Erciyas Çelik Boru Buys Back 1,099,000 ERCB Shares
The company repurchased shares worth 1,099,000 nominal value on Oct. 12, as part of a program launched in September.
Key takeaways
- Erciyas Çelik Boru repurchased 1,099,000 nominal-value B shares at an average TL 37.64 each on Oct. 12.
- Including earlier programs, the company says it has bought back 1,210,446 B shares, about 1.56% of its capital.
Erciyas Çelik Boru bought back 1,099,000 nominal-value B-group shares on Oct. 12, at an average price of TL 37.64 per share, according to its KAP filing.
The purchase is part of a buyback program launched under a board decision dated Sept. 18. The stated program limits are 5 million TL in nominal share value and a maximum payment of TL 500,000,000.
Including purchases under earlier programs, the company said it has bought back 1,210,446 B-group shares, equal to about 1.56% of its capital. A buyback means the company purchases its existing shares; it is not a dividend payment or new capital for the company.
The company said the program aims to support price stability and protect stakeholders’ interests. The filing does not give a timetable for further purchases.
This article was produced with the help of AI technology. Source: Yahoo Finance
