Ege Yapı GYO Corrects Filing for 139,596-Share Buyback
The company reported spending 2,395,144 TL on its October 12 repurchase, under a program approved by its board in September.
Key takeaways
- Ege Yapı GYO bought back 139,596 shares on October 12 for 2,395,144 TL.
- The company said repurchased shares reached 3.26691% of its capital.
Ege Yapı Avrupa Gayrimenkul Yatırım Ortaklığı said it bought back 139,596 of its shares on October 12 for 2,395,144 TL. In a filing to KAP, the company said it was correcting the reported buyback amount.
The company said shares repurchased under the program reached 3.26691% of its capital. The program, approved by the board on September 1, allows purchases of up to 13,500,000 nominal TL, with a maximum payment of 400,000,000 TL.
The company said the buyback aims to curb excessive share-price fluctuations and protect shareholders’ interests. A buyback means the company purchases its existing shares; it is not a dividend payment or a sale of new shares. The filing does not state the amount previously reported.
This article was produced with the help of AI technology. Source: Yahoo Finance
