Armada Gida Buys Back 1 Million Shares for TL 133.98 Million
The latest purchase brings the company’s reported holding of its own shares to about 1.84% of its capital.
Key takeaways
- Armada Gida repurchased 1 million shares on Oct. 12 for TL 133.98 million.
- The company said its own shares now represent about 1.84117% of its capital.
Armada Gida repurchased 1 million of its shares on Oct. 12 for a total of TL 133.98 million, according to a KAP disclosure by the company. The shares traded in a price range of TL 133 to TL 134.70.
The company said its holding of its own shares now equals about 1.84117% of its capital. A buyback means the company purchases existing shares; it is not a dividend payment to shareholders.
The purchase is part of a one-year buyback program approved by the board on Sept. 15. The program allows repurchases of up to 12 million nominal shares, with TL 1,750,000,000 allocated.
This article was produced with the help of AI technology. Source: Yahoo Finance
