Summary Info | Board of Directors' dividend distribution proposal for 2023 | Update Notification Flag | No | Correction Notification Flag | No | Postponed Notification Flag | No |
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Decision Date | 19.03.2024 | Type of Cash Dividend Payment | Payment In Advance | Currency Unit | TRY | Stock Dividend | Will Not Be Paid |
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Cash Dividend Payment Amount and Rates |
| | Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL) | Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%) | | Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL) | Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%) | MGROS, TREMGTI00012 | Payment In Advance | 6,9040087 | 690,40087 | 10 | 6,2136078 | 621,36078 |
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| Proposed
Ex-Dividend Date | | | | Payment In Advance | 27.05.2024 | | 29.05.2024 | 28.05.2024 |
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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 |
| Amount of Stock Dividend (TL) | Rate of Stock Dividend (%) | MGROS, TREMGTI00012 | 0 | 0 |
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In compliance with the Capital Markets Board (CMB)'s Communiqué on Dividends (II-19.1) and the Guide on Dividends, as well as in accordance with our Articles of Association and publicly disclosed dividend distribution policy, the Board of Directors discussed the dividend distribution proposal for 2023 which will be submitted to the General Assembly. According to our Company's consolidated financial statements prepared in accordance with the capital markets legislation, Tax Procedure Law and tax legislation; The Board of Directors resolved to propose to the General Assembly the distribution of gross dividends of TL 1,250,000,000.00 to be fully paid in cash, (TL 192,935,524.48 to be covered from the Net Distributable Period Profit, TL 1,181,159,204.36 to be covered from "other sources", after allocating TL 124,094,728.84 of secondary legal reserves). Since the legal limit in the Article 519 of the Turkish Commercial Code has been reached, the allocation of primary reserve is not required. In case the abovementioned dividend distribution proposal is accepted by the General Assembly; it was decided;
- to pay dividend TL 6.9040087 gross=net for shares at the nominal value of TL 1 for our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey,
- to pay gross dividend of TL 6.9040087 and net dividend of TL 6.2136078 (by deducting 10% withholding tax) cash for shares at the nominal value of TL 1 for our other shareholders,
- to propose to the General Assembly to start dividend distribution on 27 May 2024 upon completion of the legal process following the General Assembly Meeting.
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| Appendix: 1 | Migros Kar Dagitim Tablosu 2023.pdf | Appendix: 2 | Migros Dividend Distribution Table 2023.pdf |
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DIVIDEND DISTRIBUTION TABLE |
MİGROS TİCARET A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL) |
1.Paid-In / Issued Capital | 181.054.233 | 2. Total Legal Reserves (According to Legal Records) | 75.003.740,72 | Information on privileges in dividend distribution, if any, in the Articles of Association: | - |
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* | Based on CMB Regulations | Based on Legal Records | 3. Current Period Profit | 10.791.919.000 | 2.194.997.595,37 | 4. Taxes Payable (-) | -1.886.524.000 | -519.128.722,81 | 5. Net Current Period Profit | 8.905.395.000 | 1.675.868.872,56 | 6. Losses in Previous Years (-) | 0 | -1.203.452.679,08 | 7. Primary Legal Reserve (-) | 0 | 0 | 8. Net Distributable Current Period Profit | 8.905.395.000 | 472.416.193,48 | Dividend Advance Distributed (-) | 0 | 0 | Dividend Advance Less Net Distributable Current Period Profit | 8.905.395.000 | 472.416.193,48 | 9. Donations Made During The Year ( + ) | 24.897.253,91 | | 10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated | 8.930.292.253,91 | | 11. First Dividend to Shareholders | 9.052.711,65 | 9.052.711,65 | * Cash | 9.052.711,65 | 9.052.711,65 | * Stock | | | 12. Dividend Distributed to Owners of Privileged Shares | | | 13. Other Dividend Distributed | | | * To the Employees | | | * To the Members of the Board of Directors | | | * To Non-Shareholders | | | 14. Dividend to Owners of Redeemed Shares | | | 15. Second Dividend to Shareholders | 59.788.083,99 | 59.788.083,99 | 16. Secondary Legal Reserves | 124.094.728,84 | 124.094.728,84 | 17. Statutory Reserves | | | 18. Special Reserves | | 279.480.669 | 19. Extraordinary Reserves | 8.712.459.475,53 | | 20. Other Distributable Resources | 1.181.159.204,36 | 1.181.159.204,36 |
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Dividend Payment Rates Table |
| CASH DIVIDEND AMOUNT (TL) - NET | STOCK DIVIDEND AMOUNT (TL) | TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%) | DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL) | DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%) | - - - | | | | | | TOTAL | 1.125.000.000 | | | 6,2136078 | 621,36078 |
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