Ege Yapı GYO Buys Back 85,000 Shares Under Program
The company said its October 13 repurchase cost 1,426,700 lira, bringing repurchased shares to 3.30941% of capital.
Key takeaways
- Ege Yapı Avrupa GYO repurchased 85,000 shares on October 13 for 1,426,700 lira.
- The company said repurchased shares reached 3.30941% of its capital.
Ege Yapı Avrupa Gayrimenkul Yatırım Ortaklığı repurchased 85,000 of its shares on October 13 for 1,426,700 lira, according to its KAP disclosure. The shares bought back now represent 3.30941% of the company’s capital, it said.
The repurchase is part of a program launched under a September 1 board decision. The program covers up to 13,500,000 lira in nominal share value, with a maximum payment of 400,000,000 lira.
The company said the buyback aims to limit sharp price swings and protect shareholders’ interests. A buyback means the company purchases its existing shares; it is not a dividend payment to shareholders.
This article was produced with the help of AI technology. Source: Yahoo Finance
