1. Who owns Arçelik?
2. On which stock exchange is Arçelik traded and what is the stock symbol?
Istanbul Stock Exchange (1986), Symbol ARCLK
3. How many outstanding shares does Arçelik have?
The nominal value of the issued share capital of Arçelik is TL 675.728.205 divided into 67.572.820.500 shares each with a nominal value of 1.00 Kr.
4. What is Arcelik's official accounting currency?
Consolidated financial results of Arçelik are reported in accordance with IFRS in TL in line with the requirements of CMB.
5. What is Arcelik's dividend policy?
Our company carries out dividend distribution within the framework of Turkish Commercial Code, Capital Markets Board Regulations, Tax Regulations, other related regulations and respective article under our Articles of Association. In profit distribution, a well-balanced and consistent policy shall be followed between the benefits of the shareholders and company benefits in pursuance of Corporate Governance Principles.
In principle, in case respective regulations and financial facilities permit and if satisfied from existing resources in our legal records minimum 50% of i distributable period profit calculated within the framework of Capital Markets Board Regulations shall be distributed in cash and/or as no-par share, by considering market expectations, our long-term company strategy, investment and finance policies, profitability and cash position.
Profit Distribution is intended to be completed within latest one month following General Meeting and date of profit distribution shall be determined by decision of General Meeting. General Assembly and, if authorized, Board of Directors may decide on profit distribution by installments, in accordance with Capital Markets Board Regulations.
According to Company’s Articles of Association; Board of Directors may distribute profit share advance payment; provided that Board of Directors shall be authorized by General Assembly and comply with Capital Markets Board Regulations.
6. Did Arçelik pay out any dividends in 2014 ?
The decisions below are taken in the Ordinary General Assembly dated March 27, 2014, regarding the profit distribution of 2013.
It is resolved to suggest that from the consolidated profit calculated according to Capital Markets Board Legislation
TL 300,000,000.00 gross dividend to be distributed to the shareholders,
TL 26,621,358.97 10% 2nd group reserves and
on the basis of our legal records;
• To pay a gross=net cash dividend of TL 0.44396 at a rate of 44.4 % for one share with a nominal value of TL 1.00, to full taxpayer institutions or to limited taxpayer institution shareholders, who provide dividends through a workplace or permanent represantative in Turkey,
• To pay other shareholders cash dividends for a gross amount of TL 0.44396 and a net amount of TL 0.37737 for one share with a nominal value for TL 1.00 and at a rate of 37.7%;
The dividend distribution date is determined as Tuesday, April 01, 2014 and distribution to shareholders is completed.
7. Could you provide some information about harmonization with EU regulations?
Arcelik is a principal member of CECED (European Committee of Domestic Equipment Manufacturers) and direct member of CECED’s Steering Committee.
As one of the major players in the European appliances market, Arcelik’s production is infull compliance with EU directives and standards.
Arçelik is ready to comply with all EU regulations and new directives, on subjects such as;
ENVIRONMENT: WEEE, RoHS, EUP, Packing Waste, F-Gases
ENERGY: Energy Efficiency, Energy Labelling COMPETITION
CONSUMER PROTECTION: Consumer protection and product safety
8. I have stocks of your former organization. How can I have them treated?
As we announced on our web site as of the date 21.09.2011 and also in Hurriyet and Cumhuriyet newspapers on the dates 21.09.2011 and 30.11.2012; it was stated that pursuant to Provisional Article 6 of Capital Market Law amended by article 157 of Law numbered 6111 which entered into force by being published in duplicated Official Gazette dated February 25th, 2011, all rights of all stocks of our shareholders holding its own stocks physically, which were not dematerialized until the date December 31st, 2012, upon the any stocks legally existing on that date, would be deemed to terminate automatically on aforementioned date. Relying on this, capital market instruments (other than instruments in legal dispute) not dematerialized in the name of their holders and monitored by Merkezi Kayıt Kuruluşu A.Ş. (Central Securities Depository) in Unknown Physical Joint Account and Unknown Record Joint Account were redemised to Investor Compensation Center, by the letter of Merkezi Kayıt Kuruluşu A.Ş. dated 22.04.2013 and numbered 634.
Internet address of Investor Compensation Center is http://www.ytm.gov.tr.
9. Could you please, inform about Merkezi Kayıt Kuruluşu (MKK) (Central Securities Depository)?
According to Article 13 of Capital Market Law numbered 6362; rights to capital market record instruments shall be monitored by MKK. Records shall be kept by members of this institution in an electronic media created by MKK. This institution is under supervision and control of the Board. Establishment, activity, working and audit principles of Merkezi Kayıt Kuruluşu A.Ş. shall be determined by a regulation enacted by Council of Ministers.
Capital market record instruments shall be monitored in accounts opened personally, regardless of whether they are registered or bearer instruments.
Also our company is member of Merkezi Kayıt Kuruluşu A.Ş. For detailed information concerning Merkezi Kayıt Kuruluşu A.Ş., please refer to http://www.mkk.com.tr.
10. Could you please give information about merger of Arçelik A.Ş. and Grunding Elektronik A.Ş.?
For further information on aforementioned merger, please click the following links.
· Declaration Text Regarding the Merging
· Merging Contract