Ekim Turizm buys back 1,889,573 shares in October 9 trading
The company said its latest purchases brought total shares bought back under the program to 13.4 million, or 1.61% of capital.
Key takeaways
- Ekim Turizm bought back 1,889,573 shares on October 9, equal to 0.22% of its capital.
- Total shares bought back reached 13,403,606, or 1.61% of capital.
Ekim Turizm bought back 1,889,573 of its own shares on October 9, equal to 0.22% of its capital, according to a company disclosure to KAP.
The purchases were made under a program launched by a board decision dated July 14. The company reported that total shares bought back under the program had reached 13,403,606, or 1.61% of capital.
The program sets a maximum payment of 1 billion lira and a share amount of 40,000,000 lira in nominal value. A buyback means the company purchases existing shares; it is not a dividend payment or new capital for the company. Ekim Turizm 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
