Our company pays dividends in accordance with the Turkish Commercial Code, the Capital Market Legislation, regulations of the Capital Market Board, provisions of the Tax Legislation, provisions of our Articles Of Association and decisions of the Board of Directors.
- Financial Statements to be considered when paying dividends are prepared in accordance with the Capital Market Legislation and regulations and decisions of the Capital Market Board. Considering these statements:
- If “Distributable Net Profit of the Period” occurs according to legal records kept within the scope of the Turkish Commercial Code and Taxation Laws, minimum 20% and maximum 0% of the remaining amount after legal reserves provided that the amount can be met from legal records.
- If “Distributable Net Profit of the Period” does not occur according to legal records kept within the scope of the Turkish Commercial Code and Taxation Laws, dividend payment is not made even if “Distributable Net Profit of the Period” is calculated according to Financial Statements prepared in accordance with the Capital Market Legislation.
- Within the framework of principles specified in our Articles Of Association in accordance with the Capital Market Legislation and regulations and decisions of the Capital Market Board, aids and donations made by the company within an accounting period are added to the Distributable Net Profit.
- The dividend payment, at the latest, begins as of the 30th day following the General Assembly Meeting in which the decision is made.
- Our company pays dividends in cash and/or in cash or in installments as bonus share in accordance with the Capital Market Legislation, regulations of the Capital Market Board, provisions of our Articles Of Association and decisions of the Board of Directors. - Since there is no regulation related to Advance Dividend in our Articles of Association, not Advance Dividends will be paid.
- Investments made in order to increase the value of our company, important matters which impact our financial structure and uncertainties in the economy and markets occurring out of the control of our company will be taken into account when making the decision related to dividend payment.
This Dividend Policy enters into force with the approval of the General Assembly. The amendments in the Dividend Policy is subject to the approval of the General Assembly.