Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Cash Dividend Payment Amount and Rates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Dates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(4) Date of determination of the right holders of the type of shares traded on the stock exchange. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount and Rate of Cash Dividend Stock Dividend Payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Additional Explanations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Board of Directors has decided; as per the attached Profit Distribution Proposal which prepared in accordance with the CMB's regulations, Article No.19 of the Articles of Incorporation of the Company and the investment and financing policies as stated in the updated Dividend Distribution Policy and considering the cash flow position it's resolved to present: a. Not allocating the statutory legal reserves of 5% required by Article 519 of the Turkish Commercial Code for the year 2023, since the amount of statutory legal reserves available in the Tax Procedure Law records as of 31.12.2023 has reached the limit of 20% of the capital. b. The distribution of dividends with a cash payment of TL 15,194,403,000 to the shareholders and allocation of TL 1,517,685,750 to the statutory legal reserves for the year 2023. c. If the above profit distribution proposal is accepted by the General Assembly, the total amount of dividend to be paid to the shareholders, which is TL 15,194,403,000 and the amount of statutory Legal Reserves, which is TL 1,517,685,750, will be covered from the current year's profits prepared according to both TFRS and Tax Procedure Law. d. Following the profit distribution, transferring TL 32,343,580,400 to retained earnings in the financial statements prepared according to TFRS, and leaving the remaining amount to be subjected to inflation adjustment according to the Tax Procedure Law as of 31.12.2023 in the sub-breakdown of Past Year Profits/Losses account. e. Paying a cash dividend of TL 43.30 gross/net for each share with a nominal value of TL 1.00 to full taxpayers and non-resident corporate shareholders obtaining dividends through a permanent establishment or representative office in Turkey, and paying a cash dividend of TL 43.30 gross (4,330% gross) and TL 38.97 net (3,897% net) for each share with a nominal value of TL 1.00 to other shareholders. f. Determining the dividend distribution date as April 8, 2024. to the General Assembly's approval, This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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DIVIDEND DISTRIBUTION TABLE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FORD OTOMOTİV SANAYİ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Payment Rates Table | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Rate Table Explanations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1) There is no privileged share group in the profit. 2) The calculations have been based on the assumption that other A Group shareholders are subject to withholding tax. 3) The %0 withholding tax rate is used when calculating net dividend for all of group B shares which belong to our taxpayer legal entity partners Koç Holding A.Ş and Temel Ticaret A.Ş. 4) The 5% withholding tax rate is used when calculating net dividend for all of group C shares which belong to our limited taxpayer partner Ford Deutschland Holding GmbH. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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