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Dividend policy
48%
59%
68%
2010
2011
2012
50%
57%
2013
33%
29%
2014
2015
2016
Appendix
Arçelik
52%
52%
48%
42%
41%
2010-2022 Average
-
0%
0%
2017
2018
2019
2020
2021
2022
•
•
Arçelik conducts a dividend policy within the framework of the provisions of the Turkish Commercial Code, Capital Markets Legislation, Tax Regulation,
other relevant legislation and the provisions of the Articles of Association governing the distribution of profits. A balanced and consistent policy
incorporating shareholders' and Company requirements in line with Corporate Governance Principles is followed.
In principle, subject to be covered by the resources existing in legal records, by taking into consideration market expectations, long-term strategy,
investment and financing policies, profitability and cash position, other legislation, and financial conditions, minimum 50% of the distributable profit
for the period calculated within the framework of the Capital Markets Legislation is distributed in the form of cash or stock.
• The dividend distribution date is determined by General Assembly and targeted to be within one month after General Assembly Meeting date. General
Assembly, or if authorised Board of Directors, could decide to pay dividend in installments within the framework of Capital Markets Legislation.
•
According to Company's Articles of Association, Board of Directors can distribute advance dividend with the condition of being authorised and
compliant with Capital Markets Legislation
*Divinded distribution decision has been taken at AGM dated 16 March 2023 and the payment will be made on 25 September 2023.
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