Derluks Adds 750,000 Nominal Shares to Its Buyback
The company says its holdings of its own shares reached 6,950,000 TL nominal, or 0.7026% of its capital.
Key takeaways
- Derluks bought 750,000 TL nominal value of its shares on Oct. 13.
- The company reported total holdings of 6,950,000 TL nominal, equal to 0.7026% of capital.
Derluks Yatırım Holding bought back shares with a nominal value of TL 750,000 on Oct. 13, paying between TL 1.55 and TL 1.58 per share, according to its KAP disclosure.
The company said its total holdings of its own shares reached TL 6,950,000 nominal, equal to 0.7026% of its capital. The purchases are part of a program launched under a board decision dated Sept. 28, with a target of TL 50,000,000 nominal value and a maximum outlay of TL 100,000,000.
A buyback means the company purchases its existing shares, rather than distributing a dividend. Derluks said it aims to help the share price reflect the company’s performance.
This article was produced with the help of AI technology. Source: Yahoo Finance
