Adra GYO Buys Back 45,000 Shares Under Existing Program
The Oct. 12 purchase falls under a one-year plan allowing up to 5 million shares, with TL250000000 allocated.
Key takeaways
- Adra GYO bought back 45,000 shares on Oct. 12 at prices between TL41.90 and TL42.50.
- The one-year program allows up to 5 million shares and allocates TL250000000.
Adra GYO bought back 45,000 of its shares on Oct. 12, at prices ranging from TL41.90 to TL42.50, according to a KAP disclosure by the company.
The purchase is part of a buyback program launched under a Sept. 21 board decision. The one-year program allows the company to repurchase up to 5 million shares and sets aside TL250000000.
A buyback means the company purchases its own existing shares; it is not a dividend payment or new capital for the company. Adra GYO said its total holdings of ADGYO shares, including purchases under its previous program, had reached 24,145,000 shares.
This article was produced with the help of AI technology. Source: Yahoo Finance
