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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Under the provisions of the Capital Markets Board's Communiqué No: II, Series: 14.1, financial statements prepared based on Turkish Financial Reporting Standards (TFRS) show a net period profit of 648,423,565.00 TL, while our financial statements prepared under the Tax Procedure Law show a net period profit of 615,069,934.09 TL. Pursuant to Article 13 of our Company's Articles of Association; It has been decided to allocate 3,961,585.67 TL from the net period profit as general legal reserves in accordance with the limits and rates specified in Article 519 of the Turkish Commercial Code, and to determine the Net Distributable Period Profit base as 644,461,979.33 TL since no donations were made during the year. Accordingly: a- To distribute as "first dividend to shareholders" a gross amount of 128,892,395.87 TL, corresponding to 20% in accordance with the Turkish Commercial Code and capital market legislation within the framework of the company's profit distribution policy, b- To pay a cash dividend at a gross rate of 20% per share with a nominal value of 1 TL, and to pay our fully liable real person shareholders and limited liable real and legal person shareholders the net rate after deducting the withholding tax rates specified in the tax laws, c- To allocate 12,389,239.59 TL, which is 10% of the amount obtained after deducting a dividend corresponding to 5% of the capital from the portion decided to be distributed to shareholders, as general legal reserves in accordance with the second paragraph of Article 519 of the Turkish Commercial Code, d- To transfer the undistributed profits amounting to 503,180,343.88 TL prepared based on TFRS to the "Retained Earnings and Losses" account, and to transfer the undistributed profits amounting to 469,826,712.97 TL under tax legislation to the "Retained Earnings and Losses" account, e- To start the payment of the first dividend on 24.06.2025 and to distribute it in cash, f- To authorize the Board of Directors regarding the execution of tasks and transactions related to profit distribution, and to present these matters for the approval of our shareholders at the company's Ordinary General Assembly Meeting. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DIVIDEND DISTRIBUTION TABLE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KUZEY BORU A.Ş. 01.01.2024/31.12.2024 Period Dividend Payment Table (TL) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Payment Rates Table | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Rate Table Explanations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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