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SASA POLYESTER SANAYİ A.Ş.

Notice of Dividend Amount Feb 26, 2021

5949_rns_2021-02-26_dc02d949-d2f3-4c12-87fc-862d34ba71ec.html

Notice of Dividend Amount

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Summary Info Profit Distribution Proposal for the year 2020
Update Notification Flag No
Correction Notification Flag Yes
Postponed Notification Flag No
Reason of Correction The values appearing in the Statutory Records of the profit distribution table have been shifted in the CMB section.
Decision Date 24.02.2021
Date of Related General Assembly 25.03.2021
Type of Cash Dividend Payment Cash Dividend Will Not Be Paid
Currency Unit TRY
Stock Dividend Will be paid

Cash Dividend Payment Amount and Rates

Share Group Info Payment 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 (%) Withholding Rate (%) 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 (%)
SASA, TRASASAW91E4 0,0000000 0 0 0,0000000 0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info Amount of Stock Dividend (TL) Rate of Stock Dividend (%)
SASA, TRASASAW91E4 290.000.000 34,93975

Additional Explanations

According to the financial statements of the company for the 01.01.2020-31.12.2020 accounting period, which is prepared in compliance with the Capital Markets Board (CMB) Communiqué no.II-14.1 on "Principles of Financial Reporting in the Capital Markets" and audited by Drt Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a consolidated Net Period Profit of TL 312.188.000 has been generated.

At the meeting of our Board of Directors on 24 February 2021 , it has been unanimously decided that;

-As explained in the dividend distribution table, in accordance with the Article 31 of our Articles of Association and the CMB communiqué, TL 15.433.632,57 shall be set aside as Primary Legal Reserve from Net Distributable Period Profit, and TL 6.754.367,43 of the remaining TL 296.894.367,43 Net Distributable Period Profit shall be set aside as Extraordinary Reserves, and the remaining TL 290.000.000 Net Distributable Period Profit shall be distributed as First Dividend to Shareholders (Stock).

- Based on our legal records prepared in accordance with the provisions of the Tax Procedure Law ; in accordance with the provisions of the Tax Procedure Law, TL 15.433.632,57 shall be set aside as Primary Legal Reserves from Net Distributable Period Profit of TL 388.853.661,28 included in our legal records after deducting TL 80.181.009,84 Losess in Previous Years, and TL 3.379.018,87 of the remaining TL 293.379.018,87 Net Distributable Period Profit shall be set aside as Extraordinary Reserves, and the remaining TL 290.000.000 Net Distributable Period Profit shall be distributed as First Dividend to Shareholders (Stock).

34,93975% stock dividend shall be distributed to the shareholders who are representing current capital of TL 830.000.000, and this issue shall be submitted to the approval of the Ordinary General Assembly.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.

Supplementary Documents

Appendix: 1 Kar Dağıtım Tablosu.pdf
Appendix: 2 Profit Distribution Table.pdf

DIVIDEND DISTRIBUTION TABLE

SASA POLYESTER SANAYİ A.Ş. 01.01.2020/31.12.2020 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital 830.000.000
2. Total Legal Reserves (According to Legal Records) 75.549.377,16
Information on privileges in dividend distribution, if any, in the Articles of Association: None.
* Based on CMB Regulations Based on Legal Records
3. Current Period Profit -275.020.000 389.127.758,56
4. Taxes Payable (-) 587.208.000 274.097,28
5. Net Current Period Profit 312.188.000 388.853.661,28
6. Losses in Previous Years (-) 80.181.009,84
7. Primary Legal Reserve (-) 15.433.632,57 15.433.632,57
8. Net Distributable Current Period Profit 296.754.367,43 293.239.018,87
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit 296.754.367,43 293.239.018,87
9. Donations Made During The Year ( + ) 140.000 140.000
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated 296.894.367,43 293.379.018,87
11. First Dividend to Shareholders 290.000.000
* Cash
* Stock 290.000.000
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
16. Secondary Legal Reserves
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves 6.754.367,43 3.379.018,87
20. Other Distributable Resources

Dividend Payment Rates Table

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 (%)
- - - 0 290.000.000 98,9 0,3494 34,93975
TOTAL 0 290.000.000 98,9 0,3494 34,93975

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