Limak Doğu Anadolu Çimento Buys Back 100,000 Shares
The company said its October 12 purchase brought shares held under its buyback program to 2,114,552, or 0.410% of capital.
Key takeaways
- Limak Doğu Anadolu Çimento bought back 100,000 shares on October 12.
- The company reported 2,114,552 shares repurchased, equal to 0.410% of its capital.
Limak Doğu Anadolu Çimento repurchased 100,000 of its shares on October 12 at a weighted average price of TL 23.929 per share, the company said in a KAP disclosure. The purchase was made under a buyback program approved by its board on September 17.
The company said the total repurchased under the program reached 2,114,552 shares, equal to 0.410% of its capital. The program allows purchases of up to 25 million shares over three years, with TL 500,000,000 allocated.
A buyback means the company purchases its own existing shares; it is not a dividend payment. The disclosure reports the purchases made so far, not completion of the full program.
This article was produced with the help of AI technology. Source: Yahoo Finance
