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Kervan Gıda Buys Back 650,000 Shares on Oct. 12
The company said its cumulative repurchases reached 42,525,643 shares, equal to 1.97% of its capital.
Key takeaways
- Kervan Gıda bought back 650,000 shares on Oct. 12 at an average price of TL 2.1881.
- The company said cumulative repurchases reached 42,525,643 shares, or 1.97% of capital.
Kervan Gıda bought back 650,000 shares on Oct. 12 at prices between TL 2.17 and TL 2.20, averaging TL 2.1881, according to its KAP filing.
The company said total repurchases to date reached 42,525,643 shares, equal to 1.97% of its capital. The program, approved by the board on Sept. 28, can run for up to three years and has a TL 50,000,000 fund.
A buyback is the company’s purchase of its existing shares, rather than a new share issue that raises capital. The filing does not specify when another purchase may take place.
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This article was produced with the help of AI technology. Source: Yahoo Finance
