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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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Otokar Otomotiv ve Savunma Sanayi A.Ş., dated 17.03.2021. 58. Ordinary General Assembly meeting minutes
the article regarding dividend distribution is given below;
According to our financial tables which are audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik. A.Ş. and based on Turkish Financial Reporting Standards (TFRS) relating to the January 1st – December 31st 2020 fiscal year 618,267,060 TL consolidated net period profit and according to the Tax Procedure Law records 597,576,485 TL current year profit was obtained and profit distribution suggestion of Board of Directors prepared in compliance with the Profit Distribution Table in the Profit Share Guide declared in accordance with the II-19.1 Dividend Communique by considering Profit Distribution Policy, long term company strategy, capital requirements of our company, investment and finance policies, profitability and cash status.
As the contingency reserve has reached 20 % limit of the capital which exist in the registries as of the 31.12.2020 in tax procedure law, no reserve will be funded for 2020 in compliance with the Article 519 Turkish Commercial Code for the legal reserve which have to be reserved with the rate of % 5,
as stated in the profit distribution table in the annex in compliance with the Capital Market Board, Article 19th of Articles of Association of our Company and Profit Distribution Policy of our Company which was certified by the shareholders in the General Meeting that was held on 28.03.2014; in compliance with the Company's long-term strategy, investment and financing policies, profitability and cash status;
From the current year profit,
311,452,407 TL first share profit to the shareholders,
88,547,593 TL second share profit to shareholders,
39,880,000 TL legal reserves
allocation will be as above
to pay total of 400,000,000 TL as the dividend to shareholders in cash,
According to the records prepared in accordance with the Tax Procedure Law, a total of 400,000,000 TL first share profit to the shareholders and 39,880,000 TL Legal Reserves, to be fully paid by current year's profit,
the profit share paid to the shareholders from the current year profit in accordance to the Tax Procedure Law and the Legal Reserves, the allocation of the remaining 157,696,485 TL shall reserve as an extraordinary reserves; the balance in the financial statements prepared in accordance with the Turkish Financial Reporting Standards (TFRS) principle shall be calculated as TL 178,387,060 and transferred to previous year's profit,
to pay cash profit to full-fledged taxpayers and foreign-based taxpayers that make profit via business or permanent representative in Turkey with the rate of 1,666.67 % and 16.66667 TL gross=net profit at 1,00 TL of nominal value to one share register and to pay cash profit to other shareholders with the rate of 1,416.667 % and 14.16667 TL net cash profit at 1 TL nominal value to one share register and setting the profit distribution date as of 24.03.2021 has accepted by 18,134,626.67 TL positive unanimous vote.
The cash dividend payment date has been entered in the relevant field in the template.
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DIVIDEND DISTRIBUTION TABLE
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OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş. 01.01.2020/31.12.2020 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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According to the consolidated financial statements for the 01.01.2020-31.12.2020 accounting period, which are prepared in compliance with the Turkish Financial Reporting Standards (TFRS) pursuant to Capital Markets Board's (CMB) "Communiqué on the Principles Financial Reporting in Capital Markets", numbered II-14.1, and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a net profit of TL 618.267.060 has been posted for the parent company. The dividend distribution proposal, prepared by taking into account the long-term corporate strategy, capital requirements, investments and financing policies, profitability and cash position of the company, is presented below. If the proposal is approved with the decision of the General Assembly, the dividend payment will start on 24.03.2021.
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.
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