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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 21.03.2022 59. 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 1 January – 31 December 2021 fiscal year 1,041,523,170 TL consolidated net period profit and according to the Tax Procedure Law records 766,457,347 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, market expectations, 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 31.12.2021 in tax procedure law, no reserve will be funded for 2021 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,
500,000,000 TL first share profit to the shareholders,
49,880,000 TL second order general legal reserve,
allocation will be as above
to pay total of 500,000,000 TL as the dividend to shareholders in cash,
According to the records prepared in accordance with the Tax Procedure Law, a total of 500,000,000 TL first share profit to the shareholders and 49,880,000 TL Second Order General 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 216,577,347 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 491,643,170 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 2,083.333 % and 20.83333 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 1,875.000 % and 18.75000 TL net cash profit at 1 TL nominal value to one share register and setting the profit distribution date as of 28.03.2022 has accepted by 18,226,321.22 TL positive unanimous vote.
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DIVIDEND DISTRIBUTION TABLE
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OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş. 01.01.2021/31.12.2021 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 01.01.2021-31.12.2021 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 1.041.523.170 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 28.03.2022.
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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