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English
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Hayır (No)
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Hayır (No)
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Hayır (No)
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Board of Directors of our 30% subsidiary RWE & Turcas Güney Elektrik Üretim A.Ş. ("RTG") has decided to distribute 100,000,000 TL of dividends out of the distributable profits amounting to 154,596,408 TL - calculated via offsetting 223,617,942 TL previous years loss from the 378,214,351 TL of net profit- in the financial statements of fiscal year 2021 after setting aside the required legal reserves in accordance with the provisions of the Turkish Commercial Code and the articles of association to be distributed within 3 (three) business days following the general assembly meeting.
The share of our Company in the related dividend distribution is 30,000,000 TL on a net basis (30% of the dividend to be distributed) and this amount is expected to be paid by RTG to our Company in cash after the completion of relevant legal procedures.
Dividend distribution proposal will be presented to the approval of shareholders at RTG's Extraordinary General Assembly Meeting to be held on 22.12.2022. The developments regarding the process will be shared with the public subsequently.
Best regards,
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