Akfen GYO’s Buyback Reaches 31,738,996 Shares
The company bought 2,183,030 shares on Oct. 12, bringing purchases under its program to 31,738,996 shares.
Key takeaways
- Akfen GYO bought 2,183,030 shares on Oct. 12.
- The program’s cumulative buyback reached 31,738,996 shares, equal to 0.8138% of capital.
Akfen Gayrimenkul Yatırım Ortaklığı bought 2,183,030 of its shares on Oct. 12, according to a KAP filing by the company. Purchases under the program now total 31,738,996 shares, or 0.8138% of its capital.
The board approved the buyback program on Sept. 17. It allows purchases of up to 60,000,000 nominal shares, with 200,000,000 Turkish lira allocated, and is scheduled to run through Dec. 31.
A buyback means the company purchases its own existing shares. It changes the ownership mix rather than providing new capital to the company; the filing does not state the total amount spent so far.
This article was produced with the help of AI technology. Source: Yahoo Finance
