Gentaş adds 350,000 shares to its buyback holdings
The company’s October 9 purchase brought its shares held under the program to 729,775, or 0.0973% of its capital.
Key takeaways
- Gentaş bought back 350,000 shares on October 9 at prices between TL 4.20 and TL 4.23.
- Its program holdings reached 729,775 shares, equal to 0.0973% of capital.
Gentaş bought back 350,000 of its shares on October 9 for between TL 4.20 and TL 4.23 each, according to a company disclosure to KAP. The purchase brought the company’s holdings under its buyback program to 729,775 shares, or 0.0973% of its capital.
A buyback means the company purchases its existing shares; it does not raise new capital for the company. Gentaş’s program, launched under a board decision dated October 5, allows for purchases of up to 15 million shares, with TL 100,000,000 allocated. The planned period runs through October 5, 2028.
The company said the program aims to help its share price reflect its performance, prevent unhealthy and unstable price formation, and protect shareholders’ rights and interests.
This article was produced with the help of AI technology. Source: Yahoo Finance
