Summary Info
Advance Dividend Payment
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Board Decision Date
05.11.2024
Date of General Assembly Related To Advance Dividend Payment
16.04.2024
Related Interim Period
01.01.2024 / 30.09.2024
Ex-Dividend Date
13.11.2024
Payment Date
15.11.2024
Record Date
14.11.2024
Currency Unit
TRY
Share Group Info
Advance Dividend To Be Paid For Share With Par Value Of 1 TL - Gross (TL)
Advance Dividend To Be Paid For Share With Par Value Of 1 TL - Gross (%)
Withholding Rate (%)
Advance Dividend To Be Paid For Share With Par Value Of 1 TL - Net (TL)
Advance Dividend To Be Paid For Share With Par Value Of 1 TL - Net (%)
MGROS, TREMGTI00012
2,8720676
287,20676
10
2,5848608
258,48608

ADVANCE DIVIDEND DISTRIBUTION TABLE
MİGROS TİCARET A.Ş. 01.01.2024 / 30.09.2024 Period Advanced Dividend Distribution Table (TL)
1.Current Period Profit
7.276.013.000
2.Taxes Payable (-)
1.844.960.000
3.Net Current Period Profit
5.278.017.000
4.Losses in Previous Years (-)
0
5.Primary Legal Reserve (-)
0
6.NET DISTRIBUTABLE CURRENT PERIOD PROFIT
5.278.017.000
7.Reserve As To Articles of Association (-)
0
8.Reserve for Privileged Shares (-)
0
9.AMOUNT CONSTITUTE THE BASIS OF ADVANCE DIVIDEND DISTRIBUTION
5.278.017.000
10.Amount of Advance Dividend
520.000.000
11.Amount of Advance Dividend Payment on Previous Interim Periods (-)
0
12.Primary Legal Reserve
51.094.729
13.NET CURRENT PERIOD PROFIT AFTER ADVANCE DIVIDEND PAYMENT
4.706.922.271
Additional Explanations

At the General Assembly meeting of our Company on 16.04.2024, Migros Board of Directors was authorized to determine whether or not to distribute advance dividend up to the amount permitted by the relevant legislation in case there is distributable profit for the fiscal year 2024 by taking into consideration the relevant regulatory framework and our Company's articles of association.

Migros Board of Directors resolved;

  • to distribute advance gross dividends of TL 520,000,000 to be fully paid in cash from the net profit for the interim period 01.01.2024-30.09.2024 according to the consolidated financial statements of the Company, after allocating legal reserves.
  • to pay advance dividend TL 2.8720676 gross=net for shares at the nominal value of TL 1 for our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey,
  • to pay advance gross dividend of TL 2.8720676 and net dividend of TL 2.5848608 (by deducting 10% withholding tax) cash for shares at the nominal value of TL 1 for our other shareholders,
  • to start the advance dividend distribution on 13 November 2024.

Migros Board of Directors also decided to offset the advance dividends to be distributed from the resources that can be subject to dividend distribution in the annual financial statements for the fiscal year 2024 in case there is insufficient profit or loss at the end of the fiscal year 2024.


(In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)