|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash Dividend Payment Amount and Rates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash Dividend Payment Time Interval
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Amount and Rate of Cash Dividend Stock Dividend Payment
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Additional Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
In consideration of the relevant provisions of the Turkish Commercial Code ("TCC"), Capital Markets Legislation and Capital Markets Board ("CMB") Regulations, Corporate Tax Code, Income Tax Code and other applicable laws and regulations, the Company's Articles of Association, and the Company's Dividend Distribution Policy,
-
According to the Consolidated Financial Statements for the accounting period from 01.01.2022 to 31.12.2022, prepared by the company and independently audited within the scope of the Capital Markets Board's (CMB) "Communiqué on Principles of Financial Reporting in Capital Markets" ("Communiqué") II.14.1 and in compliance with Turkish Accounting Standards ("TAS") and Turkish Financial Reporting Standards ("TFRS") promulgated by the Public Oversight, Accounting and Auditing Standards Authority of Turkey ("POA"), in the formats determined by POA; a "Net Period Profit" of TL 1,043,955,935.00 has been calculated by taking into account "Deferred Tax Income" and "Tax Expense for the Period" and a "Net Distributable Period Profit" of TL 1,030,459,739.92 has been calculated for the period from 01.01.2022 to 31.12.2022 after setting aside 19,243,701.08, calculated according to Article 519 Sub-article (1) of TCC, as "General Legal Reserves" and adding TL 5,747,506.00, the amount of "Donations made in 2022;
-
Within the scope of Tax Legislation and according to the Statutory Accounting Records kept in compliance with the Uniform Chart of Accounts, promulgated by the Turkish Ministry of Finance (with the "General Communiqué on Accounting System Implementation"), a "Net Period Profit" of TL 384,874,021.54 has been calculated for the period from 01.01.2022 to 31.12.2022 after setting aside "Tax Expense for the Period" and a "Net Distributable Period Profit" of TL 365,630,320.46 has been calculated after setting aside TL 19,243,701.07, calculated according to Article 519 Sub-article (1) of TCC, as "General Legal Reserves".
Accordingly, members of the Board of Directors present in this meeting have unanimously resolved to present the following decisions to the General Assembly for approval:
-
To take the Legal Accounting Records for the fiscal year from 01.01.2022 to 31.12.2022 as basis for profit distribution,
-
To distribute a First Dividend of TL 26,739,572.88, which corresponds to 5% of the issued capital, of the "Net Distributable Period Profit" of TL 365,630,320.46 for the year 2022, as shown in the Statutory Accounting Records,
-
To distribute a Second Dividend of TL 248,260,427.12, by taking the full net distributable period profit as basis for distribution after setting aside the "General Legal Reserves" in the amount of TL 30,808,249.78 pursuant to Article 519 Sub-article 2 Paragraph (c) of TCC,
-
In compliance with Merkezi Kayıt Kuruluşu A.Ş.'s "fraction" rules in effect on the date profit share distribution starts, to distribute in cash a profit share of total gross TL 275,000,000.00, which corresponds to 51.42% of the "Issued Capital," and net TL 247,500,000.00, and to start paying out the dividends by May 31, 2023 at the latest,
-
After setting aside the aforementioned legal and special reserves according to the consolidated financial statements, prepared in compliance with TAS and TFRS and within the framework of CMB and POA regulations, to register the non-distributable amount of TL 718,903,984.14 in the "Retained Profits and Losses" account, and after setting aside the aforementioned legal and special reserves according to the Statutory Accounting Records, to register the non-distributable amount of TL 59,822,070.68 in the "Retained Profits and Losses" account.
This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIVIDEND DISTRIBUTION TABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
GALATA WIND ENERJİ A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Payment Rates Table
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|