EKIM Buys 3,312,800 Shares in Latest Buyback
EKIM reported its October 12 repurchase and said its cumulative purchases now equal 2.01% of company capital.
Key takeaways
- EKIM repurchased 3,312,800 shares on October 12 at a weighted average price of TL 20.3798.
- The company said total repurchases reached 16,716,406 shares, or 2.01% of its capital.
Ekim Turizm Ticaret ve Sanayi repurchased 3,312,800 shares on October 12, at prices from TL 19.36 to TL 21.16 and a weighted average of TL 20.3798, according to its KAP filing. The company said those purchases brought total buybacks to 16,716,406 shares, equal to 2.01% of its capital.
The purchases are part of a program approved by the board on July 14. The company set a nominal share limit of TL 40,000,000 and a maximum expenditure of TL 1 billion for the program. A buyback means the company purchases its existing shares, rather than making a dividend payment. EKIM said the program aims to support healthy price formation in the share market.
This article was produced with the help of AI technology. Source: Yahoo Finance
