Mavi Buys Back 249,372 Shares in Latest Transaction
The October 12 purchase brings Mavi’s cumulative buybacks to 17,155,000 shares, equal to about 2.16% of its capital.
Key takeaways
- Mavi repurchased 249,372 B-group shares on October 12 at an average price of TL 37.6510.
- Total buybacks under the program reached 17,155,000 shares, about 2.16% of capital.
Mavi Giyim repurchased 249,372 of its B-group shares on October 12, at an average price of TL 37.6510 per share, according to a KAP filing by the company.
The latest purchase was made at prices ranging from TL 37.58 to TL 37.68. With this transaction, Mavi’s total buybacks reached 17,155,000 shares, equal to about 2.16% of its capital.
A buyback means the company is purchasing its own existing shares, rather than paying a dividend. The company says its program aims to support price stability and shareholder value, with the repurchased shares intended for cancellation; the filing does not say that cancellation has taken place.
This article was produced with the help of AI technology. Source: Yahoo Finance
