Mavi Reports Another Purchase Under Its Buyback Program
The company bought B-group shares with TL 250,000 nominal value, bringing its reported buyback total to about 2.19% of capital.
Key takeaways
- Mavi bought B-group shares with TL 250,000 nominal value on Oct. 13.
- The company said its cumulative buyback reached 17,405,000 shares, about 2.19% of capital.
Mavi Giyim bought B-group shares with a nominal value of TL 250,000 on Oct. 13, at prices from TL 37.40 to TL 37.56 per share. The company reported an average price of TL 37.4864.
The purchases are part of a buyback program launched under a Sept. 16 board decision. Mavi said the total repurchased so far is 17,405,000 B-group shares, equal to about 2.19% of its capital.
The program sets a maximum repurchase amount of TL 39,725,600 nominal value and a maximum payment of TL 1 billion. A buyback means the company purchases its own existing shares rather than paying a dividend. Mavi says its aims include supporting price stability and canceling the repurchased shares.
This article was produced with the help of AI technology. Source: Yahoo Finance
