Kapeks Kimya Buys Back 95,000 Shares on October 12
The company paid an average of TL 52.9158 per share and said its total treasury shares reached 0.41213% of capital.
Key takeaways
- Kapeks Kimya repurchased 95,000 shares on October 12 at an average TL 52.9158 each.
- The company said its treasury shares reached 515,569 nominal TL, or 0.41213% of capital.
Kapeks Kimya repurchased 95,000 of its shares on October 12 at an average price of TL 52.9158, according to its KAP disclosure. The company said its total treasury shares reached 515,569 nominal TL, equal to 0.41213% of its capital.
The company said it believes its Borsa Istanbul valuation does not reflect its actual performance and that the buyback is intended to support healthy price formation. A buyback means the company purchases its own existing shares; it is not a dividend payment to shareholders.
The program, launched on October 2, allows repurchases of up to 10 million nominal TL of shares, with a maximum payment of TL 750,000,000. The disclosure does not say how much of those limits has been used.
This article was produced with the help of AI technology. Source: Yahoo Finance
