Summary Info
2017 Dividend Distribution
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Board Decision Date
16.04.2018
Date of Related General Assembly
21.06.2018
Was The Issue of Dividend Payment Negotiated?
Discussed
Type of Cash Dividend Payment
Cash Dividend Will Not Be Paid
Currency Unit
TRY
Type of Stock Dividend Payment
Will Not Be Paid
Amount and Rate of Cash Dividend Payment
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 (%)
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 (%)
A Grubu, TRCAS, TRATRCAS92E6
0
0
0
0
B Grubu, İşlem Görmüyor, TRETRCS00019
0
0
0
0
C Grubu, İşlem Görmüyor, TRETRCS00027
0
0
0
0
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
A Grubu, TRCAS, TRATRCAS92E6
0
0
B Grubu, İşlem Görmüyor, TRETRCS00019
0
0
C Grubu, İşlem Görmüyor, TRETRCS00027
0
0
Additional Explanations

Pursuant to Resolution of Board of Directors no. 2018/07 of 16.04.2018; In accordance with 2017 year-end consolidated financial statements dated 31.12.2017 prepared and audited in accordance with the regulations of Capital Markets Board, due to the previous years' losses, there is no profit available for distrubiton according to the Profit Distrubiton Table, it is decided not to distrubute profit and the decision approved by the shareholders during 2017 Annual General Assembly Meeting held on 21.06.2018

On the other hand, as we announced in our Material Disclosure dated 15.03.2018, t he portion of TL 14,400,000.00 of the total 14.471.225,91 TL shares repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with the related legislation and the decision approved by shareholders during 2017 Annual General Assembly Meeting held on 21.06.2018

We hereby declare that our above disclosure is compliant with the principles stated under the Communiqué No 54 Series VIII of the Capital Market Board, that it reflects the information known to us fully, that the information are compliant with our legal books, records and documents, that we use our best efforts to obtain the information related to the subject fully and correctly, and that we are responsible for any disclosure herein.

Kind regards,


Supplementary Documents
Appendix: 1
Dividend Distrubution Table 2017.pdf
Appendix: 2
Kar Dagitim Tablosu 2017.pdf
DIVIDEND DISTRIBUTION TABLE
TURCAS PETROL A.Ş. 01.01.2017/31.12.2017 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
270.000.000
2. Total Legal Reserves (According to Legal Records)
39.953.107,27
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
64.823.058
142.474.674
4. Taxes Payable (-)
0
0
5. Net Current Period Profit
65.513.737
142.474.674
6. Losses in Previous Years (-)
0
348.831.744,13
7. Primary Legal Reserve (-)
0
0
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT
65.513.737
-206.357.070,13
Dividend Advance Distributed (-)
0
0
Dividend Advance Less Net Distributable Current Period Profit
0
0
9. Donations Made during the Year ( + )
278.982,9
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
65.792.719,9
0
11. First Dividend to Shareholders
0
0
* Cash
0
0
* Stock
0
0
12. Dividend Distributed to Owners of Privileged Shares
0
0
13. Other Dividend Distributed
0
0
* To the Employees
0
0
* To the Members of the Board of Directors,
0
0
* To None Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
0
0
15. Second Dividend to Shareholders
0
0
16. Secondary Legal Reserves
0
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. EXTRAORDINARY RESERVES
0
0
20. Other Distributable Resources
0
0
Dividend 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 (%)
A Grubu
0
0
0
0
0
B Grubu
0
0
0
0
0
C Grubu
0
0
0
0
0
TOTAL
0
0
0
0
0
Dividend Payment Table Explanation

Pursuant to Resolution of Board of Directors no. 2018/07 of 16.04.2018; In accordance with 2017 year-end consolidated financial statements dated 31.12.2017 prepared and audited in accordance with the regulations of Capital Markets Board, due to the previous years' losses, there is no profit available for distrubiton according to the Profit Distrubiton Table, it is decided not to distrubute profit and the decision shall be submitted to the approval of shareholders during 2017 Annual General Assembly Meeting to be held on 30.05.2018:

On the other hand, as we announced in our Material Disclosure dated 15.03.2018, t he portion of TL 14,400,000.00 of the total 14.471.225,91 TL shares repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with the related legislation and the decision shall be submitted to the approval of shareholders during 2017 Annual General Assembly Meeting to be held on 30.05.2018: