Summary Info
|
Board of Directors' resolution for regarding profit distribution
|
Update Notification Flag
|
No
|
Correction Notification Flag
|
No
|
Postponed Notification Flag
|
No
|
Board Decision Date
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21.02.2018
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Type of Cash Dividend Payment
|
Payment In Advance
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Currency Unit
|
TRY
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Type of Stock Dividend Payment
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Will Not Be Paid
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Share Group Info
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Payment
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
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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)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
|
A Grubu, TUPRS, TRATUPRS91E8
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Payment In Advance
|
13,603
|
1.360,3
|
11,56255
|
1.156,255
|
C Grubu, İşlem Görmüyor, TRETPRS00011
|
Payment In Advance
|
13,603
|
1.360,3
|
11,56255
|
1.156,255
|
Payment
|
Proposed Ex-Dividend Date |
Final Ex-Dividend Date |
Payment Date
|
Record Date
|
Payment In Advance
|
29.03.2018
|
02.04.2018
|
30.03.2018
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Share Group Info
|
Amount of Stock Dividend (TL)
|
Rate of Stock Dividend (%)
|
A Grubu, TUPRS, TRATUPRS91E8
|
0
|
0
|
C Grubu, İşlem Görmüyor, TRETPRS00011
|
0
|
0
|
Supplementary Documents
| ||||
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1.Paid-In / Issued Capital
|
250.419.200
|
2. Total Legal Reserves (According to Legal Records)
|
27.966.816.256
|
Information on privileges in dividend distribution, if any, in the Articles of Association:
|
-
|
*
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Based on CMB Regulations
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Based on Legal Records
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3. Current Period Profit
|
4.445.028.000
|
4.178.243.263,46
|
4. Taxes Payable (-)
|
633.482.000
|
463.198.705,02
|
5. Net Current Period Profit
|
3.811.546.000
|
3.715.044.558,44
|
6. Losses in Previous Years (-)
|
0
|
0
|
7. Primary Legal Reserve (-)
|
0
|
0
|
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT
|
3.811.546.000
|
3.715.044.558,44
|
Dividend Advance Distributed (-)
|
0
|
0
|
Dividend Advance Less Net Distributable Current Period Profit
|
0
|
0
|
9. Donations Made during the Year ( + )
|
27.406.755,38
|
0
|
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
|
3.838.952.755,38
|
0
|
11. First Dividend to Shareholders
|
0
|
0
|
* Cash
|
3.406.452.377,6
|
12.520.960
|
* Stock
|
0
|
0
|
12. Dividend Distributed to Owners of Privileged Shares
|
0
|
0
|
13. Other Dividend Distributed
|
0
|
0
|
* To the Employees
|
0
|
0
|
* To the Members of the Board of Directors,
|
0
|
0
|
* To None Shareholders
|
0
|
0
|
14. Dividend to Owners of Redeemed Shares
|
0
|
0
|
15. Second Dividend to Shareholders
|
0
|
3.365.930.544,04
|
16. Secondary Legal Reserves
|
339.393.141,76
|
336.593.054,4
|
17. Statutory Reserves
|
0
|
0
|
18. Special Reserves
|
0
|
0
|
19. EXTRAORDINARY RESERVES
|
65.700.480,64
|
0
|
20. Other Distributable Resources
|
0
|
28.000.873,56
|
Share Group
|
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 (%)
|
A Grubu
|
3.156.078.128,19
|
0
|
82,8
|
11,56255
|
1.156,255
|
C Grubu
|
0,14
|
0
|
0
|
11,56255
|
1.156,255
|
TOTAL
|
3.156.078.128,33
|
0
|
82,8
|
11,56255
|
1.156,255
|
A. Pursuant to Article 519 of the Turkish Commercial Code, 5% Legal Reserve to be set aside but since as of December 31st 2017, capital reserves already exceeds 20% of equity, 5% Legal Reserve was not set aside in the current year.
According to the Capital Markets Law and Capital Markets Board Regulations, consolidated net income, attributable to equity holders of the parent company is in the amount of TL 3,811,546,000.00 and when donations of 27,406,755.38 TL to charitable organisations are added, the first assessment base for dividend is 3,838,952,755.38 TL. According to the statutory records, it was realized that TL 3,715,044,558.44 of net distributable profit exists
B.In accordance with the Capital Market Law, Capital Market Board Regulations, Company's Articles of Association and Dividend Distribution policy of our company, as per enclosed dividend distribution table, the following profit distribution is proposed;
3,406,452,377.60 - TL to be distributed as first dividend to shareholders
339,393,141.76 - TL to be put aside as II. Class Legal Reserve,
C.The total amount of dividend of TL 3,406,452,377.60 will be paid in cash.
D.If the above mentioned dividend distribution proposal is approved by the general assembly, on the basis of statutory accounts, the amount to be distributed is TL 3,406,452,377.60 as cash, of which TL 3,378,451,504.04 is from other earnings of the current period and TL 28,000,873.56 is from distributable other reserves. Secondary legal reserves with a value of 339,393,141.76 of which 336,593,054.40 will be funded from current year earnings and remaining TL 2,800,087.36 will be funded from distributable other reserves.
E.On this basis, a cash dividend of gross=net 13,603 TL is to be paid for one nominal stock worth 1.00 TL at a rate of 1,360.3% to our legally obligated corporate taxpayer shareholders and limited corporate taxpayer shareholders earning dividends through a Turkey-based business or permanent representation office. Other shareholders are going to be paid a gross rate of 1,360.3%, a cash dividend of gross 13.603 TL, and net rate of 1,156.255%, a cash dividend of net TL 11.56255 for one nominal stock worth 1.00 TL
The dividend distribution is set to begin on March 29, 2018.
The dividend distribution proposal will be submitted to General Assembly that will be held in March 21, 2018.
TUPRAS - Turkiye Petrol Rafinerileri AS published this content on 21 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2018 20:25:02 UTC.
Original documenthttp://www.tupras.com.tr/en/material-disclosures?detay=dividendpayment-2017
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