Notice of Dividend Amount • Feb 14, 2025
Notice of Dividend Amount
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| Dividend Distribution Table of Türk Traktör ve Ziraat Makineleri A.Ş. for 2024 (TL) | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1. Paid-Up/Issued Capital * | 100,066,875.00 | |||||||
| 2. Total Legal Reserve Fund (According to legal records) ** | 1,176,780,557.32 | |||||||
| Information relating to preferences, if any on dividend distribution according to | None | |||||||
| According to CMB | According to Legal Records (LR) | |||||||
| 3. | Profit for the Period | 7,976,136,370.00 | 7,791,862,171.00 | |||||
| 4. | Taxes Payable ( - ) | -2,235,600,185.00 | -1,342,344,779.00 | |||||
| 5. | Net Profit for the Period ( = ) | 5,740,536,185.00 | 6,449,517,392.00 | |||||
| 6. | Losses from Previous Years ( - ) | |||||||
| 7. | General Legal Reserve Fund ( - ) | |||||||
| 8. | NET DISTRIBUTABLE PROFIT ( = ) | 5,740,536,185.00 | 6,449,517,392.00 | |||||
| 9. | Donations of the Year ( + ) | 38,546,045.00 | ||||||
| 10. | Net Distributable Profit of the Period Including Donations |
5,779,082,230.00 | ||||||
| 11. | First Dividend to Shareholders | |||||||
| - Cash *** | 3,467,449,338.00 | 5,003,343.75 | ||||||
| - Bonus Share | ||||||||
| - Total | ||||||||
| 12. | Dividends Paid to Privileged Shareholders | |||||||
| 13. | Other Distributed Dividend | |||||||
| - To the Members of the Board | ||||||||
| - To the Employees | ||||||||
| - To the Others Who are not Shareholder | ||||||||
| Dividend Distributed to the Owners of | ||||||||
| 14. | Dividend Right Certificate | |||||||
| 15. | Secondary Dividend to Shareholders | 1,382,550,662.00 | 4,844,996,656.25 | |||||
| 16. | General Legal Reserve Fund | 484,499,665.63 | 484,499,665.63 | |||||
| 17. | Statutory Reserves | |||||||
| 18. | Special Reserves | |||||||
| 19. | Extraordinary Reserves | 406,036,519.38 | 1,115,017,726.38 | |||||
| Other Resources that Assumed to be | ||||||||
| Distributed | ||||||||
| 20. | - From Excess Reserves | |||||||
| - From Other Capital Reserves | ||||||||
| - From Legal Reserves | ||||||||
| 21. | General Legal Reserve Fund for Other | |||||||
| Resources that Assumed to be Distributed | ||||||||
| - From Extraordinary Reserves | ||||||||
| - Other Capital Reserves | ||||||||
| - Legal Reserves |
* The amount is the registered nominal capital amount and the capital inflation adjustment difference amounting to 1,645,079,202.35 TL as of 31.12.2024 is included in the records prepared in accordance with TPL.
** The amount is nominal general legal reserves and in the records prepared in accordance with TPL after the application of inflation accounting, there is an inflation adjustment difference amounting to TL 1,525,177,698.89 as of 31.12.2024 related to legal reserves. *** First dividend amount is calculated by considering the registered nominal capital amount.
| GROUP | TOTAL DISTRIBUTED NET DIVIDEND AMOUNT | TOTAL DISTRIBUTED DIVIDEND AMOUNT / NET DISTRIBUTABLE PROFIT |
NET DIVIDEND CORRESPONDING TO ONE SHARE WITH A NOMINAL VALUE OF TL 1 |
|||
|---|---|---|---|---|---|---|
| CASH (TL) | BONUS SHARE (TL) | RATE (%) | AMOUNT (TL) | RATE (%) | ||
| NET | A | 1,818,750,000 | - | 31.68% | 48.46759 | 4,846.75873 |
| B | 1,727,812,500 | - | 30.10% | 46.04421 | 4,604.42079 | |
| C | 1,030,625,000 | - | 17.95% | 41.19745 | 4,119.74492 | |
| TOTAL | 4,577,187,500 | 79.73% | - | - |
(1) There is not privileged right for dividend.
(2) A Group shares are holding by the resident taxpayer shareholders; thus 0% withholding tax is calculated.
(3) Our limited taxpayer corporate shareholder, which is subject to dividend withholding tax other than the general rate, is CNH Österreich, the Austrian-based foreign shareholder of our Company, which owns Group B shares. Pursuant to Article 10 of the Double Taxation Avoidance and Tax Evasion Agreement with Austria and Article IX of the Protocol, the withholding tax rate for dividends paid by a company resident in Turkey is determined as 5%. Net dividend for Group B shares is calculated by taking this rate into consideration.
(4) Net dividend amount for Group C shares is calculated assuming that all shares are held by real persons and using a withholding tax rate of 15%.
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