Summary Info
Dividend Distribution
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Board Decision Date
05.03.2019
Date of Related General Assembly
28.03.2019
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 Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount
Lower rate was applied because of the earnings related to investment allowance exemption.
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 (%)
ENKAI, TREENKA00011
Payment In Advance
0,15
15
0,136713
13,6713
Cash Dividend Payment Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
Payment In Advance
17.04.2019
17.04.2019
19.04.2019
18.04.2019
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
ENKAI, TREENKA00011
0
0
Additional Explanations

Our Board of Directors resolved, after the analysis of Consolidated Balance Sheet and Profit – Loss statements for the year 2018, 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, 2018 to December 31, 2018 as;

Advance Dividend paid in 2018 to the shareholders 200.000.000 TL

First dividend to shareholders (as Cash) 750.000.000 TL

To the bonus certificate holders 34.183.572 TL

to distribute 750.000.000 TL cash dividend starting from April 17, 2019, by taking into account the legal status of the shareholders representing the 5.000.000.000 TL equity, as being 15,00% gross and 13,6713% net dividend, and

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. 01.01.2018/31.12.2018 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
5.000.000.000
2. Total Legal Reserves (According to Legal Records)
939.964.134
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
2.235.671.000
1.523.846.208
4. Taxes Payable (-)
622.408.000
44.076.783
5. Net Current Period Profit
1.582.042.000
1.479.769.426
6. Losses in Previous Years (-)
0
0
7. Primary Legal Reserve (-)
73.988.471
73.988.471
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT
1.508.053.529
1.405.780.954
Dividend Advance Distributed (-)
200.000.000
0
Dividend Advance Less Net Distributable Current Period Profit
1.308.053.529
0
9. Donations Made during the Year ( + )
18.312.311
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
1.326.365.840
0
11. First Dividend to Shareholders
0
0
* Cash
750.000.000
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 None Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
34.183.572
0
15. Second Dividend to Shareholders
0
0
16. Secondary Legal Reserves
73.418.357
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. EXTRAORDINARY RESERVES
450.451.600
348.179.026
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 (%)
- - -
865.850.966,68
0
57,42
0,17317
17,31702
TOTAL
865.850.966,68
0
57,42
0,17317
17,31702
Dividend Payment Table Explanation

200.000.000 TL out of 950.000.000TL cash dividend had been distributed as Advance Dividend of 2018 by applying a witholding tax of 15%. For 750.000.000 TL gross, and 683.566.553 TL net dividend which will be distributed from the year end profit, at a rate of 15,00% gross and 13,6713% net for each 1 TL nominal valued share, a witholding tax of 8,8578% will be applied.

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.)