
2. Total Legal Reserves (According to Legal Records)
886.232.495,1
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
7.158.458.393,15
9.435.282.551,79
4. Taxes Payable (-)
1.236.951.725,29
152.069.801,46
5. Net Current Period Profit
7.667.335.809,37
9.283.212.750,33
6. Losses in Previous Years (-)
0
0
7. Primary Legal Reserve (-)
0
0
8. Net Distributable Current Period Profit
7.667.335.809,37
9.283.212.750,33
Dividend Advance Distributed (-)
0
0
Dividend Advance Less Net Distributable Current Period Profit
0
0
9. Donations Made During The Year ( + )
246.597.741,96
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
7.913.933.551,33
0
11. First Dividend to Shareholders
0
0
* Cash
0
0
* Stock
0
0
12. Dividend Distributed to Owners of Privileged Shares
0
0
13. Other Dividend Distributed
0
0
* To the Employees
0
0
* To the Members of the Board of Directors
0
0
* To Non-Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
0
0
15. Second Dividend to Shareholders
0
0
16. Secondary Legal Reserves
0
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. Extraordinary Reserves
7.667.335.809,37
9.283.212.750,33
20. Other Distributable Resources
0
0
Dividend Payment Rates Table
Share Group
CASH DIVIDEND AMOUNT (TL) - NET
STOCK DIVIDEND AMOUNT (TL)
TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -
0
0
0
0
0
TOTAL
0
0
0
0
0
Dividend Rate Table Explanations

(*) There is no privileged share group in the profit.