Summary Info
Dividend Distribution
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
04.03.2020
Date of Related General Assembly
27.03.2020
Was The Issue of Dividend Payment Negotiated?
Discussed
Type of Cash Dividend Payment
Payment In Advance
Currency Unit
TRY
Stock Dividend
Will 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.
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 (%)
ENKAI, TREENKA00011
Payment In Advance
0,1800000
18
8,834744
0,1640974
16,40974
Dividend Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
Payment In Advance
14.04.2020
14.04.2020
16.04.2020
15.04.2020
(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
ENKAI, TREENKA00011
600.000.000
12
Additional Explanations

Our Board of Directors resolved, after the analysis of Consolidated Balance Sheet and Profit – Loss statements for the year 2019, 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, 2019 to December 31, 2019 as;

Advance Dividend paid to the share certificate holders 700,000,000 TL

To the share certificate holders (as Cash) 900,000,000 TL

To the bonus certificate holders 40,488,673 TL

To the share certificate holders (as Bonus issue) 600,000,000 TL

to distribute 900.000.000 TL cash dividend starting from April 14, 2020, by taking into account the legal status of the shareholders representing the 5.000,000,000 TL equity, as being 18.00% gross and 16,409746% net dividend

to add 600,000,000 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. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
5.000.000.000
2. Total Legal Reserves (According to Legal Records)
1.364.897.663
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
4.499.282.000
2.579.245.136
4. Taxes Payable (-)
630.569.000
63.614.639
5. Net Current Period Profit
3.888.760.000
2.515.630.498
6. Losses in Previous Years (-)
0
0
7. Primary Legal Reserve (-)
125.781.525
125.781.525
8. Net Distributable Current Period Profit
3.762.978.475
2.389.848.973
Dividend Advance Distributed (-)
700.000.000
0
Dividend Advance Less Net Distributable Current Period Profit
3.062.978.475
0
9. Donations Made During The Year ( + )
17.253.589
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
3.080.232.064
0
11. First Dividend to Shareholders
1.850.000.000
0
* Cash
1.600.000.000
0
* Stock
250.000.000
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 Non-Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
40.488.673
0
15. Second Dividend to Shareholders
350.000.000
0
16. Secondary Legal Reserves
139.048.867
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. Extraordinary Reserves
1.383.440.935
10.311.433
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 (%)
- - -
1.458.644.083
600.000.000
54,71
0,4117288
41,17288
TOTAL
1.458.644.083
600.000.000
54,71
0,4117288
41,17288
Dividend Rate Table Explanations

700.000.000 TL out of 1.600.000.000TL cash dividend had been distributed as Advance Dividend of 2019 by applying a witholding tax of 15%. For 900.000.000 TL gross, and 820.487.296,64 TL net dividend which will be distributed from the year end profit, at a rate of 18,00% gross and 16,409746% net for each 1 TL nominal valued share, a witholding tax of 8,834744% will be applied.

To the holders dividend would be given in a rate of 12%; as total amount 600.000.000 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.)