Metgün Energy Repurchases 101,766 Shares on October 12
The latest buyback was made under a September board decision setting a 50,000,000 lira nominal share limit and a 950,000,000 lira ceiling.
Key takeaways
- Metgün repurchased 101,766 shares on October 12 at prices between 20.46 and 20.60 lira.
- The board decision sets a 50,000,000 lira nominal share limit and a 950,000,000 lira maximum payment.
Metgün Enerji Yatırımları repurchased 101,766 of its shares on October 12, paying between 20.46 and 20.60 lira per share, according to a KAP filing by the company.
The purchase was made under a board decision dated September 28. That decision set a buyback limit of 50,000,000 lira in nominal share value and a maximum payment of 950,000,000 lira.
A buyback means the company purchases its own existing shares; it does not provide new capital to the company. Metgün said the program aims to support price formation and protect shareholder interests, citing its view that the share price did not reflect operating performance.
This article was produced with the help of AI technology. Source: Yahoo Finance
