Kervan Gida Buys Back 348,080 Shares on Oct. 13
The company said its cumulative buybacks reached 42,873,723 shares, equal to 1.98% of its capital.
Key takeaways
- Kervan Gida repurchased 348,080 shares on Oct. 13 at an average price of 2.1687 lira.
- The company said total repurchases to date reached 42,873,723 shares, or 1.98% of capital.
Kervan Gida repurchased 348,080 shares on Oct. 13 at an average price of 2.1687 lira, according to a company disclosure to KAP. The shares were bought within the buyback program launched by a board decision on Sept. 28.
A buyback means the company purchases its own existing shares; it is not a dividend payment to shareholders. The program can run for up to three years, with a maximum of 15 million nominal shares and 50,000,000 lira allocated.
The company said total shares repurchased to date reached 42,873,723, equal to 1.98% of its capital. The disclosure did not specify a further step or timetable.
This article was produced with the help of AI technology. Source: Yahoo Finance
