Ekinçiler Steel buys back 450,073 shares on Oct. 9
The purchase brought the company’s total buybacks under its current program to 1,695,950 shares, or 0.5299% of issued capital.
Key takeaways
- Ekinçiler bought back 450,073 shares at an average price of TL 30.90 on Oct. 9.
- The program’s total repurchases reached 1,695,950 shares, equal to 0.5299% of issued capital.
Ekinçiler Demir ve Çelik bought back 450,073 of its EKDMR shares on Oct. 9, at an average price of TL 30.90, according to its KAP disclosure. The shares traded in a price range of TL 30.42 to TL 31.36 in the transaction.
The purchase was made under a buyback program launched on Sept. 22 and revised on Oct. 6. The company said total shares repurchased under the program reached 1,695,950, or 0.5299% of its issued capital.
A buyback means the company purchases its own existing shares; it is not a dividend payment. The program is set to run for one year and provides for up to TL 5 million nominal value of shares, with TL 350,000,000 allocated to fund purchases.
This article was produced with the help of AI technology. Source: Yahoo Finance
