Kuzugrup Adds 224,500 Shares to Its Buyback Holdings
The company reported its October 9 repurchase and said its total treasury-share holdings under the program reached 715,375 shares.
Key takeaways
- Kuzugrup repurchased 224,500 shares on October 9 at a weighted average price of TL 17.47.
- The company said its total holdings under the buyback program reached 715,375 shares, or 0.36% of capital.
Kuzugrup Gayrimenkul Yatırım Ortaklığı repurchased 224,500 of its own shares on October 9, at a weighted average price of TL 17.47, according to its KAP disclosure. The company said the shares were bought for TL 16.80 to TL 17.51 each.
The repurchase was made under a one-year buyback program approved by the board on October 1. The program allows for up to 7 million nominal shares, with TL 150,000,000 allocated.
Kuzugrup said its total holdings under the program reached 715,375 shares, equal to 0.36% of its capital. A company buyback means the company purchases existing shares; it is not a dividend payment or new capital raised from investors.
This article was produced with the help of AI technology. Source: Yahoo Finance
