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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 the the meeting of our Board of Directors dated 12nd March 2021;
It was determined that our company's net distributable profit including donations of the period as of 31st December 2020 was TL 301,245,713 as per the consolidated financial statements issued pursuant to the "Communique on Principles Related to Financial Reporting in the Capital Markets" numbered II-14.1 of the Capital Markets Board ("CMB") and were independently audited, and TL 395,639,566 as per the financial statements issued according to the legal records.
In terms of the distribution of the profit pertaining to the year 2020, the distributable net profit of the relevant period included in the consolidated financial statements was taken as the basis for the profit distribution in accordance with the regulations of the CMB on profit distribution, Article 26 of our Articles of Association and the principles indicated in our Profit Distribution Policy; and it was decided that the profit distribution model as set forth below shall be submitted to the General Assembly.
Accordingly, it was decided that the following proposals shall be submitted to our partners in the Ordinary General Assembly Meeting pertaining to the year of 2020;
1) to distribute cash dividend of TL 150,757,200 corresponding to 22% of the issued capital of our company,
2) to pay dividend of gross 22% in cash to a share of TL 1 nominal value, the net amount of profit found, after deducting the withholding rates set forth in the tax laws, to our full taxpayer real person partners and to our limited taxpayer real and legal person partners,
3) to transfer the balance amount of TL 233,232,946 found after deducting the legal obligations and the forecasted dividend to be distributed from the pre-tax period profit of TL 475,820,572 accrued according to the legal records, to the Extraordinary Reserves,
4) and to commence the distribution on April 26, 2021.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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DIVIDEND DISTRIBUTION TABLE
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EİS ECZACIBAŞI İLAÇ, SINAİ VE FİNANSAL YATIRIMLAR 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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In the calculation of the net dividend amount, the withholding rate of Income Tax has been assumed as 15%.
Pursuant to the Board of Directors' resolution dated October 27, 2020, it was resolved that transfer of 75% of the share sales profit, amounting to TL 384,778, arising from sale of our stake by 2.99664% held in Eczacıbaşı Monrol Nükleer Ürünler Sanayi ve Ticaret A.Ş. to special fund account in order to take advantage of the exemption specified in clause (e), paragraph (1), article 5 of the Corporate Tax Law no. 5520. This amount has been incorporated into Legal Profit for the Period (on which 5% general legal reserve calculation is based) within the "Based on Legal Records" column on the table and as the relevant exempted profit amount has been transferred to the mentioned fund account, it has not been taken into consideration for subsequent calculations in legal records (Tax Procedure Law).
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