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Summary Info
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General Assembly decision regarding the dividend distribution
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Update Notification Flag
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Yes
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Decision Date
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25.03.2022
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Date of Related General Assembly
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21.04.2022
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Was The Issue of Dividend Payment Negotiated?
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Discussed
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Type of Cash Dividend Payment
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Cash Dividend Will Not Be Paid
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Currency Unit
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TRY
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Stock Dividend
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Will Not Be Paid
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Cash Dividend Payment Amount and Rates
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
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MGROS, TREMGTI00012
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0,0000000
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0
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0
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0,0000000
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0
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Amount of Stock Dividend (TL)
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Rate of Stock Dividend (%)
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MGROS, TREMGTI00012
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0
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0
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In the General Assembly Meeting on 21 April 2022, t
he General Assembly discussed the Board of Directors' dividend distribution proposal. Accordingly;
Within the Communiqué of Capital Markets Board (CMB) No. II–19.1 and in accordance with our articles of association and dividend distribution policies that were disclosed to public by our company, the Company recorded TL 358,880,830.86 net profit in 2021 consolidated financial statements prepared in accordance with CMB legislation.
Considering the fact that there are not any net distributable profit due to the losses from prior years, it was
resolved not to distribute
dividend for 2021 fiscal year.
This decision will provide a robust balance sheet structure and to manage the cash flow more efficiently for the upcoming years. The Company plans to use this profit to finance its working capital and capital expenditure requirements in the future.
Since the legal limit has been reached, the allocation of primary reserve is not required.
(In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)
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Appendix: 1
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Migros Kar Dagitim Tablosu 2021.pdf
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Appendix: 2
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Migros Dividend Distribution Table 2021.pdf
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DIVIDEND DISTRIBUTION TABLE
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MİGROS TİCARET A.Ş. 01.01.2021/31.12.2021 Period Dividend Payment Table (TL)
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1.Paid-In / Issued Capital
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181.054.233
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2. Total Legal Reserves (According to Legal Records)
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462.137.812,74
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Information on privileges in dividend distribution, if any, in the Articles of Association:
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-
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*
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Based on CMB Regulations
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Based on Legal Records
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3. Current Period Profit
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226.164.750,84
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424.734.529,81
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4. Taxes Payable (-)
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132.716.080,02
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-159.103.538,62
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5. Net Current Period Profit
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358.880.830,86
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265.630.991,19
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6. Losses in Previous Years (-)
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-914.843.318,15
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-1.203.452.679,08
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7. Primary Legal Reserve (-)
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0
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0
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8. Net Distributable Current Period Profit
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-555.962.487,3
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-937.821.687,89
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Dividend Advance Distributed (-)
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0
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0
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Dividend Advance Less Net Distributable Current Period Profit
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0
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0
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9. Donations Made During The Year ( + )
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725.378,62
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0
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10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
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-555.237.108,68
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0
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11. First Dividend to Shareholders
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0
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0
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* Cash
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0
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0
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* Stock
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0
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0
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12. Dividend Distributed to Owners of Privileged Shares
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0
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0
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13. Other Dividend Distributed
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0
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0
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* To the Employees
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0
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0
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* To the Members of the Board of Directors
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0
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0
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* To Non-Shareholders
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0
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0
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14. Dividend to Owners of Redeemed Shares
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0
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0
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15. Second Dividend to Shareholders
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0
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0
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16. Secondary Legal Reserves
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0
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0
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17. Statutory Reserves
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0
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0
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18. Special Reserves
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0
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0
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19. Extraordinary Reserves
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0
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0
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20. Other Distributable Resources
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0
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0
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Dividend Payment Rates Table
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CASH DIVIDEND AMOUNT (TL) - NET
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STOCK DIVIDEND AMOUNT (TL)
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TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
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- - -
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0
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0
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0
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0
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0
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TOTAL
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0
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0
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0
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0
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0
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