Akfen GYO Buybacks Reach 35,438,996 Shares After Latest Purchase
The company repurchased 3,700,000 shares on Oct. 13 under a program set to run through Dec. 31.
Key takeaways
- Akfen GYO bought back 3,700,000 shares on Oct. 13.
- Total repurchases under the program reached 35,438,996 shares, or 0.9087% of capital.
Akfen Gayrimenkul Yatırım Ortaklığı repurchased 3,700,000 of its shares on Oct. 13, bringing the program’s total to 35,438,996 shares, or 0.9087% of capital, according to the company’s filing with KAP.
The Oct. 13 purchases were made at prices from TL 2.40 to TL 2.45 per share. The program, approved by the board on Sept. 17, runs through Dec. 31 and has a maximum nominal share amount of TL 60,000,000, with TL 200,000,000 allocated for buybacks.
A buyback means the company purchases its own existing shares rather than paying a dividend. The filing does not state the total amount spent so far.
This article was produced with the help of AI technology. Source: Yahoo Finance
