Metgün Energy Buys Back 928,599 Shares Under Repurchase Plan
The company says it bought back shares on October 13, within a board-approved program capped at TL 950000000 in spending.
Key takeaways
- Metgün Energy repurchased 928,599 shares on October 13 at prices between TL 20.34 and TL 20.80.
- The repurchase program allows up to TL 50000000 nominal value of shares and a maximum payment of TL 950000000.
Metgün Energy Investments repurchased 928,599 of its own shares on October 13, paying between TL 20.34 and TL 20.80 per share, according to its KAP disclosure. The filing lists a transaction price of TL 20.63.
The purchase falls under a board-approved plan dated September 28, which covers up to TL 50000000 nominal value of shares, with spending capped at TL 950000000. A company buyback means the company purchases existing shares rather than distributing a dividend.
Metgün said its aim is to support healthy price formation, protect shareholder interests and bolster investor confidence, stating that it believes its share price does not reflect its operating performance.
This article was produced with the help of AI technology. Source: Yahoo Finance
