Derluks adds 650,000 lira nominal shares to buyback
Derluks bought back 650,000 lira nominal value of its shares on Oct. 12, bringing its own-share holdings to 6,200,000 lira nominal.
Key takeaways
- Derluks bought back 650,000 lira nominal value of shares on Oct. 12.
- The company’s own-share holdings reached 6,200,000 lira nominal, or 0.6268% of capital.
Derluks Yatırım Holding bought back shares with a nominal value of 650,000 lira on Oct. 12, according to a company disclosure to KAP. The shares were purchased on Borsa Istanbul at prices between 1.57 and 1.61 lira each.
The transaction was made under a program launched by a board decision on Sept. 28. After the purchase, the company held shares with a total nominal value of 6,200,000 lira, equal to 0.6268% of its capital.
A buyback means the company purchases its own existing shares; it is not a dividend payment or an issue of new shares. Derluks said it aims to help its share price reflect the company’s operating performance.
As of 14:57 UTC on Oct. 12, DERHL traded at 1.58 lira, down 2.47% from the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
