CVK Maden Buys Back Shares Under One-Month Program
The company repurchased shares with a nominal value of TL 1,575,000, equal to 0.04167% of its capital, on October 12.
Key takeaways
- CVK Maden repurchased shares with a nominal value of TL 1,575,000 on October 12.
- The repurchased shares represent 0.04167% of the company’s capital.
- The one-month program allows buybacks up to TL 100,000,000 nominal value.
CVK Maden İşletmeleri bought back shares with a nominal value of TL 1,575,000 on October 12, at a weighted average price of TL 13.19 per share, according to its KAP disclosure. The shares represent 0.04167% of the company’s capital.
The purchase was made under a one-month buyback program launched by a board decision on October 8. The program runs through November 7 and sets a maximum nominal share amount of TL 100,000,000, with TL 1,400,000,000 allocated to the program.
A buyback means the company purchases its own existing shares; it is not a dividend payment. The disclosure says the repurchased shares’ total nominal value now stands at TL 1,575,000.
This article was produced with the help of AI technology. Source: Yahoo Finance
