|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash Dividend Payment Amount and Rates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Dates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Additional Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Following resolution for profit distribution has resolved in Türk Telekomünikasyon A.Ş. ("The Company") 2021 Ordinary General Assembly meeting dated 31.03.2022.
Accordingly,
1.The Company's net profit calculated according the independently audited consolidated financial tables prepared in accordance with the provisions of "Capital Markets Board Communique About Financial Reporting in Capital Markets No.II-14.1" is TL 5,761,454,000, for the fiscal year of 2021.
2.Pursuant to the CMB Communique on Dividends No: II-19.1, the profit after tax amount of TL 5,761,454,000 shall be the base amount for dividend distribution,
3.Since the Company already reached the general legal reserve limit in accordance with Article 519 of Turkish Commercial Code, this reserve is not required to be taken for 2021;
4.The base for the first dividend shall be TL 5,797,400,185.95 (Pursuant to the Capital Markets Board regulations, this amount is calculated by adding the donation amount within the year, which is TL 35,946,185.95 to the net distributable profit of 2021, which is TL 5,761,454,000)
5.Accordingly,
a.The loss for the relevant financial year stated under the legal records of the Company shall be deducted from the general legal reserves.
b.TL 1,159,480,037.19 which corresponds to the 20% of TL 5,797,400,185.95 (the first dividend base) shall be distributed to the shareholders as first cash dividend,
c.TL 3,795,084,962.81 shall be distributed to the shareholders as second cash dividend,
d.TL 477,956,500.00 (calculated as 1/10 of the "profits to be distributed" after 5% of paid in capital is deducted from it pursuant to the CMB regulations) shall be set aside from the remaining part of the net distributable profit;
e.TL 328,932,500.00 which is the remaining of the 2021 year's distributable profit after the cash dividend distribution shall be regarded as prior year's profit and set aside within the Company, in case the amount which is set aside as 2021 fiscal year's profit is subject to redistribution, the withholding tax deductions shall be applicable on such amount;
As a result;
f.TL 1.452.732.572,14 out of the total amount of TL 4.954.565.000,00 which shall be distributed in cash, shall be distributed from statutory net profit for the year 2021, remaining TL 3.501.832.427,86 shall be distributed from the statutory prior years' profit, the withholding tax deductions shall be applicable within the scope of relevant regulations on the distribution date;
g.1.41559 Kuruş (141.559%) gross cash dividend per share for 1 Kuruş nominal shall be distributed to our shareholders and total gross cash dividend distribution amount shall be TL 4,954,565,000.00;
6.The distribution of the cash dividends to our shareholders shall begin on 28 April 2022.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIVIDEND DISTRIBUTION TABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TÜRK TELEKOMÜNİKASYON A.Ş. 01.01.2021/31.12.2021 Period Dividend Payment Table (TL)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Payment Rates Table
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Rate Table Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Note: The ratio of gross dividend to net distributable income is 86%. *Group A shares of our Company are owned by LYY Telekomünikasyon A.Ş. LYY Telekomünikasyon A.Ş. is a fully tax payer corporation, accordingly there will be no withholding tax in the dividend payment. ** Group B shares of our Company are owned by the Republic of Turkey Ministry of Treasury and Finance and Turkish Wealth Fund. The Republic of Turkey Ministry of Treasury and Finance is subject to withholding tax. Türkiye Wealth Fund is not subject to withholding tax. *** There is 1 Group C share, which is owned by the Republic of Turkey Ministry of Treasury and Finance and does not have the right to get dividend payment according to our Articles of Association. **** As the 15% of the total capital are traded in the Borsa Istanbul, our Company is not able to idenfify shareholders as "limited or fully tax payer, real person or legal person". Gross and net dividend calculation for this group is made on the assumption that all of the Group D shares are subject to withholding tax. |