[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
01/12/2022
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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As previously announced in our Company's Public Disclosures dated 01.12.2022, Board of Directors of our 30% subsidiary RWE & Turcas Güney Elektrik Üretim A.Ş. ("RTG") had 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.

Above mentioned dividend distribution proposal has been approved at RTG's Extraordinary General Assembly Meeting held at 22.12.2022 and all the legal procedures regarding the relevant transaction has been completed. 30,000,000 TL, which is our Company's share in the related dividend distribution, has been received to our Company's accounts.

Best regards,