Akhan Buys 150,000 Shares Under Its Buyback Program
The company paid a weighted average of TL29.98 per share under a program allowing buybacks of up to 4 million nominal shares.
Key takeaways
- Akhan bought 150,000 shares on Oct. 13 at a weighted average price of TL29.98.
- The program allows buybacks of up to 4 million nominal shares, with a maximum spend of TL100,000,000.
Akhan bought 150,000 of its own shares on Oct. 13, at a weighted average price of TL29.98 each, the company reported to KAP. The purchase price ranged from TL29.64 to TL30.00, and the shares bought represented 0.05487% of the company’s capital.
The purchase is part of a buyback program launched under a board decision dated Oct. 1. The program permits the company to buy up to 4 million nominal shares, with a maximum spending limit of TL100,000,000.
A buyback means the company purchases its existing shares; it is not a dividend payment or new capital for the business. Akhan said the program aims to support price stability and protect stakeholders’ interests, saying its share price did not reflect the company’s operating performance.
This article was produced with the help of AI technology. Source: Yahoo Finance
