Summary Info
Dividend Distribution
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Board Decision Date
02.03.2018
Date of Related General Assembly
28.03.2018
Was The Issue of Dividend Payment Negotiated?
Discussed
Type of Cash Dividend Payment
Payment In Advance
Currency Unit
TRY
Type of Stock Dividend Payment
Will be paid
Amount and Rate of Cash Dividend Payment
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 (%)
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 (%)
A Grubu, İşlem Görmüyor, TREENKA00029
Payment In Advance
0,12
12
0,10912
10,912
B Grubu, ENKAI, TREENKA00011
Payment In Advance
0,12
12
0,10912
10,912
Cash Dividend Payment Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
Payment In Advance
17.04.2018
17.04.2018
19.04.2018
18.04.2018
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREENKA00029
1,015
8,69751
B Grubu, ENKAI, TREENKA00011
399.999.998,985
8,69565
Additional Explanations

Our Board of Directors resolved, after the analysis of Consolidated Balance Sheet and Profit – Loss statements for the year 2017, prepared in accordance with the Turkish Accounting Standards, to propose to the General Assembly to prepare the dividend distribution table from the Net Distributable Profit for the period from January 01, 2017 to December 31, 2017 as;

Advance Dividend paid to the share certificate holders 349,000,000 TL

To the share certificate holders (as Cash) 552,000,000 TL

To the share certificate holders (as Bonus issue) 400,000,000 TL

To the bonus certificate holders 32,348,238 TL

to distribute 552.000.000 TL cash dividend starting from April 17, 2018, by taking into account the legal status of the shareholders representing the 4,600,000,000 TL equity, as being 12.00% gross and 10.9120% net dividend

to add 400,000,000 TL which will be distributed as shares dividend to share capital

to allocate the remaining as extraordinary reserve fund after retaining the legal reserve.

This proposal has been approved by the General Assembly.



(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)

DIVIDEND DISTRIBUTION TABLE
ENKA İNŞAAT VE SANAYİ A.Ş. 01.01.2017/31.12.2017 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
4.600.000.000
2. Total Legal Reserves (According to Legal Records)
790.560.371
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
3.189.661.000
1.660.388.679
4. Taxes Payable (-)
587.529.000
79.009.902
5. Net Current Period Profit
2.567.736.000
1.581.378.777
6. Losses in Previous Years (-)
0
0
7. Primary Legal Reserve (-)
79.068.939
79.068.939
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT
2.488.667.061
1.502.309.838
Dividend Advance Distributed (-)
349.000.000
0
Dividend Advance Less Net Distributable Current Period Profit
2.139.667.061
0
9. Donations Made during the Year ( + )
18.869.948
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
2.158.537.009
0
11. First Dividend to Shareholders
0
0
* Cash
552.000.000
0
* Stock
170.000.000
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 None Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
32.348.238
0
15. Second Dividend to Shareholders
230.000.000
0
16. Secondary Legal Reserves
70.334.824
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. EXTRAORDINARY RESERVES
1.084.984.000
98.626.776
20. Other Distributable Resources
0
0
Dividend 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 (%)
A Grubu
2,08
1,01
0
0,265
26,5
B Grubu
819.314.469,03
399.999.998,99
49
0,265
26,5
TOTAL
819.314.471,11
400.000.000
49
0,265
26,5
Dividend Payment Table Explanation

349.000.000 TL out of 901.000.000TLcash dividend had been distributed as Advance Dividend of 2017 by applying a witholding tax of 15% further to the Board of Directors' resolution. For 552.000.000 TL gross, and 501.955.148 TL net which will be distributed from the year end profit, at a rate of 12,00% gross and 10,9120% net for each 1 TL nominal valued share, a witholding tax of 9,0661% will be applied.

To the holders of each Group A and Group B shares, Group B share dividend would be given in a rate of 8,6956%; as total amount 400.000.000 TL bonus share.

The secondary legal reserve of the advance dividend which was distributed within the year is included in secondary legal reserves in line 16.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)