Summary Info
Board of Directors' resolution for dividend distribution
Update Notification Flag
No
Correction Notification Flag
Yes
Postponed Notification Flag
No
Reason of Correction
Correction regarding SDIF Fund approval phrase
Decision Date
03.05.2024
Date of Related General Assembly
27.05.2024
Type of Cash Dividend Payment
Payment In Advance
Currency Unit
TRY
Stock Dividend
Will be paid
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, İşlem Görmüyor, TREKCAE00022
Payment In Advance
0,1520750
15,2075
10
0,1368675
13,68675
B Grubu, İşlem Görmüyor, TREKCAE00014
Payment In Advance
0,1520750
15,2075
10
0,1368675
13,68675
C Grubu, KCAER, TREKCAE00030
Payment In Advance
0,1520750
15,2075
10
0,1368675
13,68675
Cash Dividend Payment Time Interval
First Ex-Date Possible (Proposed)
Last Ex-Date Possible (Proposed)
First Ex-Date Possible (Approved by General Assembly)
Last Ex-Date Possible (Approved by General Assembly)
03.07.2024
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, TREKCAE00022
65.251.214
54,64716
B Grubu, İşlem Görmüyor, TREKCAE00014
65.251.214
54,64716
C Grubu, KCAER, TREKCAE00030
228.840.937
54,64716
Supplementary Documents
Appendix: 1
Kocaer Çelik A.Ş. Kar Payı Dağıtım Tablosu.pdf
DIVIDEND DISTRIBUTION TABLE
KOCAER ÇELİK SANAYİ VE TİCARET A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
657.570.000
2. Total Legal Reserves (According to Legal Records)
88.323.734
Information on privileges in dividend distribution, if any, in the Articles of Association:
None
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
1.362.506.269
1.185.789.540
4. Taxes Payable (-)
176.988.414
208.405.114
5. Net Current Period Profit
1.186.704.182
977.384.426
6. Losses in Previous Years (-)
428.996.391
7. Primary Legal Reserve (-)
88.323.734
88.323.734
8. Net Distributable Current Period Profit
1.098.380.448
460.064.302
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )
3.081.160
3.081.160
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
1.101.461.608
463.145.462
11. First Dividend to Shareholders
459.343.365
459.343.365
* Cash
100.000.000
100.000.000
* Stock
359.343.365
359.343.365
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
16. Secondary Legal Reserves
64.211.824
380.210
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves
574.825.259
340.727
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
16.342.612,36
65.251.214
7,41
0,6833
68,33
B Grubu
16.342.612,36
65.251.214
7,41
0,6833
68,33
C Grubu
57.314.775,28
228.840.937
25,98
0,6833
68,33
TOTAL
90.000.000
359.343.365
40,8
Dividend Rate Table Explanations

At the Board of Directors Meeting of our company dated May 3, 2024 and numbered 2024/5; below decisions have been taken:

The Company's net profit for the period attributable to the parent company in the consolidated financial statements prepared in accordance with the provisions of the Capital Markets Board Communiqué Serial: XI No: 29 is TRY 1,186,704,182 and the net profit for the period in the financial statements prepared in accordance with the Corporate Tax Declaration for the period 2023 prepared in accordance with the provisions of the Tax Procedure Law is TRY 977,384,426.

Since the total amount of First Legal Reserves allocated in accordance with the Turkish Commercial Code is TRY 88,323,734 and the said amount does not reach 20% of the issued capital, it is decided to allocate TRY 88,323,734 First Legal Reserves from the net profit for the period of TRY 977,384,426 in our financial statements prepared in accordance with the provisions of the Tax Procedure Law,

From the net profit for the period belonging to the parent company amounting to TRY 1,186,704,182 in our consolidated financial statements prepared in accordance with the provisions of the Capital Markets Board Communiqué Serial: XI No: 29; after setting aside TRY 88,323,734 First Legal Reserves in accordance with the Turkish Commercial Code, the remaining TRY 1,101,461,608 TL amount, which is reached by adding TRY 3,081,160 Donations and Aids made in 2023 to the TRY 1,098,380,448 Distributable Net Profit for the Period; TRY 100,000,000 in cash and TRY 359,343,365 in shares by adding to the capital, in total TRY 459,343,365 to be distributed as First Dividend, at the rate of %41.70,

Since the amount of cash first dividend to be distributed to the shareholders is more than 5% of the issued capital, Second Legal Reserves amounting to TRY 380,210 shall be set aside in accordance with the provisions of the Turkish Commercial Code,

According to our legal records, the remaining profit of TRY 340,727 shall not be distributed and shall be set aside as Extraordinary Reserves,

To pay the cash dividend until July 3, 2024 at the latest,

To submit all these matters to the approval of our shareholders at our Company's Ordinary General Assembly Meeting for the year 2023.

It is announced to the public with respect.