Blume Metal Kimya A.Ş. (the “Company”) may distribute profits within the limits established in its Articles of Association, and in accordance with the Capital Markets Law, the Turkish Commercial Code, Tax Laws, and other relevant regulations enacted based on these laws. The objective of the profit distribution policy is to maintain a balanced and consistent approach between the interests of shareholders and those of the Company.
As a principle, provided that applicable regulations permit, at least 50% of the net distributable profit for the period, calculated in accordance with Capital Markets Board regulations and covered by resources available in our legal records, is aimed to be distributed as cash and/or bonus shares through a general assembly resolution, taking into account our long-term strategy, planned and ongoing investments, financing policy, financial structure, and cash flow.
Profit distribution is intended to commence no later than the end of the accounting period in which the general assembly decision on profit distribution is made and, provided that this condition is met, within three months following the relevant general assembly meeting. The specific distribution date is determined by the general assembly.
The general assembly, or the board of directors if authorized, may decide to distribute the profit in installments in accordance with the Capital Markets Board regulations.
The Company does not envisage the distribution of advance dividends, and there is no provision regarding advance dividend distribution in the Company’s Articles of Association.