Akhan Buys Back 59,314 Shares Under Its Repurchase Program
The company says the October 12 purchase covered 59,314 shares at a weighted average price of 30.39 lira.
Key takeaways
- Akhan repurchased 59,314 shares on October 12 at a 30.39 lira weighted average price.
- The shares bought represent 0.0217% of the company’s capital.
Akhan Un Fabrikası bought back 59,314 of its shares on October 12, at a weighted average price of 30.39 lira per share. The purchase accounted for 0.0217% of the company’s capital, according to its KAP disclosure.
The company said the purchases were made under a buyback program approved by its board on October 1. The program allows for up to 4 million lira of nominal-value shares, with a maximum payment of 100,000,000 lira. A buyback means the company purchases its own existing shares, rather than issuing new capital or paying a dividend.
Akhan said the program aims to support price stability and protect stakeholders’ interests, asserting that its share price does not reflect the company’s operating performance. Earlier on October 12, at 15:05 UTC, the shares traded at 30.20 lira, down 0.2% from the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
