Kuzu Grup GYO Repurchases 387,831 Shares Under Buyback Plan
The company says its shareholding in itself reached 1,103,206 shares after the October 12 repurchase, equal to 0.55% of capital.
Key takeaways
- Kuzu Grup GYO repurchased 387,831 shares on October 12 at a weighted average price of TL 17.27.
- The company said its total holding reached 1,103,206 shares, or 0.55% of its capital.
- The one-year program allows up to TL 7 million nominal value of shares to be repurchased, with TL 150,000,000 allocated.
Kuzu Grup Gayrimenkul Yatırım Ortaklığı repurchased 387,831 of its shares on October 12, at a weighted average price of TL 17.27 per share, according to its filing with KAP. The company said it now holds 1,103,206 of its shares, equal to 0.55% of its capital.
The reported price range for the October 12 purchases was TL 16.58 to TL 17.65 per share. The transactions were made under a one-year buyback program approved by the board on October 1.
The program sets a maximum of TL 7 million nominal value of shares and allocates TL 150,000,000. A buyback means the company purchases its own existing shares; it is not a dividend payment or new capital raised from shareholders.
This article was produced with the help of AI technology. Source: Yahoo Finance
