Kardemir repurchases shares with 175,107 lira nominal value
The October 13 purchase was made under a four-month buyback program with a 750,000,000 lira fund and a 11,400,000 lira nominal cap.
Key takeaways
- Kardemir bought back D-group shares with 175,107 lira nominal value on October 13.
- The shares traded at a weighted average price of 43.56 lira.
Kardemir bought back D-group KRDMD shares with a total nominal value of 175,107 lira on October 13, according to a company disclosure to KAP. The weighted average purchase price was 43.56 lira per share.
The company said the purchases were made under a buyback program approved by its board on September 25. The program runs for four months, allows a maximum nominal amount of 11,400,000 lira, and has a total fund allocation of 750,000,000 lira.
A buyback means Kardemir is purchasing its own existing shares, rather than issuing new shares or paying a dividend. The disclosure does not state whether the program will lead to further purchases.
This article was produced with the help of AI technology. Source: Yahoo Finance
