Dividend Information

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"There are no privileges on dividend payments, and our dividend payment policy is on our website.” Our Company’s dividend policy was defined by the decision about dividend payments by Board of Directors’ meeting on 03/11/2011. The decision is given below:“Our company may pay out a dividend in the amount determined by the Board of Directors according to T.C. Prime Ministry Capital Markets Board notifications and regulations and presented to the General Assembly for approval, by giving cash or free shares, or by giving a certain percentage of cash and a certain percentage of free shares, in the scope of long-term development strategies, and also taking into consideration investment, financing plans, and profitability situations. As long as related regulations and our investment needs permits us, it has been defined as our company’s dividend policy to pay out 50% of payable net profit to shareholders in cash, and it has been anonymously decided that this policy will be presented by Board of Directors to General Assembly for approval. In the following days, in case anything changes in this policy, public will be informed again."

In the General Assembly meeting on 30 April 2009 , the remaining part after legal reserves and taxes to be paid were abstracted from period profit, was decided not to be disbursed and to be allocated as extraordinary reserves.
In the General Assembly meeting on 10 May 2010, the remaining profit after legal reserves and taxes to be paid were abstracted from period profit, was unanimously decided not to be disbursed and to be allocated as extraordinary backup.
It was decided that within SPK’s regulations on profit disbursement and current profit disbursement policy, regarding 2010 accounting year, a cash profit disbursement would be made to the shareholders in the amount of 13,520,000 TL which constitutes 33.80% of the company’s paid capital, from the Net Period Profit of 28,344,687 TL which was seen in the financial tables of 2010 fiscal year, and payments of the profit disbursement would start on 25 May 2011. In the process of dividend disbursement in 33.80% gross and 28.73% net which started on 25/05/2011, transfer of dividend receivables of registered shares traded on the stock market to their individual accounts at Takasbank A.Ş. was completed on 27/05/2011.
It was decided that a cash disbursement in a gross amount of total 14,150,000 TL which equaled 35.38% of the company’s paid capital for the 2011 fiscal year from the “Net Period Profit” that showed 28,292,296 TL on the financial tables of 2011 fiscal year, would be made to shareholders in the scope of T.C. Prime Ministry Capital Markest Board’s regulations about dividend disbursement and current dividend disbursement policy, prepared in scope of regulations defined by Financial Reporting Principles in Capital Markets Statement which was issued by T.C. Prime Ministry Capital Markets Board of Turkey with Series: XI, No: 29 and in compliance with International Financial Reporting Standards, which principles were independently audited, determined according to T.C. Prime Ministry Capital Markets Board’s 04/17/2008 dated and 11/467 numbered ruling. For the disbursement which started on 05/30/2012 in the rate of gross 35.38% and net 30.07%, transfer transactions on 06/01/2012 of dividend receivables of recorded shares which were being traded for the members into their free accounts in Takasbank was completed.
It was decided that within SPK’s regulations on profit disbursement and current profit disbursement policy, regarding 2013 accounting year, a cash profit disbursement would be made to the shareholders in the amount of 12,690,000 TL which constitutes 31.7% of the company’s paid capital, from the Net Period Profit of 25,377,963 TL which was seen in the financial tables of 2013 fiscal year, and payments of the profit disbursement would start on 25 May 2011. In the process of dividend disbursement in 31.7% gross and 26.97% net which started on 26/05/2014, transfer of dividend receivables of registered shares traded on the stock market to their individual accounts at Takasbank A.Ş. was completed on 28/05/2014.
It was decided that within SPK’s regulations on profit disbursement and current profit disbursement policy, regarding 2014 accounting year, a cash profit disbursement would be made to the shareholders in the amount of 2,070,000 TL which constitutes 5.18% of the company’s paid capital, from the Net Period Profit of 4,129,189 TL which was seen in the financial tables of 2014 fiscal year, and payments of the profit disbursement would start on 25 May 2015. In the process of dividend disbursement in 5.18% gross and 4.4% net which started on 25/05/2015, transfer of dividend receivables of registered shares traded on the stock market to their individual accounts at Takasbank A.Ş. was completed on 27/05/2015.
It was decided that within SPK’s regulations on profit disbursement and current profit disbursement policy, regarding 2015 accounting year, a cash profit disbursement would be made to the shareholders in the amount of 3.950.000 TL which constitutes 50.33% of Net Period Profit of 7.847.686 TL which was seen in the financial tables of 2015 fiscal year. In the process of dividend disbursement in 9.88% gross and 8.39% net which started on 25/05/2016, transfer of dividend receivables of registered shares traded on the stock market to their individual accounts at Takasbank A.Ş. was completed on 27/05/2016.
It was resolved by the majority vote at Ordinary General Assembly dated April 24, 2017 that no dividend be distributed from the profit made in 2016 in accordance with the current growth policy of our Company as stipulated in the negotiations on the use of the profit made in 2016 pursuant to the resolution made by the Board of Directors on March 28, 2017.
Pursuant to the resolution made by the Board of Directors on February 28, 2018, it is decided to get the approval of General Assembly about not distributing dividend since these is no profit on the financials of the Company for the year of 2017.