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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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The following decisions were made at the General Assembly meeting of the Company on May 30, 2024:
It was unanimously resolved to declare a cash dividend to be disbursed in three installments. The first installment, amounting to TL 48,822,046.65, representing 37.5% of the total profit of TL 130,192,124.40, shall be distributed on August 13, 2024. The Board of Directors is hereby authorized to allocate the remaining distributable profit of TL 81,370,077.75 across the second and third installments. The specific distribution dates for these installments shall be determined in accordance with the Company's cash flow requirements. The dates for the cash dividend distributions will be established by a decision of the Board of Directors, which must be made at least fifteen days in advance. This information will be communicated to the public through a material event disclosure on the Public Disclosure Platform. Following this resolution, the Board of Directors convened on November 1, 2024, and resolved that the second installment, in the amount of TL 48,822,046.65, will be disbursed on November 25, 2024. Furthermore, the third installment, totalling TL 32,548,031.10, is scheduled for disbursement on December 23, 2024. A material event disclosure will be issued on the Public Disclosure Platform to ensure that stakeholders are informed of these distributions. 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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DIVIDEND DISTRIBUTION TABLE
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SDT UZAY VE SAVUNMA TEKNOLOJİLERİ A.Ş. 01.01.2023/31.12.2023 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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In compliance with capital markets legislation, Article 32 of the Company's Articles of Association, and our Dividend Distribution Policy;
Following the review of the financial statements for the accounting period from January 1, 2023, to December 31, 2023, prepared by the Company's management and audited by RAM Bağımsız Denetim ve Danışmanlık A.Ş. in accordance with Turkish Accounting Standards (TAS)/ Turkish Financial Reporting Standards (TFRS), as well as the financial statements prepared in compliance with legal records, as outlined in the attached profit distribution table;
a) As per the financial statements prepared in compliance with TFRS, the "Net Profit for the Period" is recorded at TL 322.375.565,00. Upon inclusion of "Donations" totaling TL 3.104.746,00 made in 2023 into this figure, the "Net Distributable Period Profit" for the accounting period from January 1, 2023, to December 31, 2023, amounts to TL 325.480.311,00.
b) The "Net Profit for the Period" for the accounting period from January 1, 2023, to December 31, 2023, as maintained in accordance with statutory records and excluding inflation adjustments, stands at TL 535.490.301,06 after setting aside the "Tax Expense for the Period." Given that the required amount of "General Legal Reserves" mandated by Article 519 of the Turkish Commercial Code has been met, resulting in no allocation of "General Legal Reserves." It is clarified that the "Net Distributable Profit for the Period" stands at TL 535.490.301,06. Following the inflation adjustment, the statutory records indicate a Net Profit for the Period totaling TL 325.480.311,00. This amount will serve as the basis for the evaluation to be conducted in accordance with the Capital Markets Board Resolution No. 14/382 dated 07/03/2024.
In accordance with this framework, the Board of Directors has resolved to:
• Distribute a dividend of TL 130.192.124,40, representing 40% of the distributable period net profit, based on the financial statements prepared according to TFRS for the accounting period from January 1, 2023, to December 31, 2023.
• Disburse the dividend in cash through three installments, with the first installment (TL (48.822.046,65), equivalent to 37,5% of the total TL 130.192.124,40 profit designated for distribution, to be distributed in cash on 13.08.2024.
• Authorize the Board of Directors to determine the distribution dates of the second and third installments based on the Company's cash flow.
• Determine the dates for cash dividend distribution through a Board of Directors resolution made at least fifteen days in advance, with announcements to be made by the Company via material event disclosure on the Public Disclosure Platform.
• Allocate the remaining TL 195.288.186,60 to retained earnings and present the application within this context for approval by the shareholders at the Ordinary General Assembly Meeting scheduled for May 30, 2024.
In our Ordinary General Assembly Meeting held today, it was resolved to approve the dividend distribution proposal submitted to the General Assembly..
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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