Kartonsan Adds 5,000 Shares to Its Buyback Program

Kartonsan bought 5,000 of its B-group shares on October 9 for 106.50 lira each, the company said in a KAP disclosure. It reported that total repurchases under the program have reached 92,500 shares, about 0.1233% of its capital.

The buyback program, approved by the board on October 1, is set to run for one year. It allows repurchases of up to 1,000,000 nominal lira in shares, with 100,000,000 lira allocated to the program.

A buyback means the company purchases its own existing shares; it is not a dividend payment or new capital for the company.