Gentaş Buys Back 189,602 Shares Under Repurchase Program
The company says its repurchased shares now total 919,377, equal to 0.1226% of its capital, under a program launched October 5.
Key takeaways
- Gentaş repurchased 189,602 shares on October 12 at 4.02–4.03 TL each.
- The company says it now holds 919,377 shares, equal to 0.1226% of its capital.
Gentaş Dekoratif Yüzeyler bought back 189,602 of its shares on October 12, at prices between 4.02 TL and 4.03 TL, according to its KAP disclosure. The company said its total holdings under the program reached 919,377 shares, or 0.1226% of its capital.
The buyback is part of a program launched by a board decision on October 5. It allows purchases through October 5, 2028, up to a maximum of 15 million shares, with 100,000,000 TL allocated to the program.
A buyback means the company purchases its own existing shares; it is not a payment to shareholders or new capital for the company. Gentaş said the program aims to support the share price reflecting the company’s performance, prevent unhealthy price movements and protect shareholders’ interests.
This article was produced with the help of AI technology. Source: Yahoo Finance
