The dividend distribution policy of the company is determined within the framework of the Capital Markets Legislation and Articles of Association, and a balanced and consistent policy is followed between the shareholders and the Company's interests in accordance with the Corporate Governance Principles.
The dividend is distributed equally to all existing shares as of the distribution date, in proportion to their shares, regardless of their issuance and acquisition dates. No privileges are applied in profit distribution.
In accordance with the decision approved by the Board of Directors of our company, Gersan is based on a policy of distributing dividends to its shareholders in cash and/or in the form of bonus shares, not less than the extent stipulated by the Capital Markets Legislation and permitted by other relevant legislation. For this reason, the company will allow the optimization of the financial structure, taking into account the performance and investment needs and sectoral, national and international conditions, and to the extent that investments as a requirement of growth or extraordinary developments in economic conditions allow, over the amount of distributable profit calculated according to the principles determined by the Capital Markets Board. has determined the distribution as a policy.
Maintaining this profit distribution policy, excluding investment and other fund needs required by the long-term growth of the Company, and special circumstances necessitated by extraordinary developments in economic conditions, are among the main objectives of our Company.
Dividends can be paid at once or in installments, provided that the decision is made at the general assembly meeting where distribution is decided. The time of payment of the dividend is decided by the general assembly upon the proposal of the board of directors. The General Assembly may also authorize the Board of Directors at the meeting where the dividend distribution is discussed, to make decisions regarding the distribution time and installments of the profit.
The Board of Directors may decide to distribute advance dividends in accordance with the relevant legislation and provisions of the articles of association. In the payment of advance dividends, it is acted in accordance with the provisions of the relevant legislation.