|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash Dividend Payment Amount and Rates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Dates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Additional Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Our Board of Directors, in its meeting on 6 March 2025, resolved to submit the following decisions to the approval of the Shareholders General Assembly: The net profit attributable to equity holders of the parent achieved in the financial statements prepared according to TFRS amounts to 1.306.263.000 TL whereas in the statutory records the current year profit amounts to 35.195.056.460,88 TL. i. As the amount of legal reserves in the Company's statutory records stated under article 519 of Turkish Commercial Code already amounts to 20% of the capital, it is not required to allocate any further legal reserves; It was observed that in the statutory financial statements the net distributable profit amounts to 35.159.289.261,60 TL after deduction of Prior Years Commercial Losses amounting to 35.767.199,28 TL from the Current Year Profit of 35.195.056.460,88 TL. Besides the Prior Years Commercial Losses, following implementation of inflation accounting in the statutory financial statements, the Prior Years Profits/(Losses) account has a 73.040.180.169,86 TL balance; yet the Inflation Adjustment Reserves associated with equity accounts are sufficient to offset the negative balance of 73.040.180.169,86 TL. Accordingly, in the statutory financial statements, the net distributable profit amounts to 35.159.289.261,60 TL. The net profit attributable to equity holders of the parent achieved in the consolidated financial statements amounting to 1.306.263.000 TL is determined as the distributable dividend base and 1.386.911.547,80 TL is determined as the first category dividend base after addition of donations made to foundations and associations amounting to 80.648.547,80 TL (according to the purchasing power of the Turkish Lira on 31 December 2024) to distributable dividend base. The prior years' profits account in the consolidated financial statements amount to 470.474.360.000 TL. ii. Considering the Capital Markets Board Regulations, the Company's Articles of Association and the Dividend Policy, the profit distribution is determined as: - 69.345.577,39 TL as first category dividend to shareholders, - 23.000.000,00 TL to the Koç Holding Pension Fund Foundation as per article 19/c of our Articles of Association, - 35.384.042,93 TL to holders of usufruct certificates as per article 19/d of our Articles of Association, - 1.178.533.379,68 TL as second category dividend to shareholders, - 16.199.099.626,93 TL a s dividends to shareholders from retained earnings. iii. The sum of dividend amounting to 17.446. 978.584,00 TL is proposed to be paid in cash; iv. Dividend payments of 17.446.978.584,00 TL, payment of 35.384.042,93 TL allocated to usufruct shareholders and payment of 23.000.000,00 TL allocated to the Koç Holding Pension Fund Foundation, amounting to a total of 17.505.362.626,93 TL will be paid in cash; of which 1.306.263.000,00 TL will be paid from the current year taxable earnings and the remaining 16.199.099.626,93 TL will be paid from the retained earnings in the TFRS financial statements. v. As per the statutory records, Prior Years Commercial Losses amounting to 35.767.199,28 TL shall be offset with Current year profit; whereas no setoff shall be made amongst the equity account items related to the effects of inflation accounting due to tax regulations and as such; total cash payments of 17.505.362.626,93 TL shall be paid from the current year taxable earnings. vi. It is further resolved that the dividend will be distributed in cash to the resident entity taxpayer shareholders and non-resident taxpayer shareholders obtaining dividend income through an office or a permanent representative in Turkey as (gross=net) 6,88 TL for shares with a nominal value of 1 TL (688%) and, to our remaining shareholders as gross 6,88 TL (5,8480 TL net) for shares with a nominal value of 1 TL (gross: 688%; net: 584,8%). vii. The remaining amount after all payments in statutory records shall be transferred to extraordinary reserves. viii. The profit distribution date is determined as 10 April 2025.
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.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIVIDEND DISTRIBUTION TABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
KOÇ HOLDİNG A.Ş. 01.01.2024/31.12.2024 Period Dividend Payment Table (TL)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Payment Rates Table
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Rate Table Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(*) No withholding tax is calculated for all of Group A shareholders and some of Group B shareholders who are known as full-fledged legal entity tax payers. The calculations have been based on the assumption that other B Group shareholders are subject to withholding tax.
|