Erciyas Steel Pipe Buys Back 965,200 Nominal TL of Shares
The company reported a B-group share repurchase at an average 40.81 lira per share, bringing cumulative buybacks to about 2.8% of capital.
Key takeaways
- Erciyas bought back B-group shares with a nominal value of 965,200 TL on October 13.
- The average transaction price was 40.81 TL per share.
- Total shares bought back across programs reached 2,175,646, about 2.8% of capital.
Erciyas Steel Pipe bought back B-group shares with a nominal value of 965,200 TL on October 13, at an average price of 40.81 TL per share, according to a KAP disclosure by the company.
The purchase was part of a program launched under a September 18 board decision. The program sets a maximum of 5 million TL nominal value of shares and a maximum payment of 500,000,000 TL.
Including earlier programs, Erciyas said it has bought back 2,175,646 B-group shares, equal to about 2.8% of its capital. A buyback means the company purchases its existing shares; it is not a dividend payment. The company said its aims include supporting price stability and protecting stakeholders’ interests.
This article was produced with the help of AI technology. Source: Yahoo Finance
