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Cash Dividend Payment Amount and Rates
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Dividend Dates
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(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
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(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
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(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
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(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Additional Explanations
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Our Company's Board of Directors convened at the Company headquarters on the above-mentioned date to discuss the following matters. Following the review of our financial statements for the fiscal year 01.01.2023-31.12.2023, prepared in accordance with the Turkish Accounting/Financial Reporting Standards (TMS/TFRS) as per the provisions of the Turkish Commercial Code and the Capital Markets Board's Communiqué No: II, 14.1, and our financial statements prepared in accordance with the records kept under the Tax Procedure Law (VUK).
1) According to the financial statements prepared in accordance with TFRS, the net profit for the period attributable to the parent company is TL 431,000,170.00, and according to the VUK records, the current year's profit is TL 356,558,597.01.
a) According to the financial statements prepared in accordance with TFRS, after allocating the statutory reserve of TL 17,827,929.85 as required by Article 519 of the Turkish Commercial Code from the net profit for the period attributable to the parent company amounting to TL 431,000,170.00, the net distributable profit for the period amounts to TL 413,172,240.15. After adding the donations made during the relevant period, the net distributable profit, including donations, is found to be TL 416,693,816.52. Accordingly;
b) Regarding the distribution of profits for the year 2023, in accordance with the Turkish Commercial Code (TCC), Capital Markets Legislation, Capital Markets Law (CML), Capital Markets Board (CMB) Regulations/Decisions, Corporate Income Tax Law, Income Tax Law, Tax Procedure Law (TPL), and other relevant legal provisions, as well as the applicable provisions of our Company's Articles of Association and Profit Distribution Policy; considering our Company's long-term strategies, investment and financing policies, profitability, and cash position;
- To distribute a gross dividend of TL 30,000,000.00 to the shareholders in cash
- Withholding income tax at a rate of 10%, depending on the legal status of our shareholders,
- To set aside the legal reserves, if any, required to be set aside pursuant to the laws, communiqués, articles of association and other legislation,- Allocating the remaining amount as Extraordinary Reserves,
- Commencing the eligibility for cash dividend payments starting September 5, 2024.
2) Presenting our Board of Directors' proposal for the distribution of dividends to our General Assembly for approval,
3) Through a majority vote it has been decided to publicly disclose our decision regarding this dividend distribution proposal and the 2023 dividend distribution table prepared in accordance with Capital Markets Board regulations is attached with this decision.
Due to our capital increase transaction, the existing dividend distribution rates and dividend distribution table have been updated and there has been no change in the amount of dividend distribution.
A Turkish and English translations of this statement are available, and in case of any conflict between the Turkish and English versions of this statement, the Turkish version will prevail.
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DIVIDEND DISTRIBUTION TABLE
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KONTROLMATİK TEKNOLOJİ ENERJİ VE MÜHENDİSLİK A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)
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Dividend Payment Rates Table
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Dividend Rate Table Explanations
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(*) The company's net profit for the period is 430,537,093 TL, of which 463,077 TL is attributable to non-controlling interests. Therefore, the net profit attributable to the parent company is 431,000,170 TL. (**) Since there is no preferred share group in the profit, no separate classification has been made for the group. (***) The ratio of distributed dividend to net distributable profit (****) has been calculated assuming that the dividend is distributed to fully taxable individual shareholders, and there is no exempted gain in the distribution, based on the Presidential Decree dated 22/12/2021 with decision number 2021/4936, applying a withholding tax rate of 10%. Gross dividend per share amounts have been adjusted to their net values accordingly. A Turkish and English translations of this statement are available, and in case of any conflict between the Turkish and English versions of this statement, the Turkish version will prevail. |