Metgün Enerji Buys Back 2,372,465 Shares in One Day
The company disclosed its latest buyback transactions, including purchases on Oct. 9 under a program approved by its board.
Key takeaways
- Metgün Enerji bought back 2,372,465 shares on Oct. 9 at prices between 19.85 and 20.58 lira.
- The board’s buyback authorization covers up to 50,000,000 nominal lira of shares, with a maximum payment of 950,000,000 lira.
Metgün Enerji Yatırımları bought back 2,372,465 of its own shares on Oct. 9, at prices ranging from 19.85 to 20.58 lira, according to its KAP disclosure. The filing lists an işlem price of 20.23 lira per share.
The company also reported buying 94,722 shares on Oct. 8, at a listed price of 20.26 lira. The board approved the buyback on Sept. 28, authorizing purchases of up to 50,000,000 nominal lira of shares and a maximum payment of 950,000,000 lira.
Metgün said the program aims to support healthy price formation, protect shareholders’ interests and bolster investor confidence, because it believes its share price does not reflect its operating performance. A buyback means the company purchases existing shares; it is not a dividend payment or new capital for the company.
This article was produced with the help of AI technology. Source: Yahoo Finance
