Summary Info
2023 Dividend Distribution Proposal
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
29.02.2024
Type of Cash Dividend Payment
Payment In Advance
Currency Unit
TRY
Stock Dividend
Will Not Be Paid
Cash Dividend Payment Amount and Rates
Share Group Info
Payment
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
Withholding Rate (%)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
OTKAR, TRAOTKAR91H3
Payment In Advance
6,0000000
600
10
5,4000000
540
Dividend Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
Payment In Advance
03.04.2024
05.04.2024
04.04.2024
(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
OTKAR, TRAOTKAR91H3
0
0
Additional Explanations
At the Board of Directors Meeting of our Company which held on 29.02.2024, the following issue was decided to be submitted to shareholders' approval at the Annual General Meeting of the company which is foreseen to be held during March, 2024. Distribution of totally TRY 720.000.000 gross dividend from the distributable profit of the 2023 fiscal year as per seen in the attached Dividend Distribution Table of the company and to distribute dividend payment on 03.04.2024 and in accordance with Capital Market Legislation, clause 19 of Article of Association and the Dividend Distribution Policy of the company.
Supplementary Documents
Appendix: 1
Kar dagitim_ek.pdf
Appendix: 2
Dividend distribution_annex.pdf
DIVIDEND DISTRIBUTION TABLE
OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
120.000.000
2. Total Legal Reserves (According to Legal Records)
183.398.147
Information on privileges in dividend distribution, if any, in the Articles of Association:
None
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
1.458.019.252
783.266.193
4. Taxes Payable (-)
-509.942.574
21.068.962
5. Net Current Period Profit
1.967.961.826
762.197.231
6. Losses in Previous Years (-)
7. Primary Legal Reserve (-)
8. Net Distributable Current Period Profit
1.967.961.826
762.197.231
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )
37.615.853
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
2.005.577.679
11. First Dividend to Shareholders
* Cash
720.000.000
6.000.000
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders
687.452.028
16. Secondary Legal Reserves
71.400.000
68.745.203
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves
1.176.561.826
20. Other Distributable Resources
26.547.972
Dividend Payment Rates Table
Share Group
CASH DIVIDEND AMOUNT (TL) - NET
STOCK DIVIDEND AMOUNT (TL)
TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -
648.000.000
0
32,93
5,4
540
TOTAL
648.000.000
0
32,93
5,4
540
Dividend Rate Table Explanations

According to the consolidated financial statements for the 01.01.2023-31.12.2023 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 Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a net profit of TL 1.967.961.826 has been posted for the parent company. The dividend distribution proposal, prepared by taking into account the long-term corporate strategy, 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 03.04.2024.