Summary Info
Ordinary General Assembly Dividend Distribution Result
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
06.03.2024
Date of Related General Assembly
03.04.2024
Was The Issue of Dividend Payment Negotiated?
Discussed
Type of Cash Dividend Payment
Payment In Advance
Currency Unit
TRY
Stock Dividend
Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount
The current withholding tax rates for Group A and B shares, and for Group C shares, the rate in the Double Taxation Agreement are used.
Information Regarding How To Calculate That Lower Dividend Witholding Rate Than The Current Rate
Group B shareholders, resident in Turkey, are full taxpayer companies. Therefore, the withholding rate was applied as 0 (zero) percent, and for Group C shares, the rate in the Double Taxation Agreement was applied.
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 (%)
A Grubu, FROTO, TRAOTOSN91H6
Payment In Advance
43,3000000
4.330
10
38,9700000
3.897
B Grubu, İşlem Görmüyor, TREFRTO00011
Payment In Advance
43,3000000
4.330
0
43,3000000
4.330
C Grubu, İşlem Görmüyor, TREFRTO00029
Payment In Advance
43,3000000
4.330
5
41,1350000
4.113,5
Dividend Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
Payment In Advance
08.04.2024
08.04.2024
16.04.2024
15.04.2024
(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 (%)
A Grubu, FROTO, TRAOTOSN91H6
0
0
B Grubu, İşlem Görmüyor, TREFRTO00011
0
0
C Grubu, İşlem Görmüyor, TREFRTO00029
0
0
Additional Explanations

Board of Directors has decided; as per the attached Profit Distribution Proposal which prepared in accordance with the CMB's regulations, Article No.19 of the Articles of Incorporation of the Company and the investment and financing policies as stated in the updated Dividend Distribution Policy and considering the cash flow position it's resolved to present:

a. Not allocating the statutory legal reserves of 5% required by Article 519 of the Turkish Commercial Code for the year 2023, since the amount of statutory legal reserves available in the Tax Procedure Law records as of 31.12.2023 has reached the limit of 20% of the capital.

b. The distribution of dividends with a cash payment of TL 15,194,403,000 to the shareholders and allocation of TL 1,517,685,750 to the statutory legal reserves for the year 2023.

c. If the above profit distribution proposal is accepted by the General Assembly, the total amount of dividend to be paid to the shareholders, which is TL 15,194,403,000 and the amount of statutory Legal Reserves, which is TL 1,517,685,750, will be covered from the current year's profits prepared according to both TFRS and Tax Procedure Law.

d. Following the profit distribution, transferring TL 32,343,580,400 to retained earnings in the financial statements prepared according to TFRS, and leaving the remaining amount to be subjected to inflation adjustment according to the Tax Procedure Law as of 31.12.2023 in the sub-breakdown of Past Year Profits/Losses account.

e. Paying a cash dividend of TL 43.30 gross/net for each share with a nominal value of TL 1.00 to full taxpayers and non-resident corporate shareholders obtaining dividends through a permanent establishment or representative office in Turkey, and paying a cash dividend of TL 43.30 gross (4,330% gross) and TL 38.97 net (3,897% net) for each share with a nominal value of TL 1.00 to other shareholders.

f. To determine the dividend distribution date as April 8, 2024 is decided.


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.

Supplementary Documents
Appendix: 1
Kar Dağıtım Tablosu.pdf
Appendix: 2
Dividend Distribution.pdf
DIVIDEND DISTRIBUTION TABLE
FORD OTOMOTİV SANAYİ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
350.910.000
2. Total Legal Reserves (According to Legal Records)
1.720.120.380
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
47.428.332.895
32.017.901.771
4. Taxes Payable (-)
1.627.336.255
-133.641.671
5. Net Current Period Profit
49.055.669.150
31.884.260.100
6. Losses in Previous Years (-)
7. Primary Legal Reserve (-)
8. Net Distributable Current Period Profit
49.055.669.150
31.884.260.100
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
49.055.669.150
9. Donations Made During The Year ( + )
825.984.458
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
49.881.653.608
11. First Dividend to Shareholders
15.194.403.000
17.545.500
* Cash
15.194.403.000
17.545.500
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders
15.176.857.500
16. Secondary Legal Reserves
1.517.685.750
1.517.685.750
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves
32.343.580.400
15.172.171.350
20. Other Distributable Resources
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 (%)
A Grubu
2.700.149.749,82
5,5
38,97
3.897
B Grubu
5.974.845.304,05
12,18
43,3
4.330
C Grubu
5.923.318.107,13
12,07
41,135
4.113,5
TOTAL
14.598.313.161
29,76
Dividend Rate Table Explanations

1) There is no privileged share group in the profit.

2) The calculations have been based on the assumption that other A Group shareholders are subject to withholding tax.

3) The %0 withholding tax rate is used when calculating net dividend for all of group B shares which belong to our taxpayer legal entity partners Koç Holding A.Ş and Temel Ticaret A.Ş.

4) The 5% withholding tax rate is used when calculating net dividend for all of group C shares which belong to our limited taxpayer partner Ford Deutschland Holding GmbH.