At our company's Board of Directors meeting dated 06/03/2023;
Prepared in accordance with the Capital Markets Board's Communiqué on Financial Reporting Principles in Capital Markets (II-14.1) and PKF candidate Independent Auditing A.Ş. In our financial statements for the 01.01.2022-31.12.2022 accounting period audited by the Company, 258,808.554,00 TL net profit for the period, V.U.K. On the other hand, there was a net profit after tax of 225,027,919,18 TL in our legal records, which were prepared in accordance with the provisions of the law.
Considering the provisions of the Turkish Commercial Code, Capital Markets Legislation, Corporate Tax, Income Tax and other legal regulations, the articles of our articles of association regarding profit distribution and our Dividend Distribution Policy; Taking into account our company's investment and financing policies, capital and investment requirements, and local and global economic conditions, in order to optimize the cash flows of our Company, which is in the investment period, and to strengthen its financial structure, no distribution is made from the profit of 2022, the profit is kept within the Company, and general legal reserves are allocated. Afterwards, it was decided to transfer the remaining amount to extraordinary reserves, to inform the shareholders that no dividends would be distributed in accordance with the CMB practices, and to submit this matter to the approval of the General Assembly.
At our Company's Ordinary General Assembly Meeting for the Year 2022, held today (06.04.2023), it was decided not to distribute dividends in accordance with the above recommendation of the Board of Directors.
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.