Sabancı Holding Sets 7 Billion Lira Share Buyback Plan
The three-year program allows up to 42 million lira nominal value of shares to be repurchased, with a 7 billion lira funding cap.
Key takeaways
- Sabancı Holding approved a share buyback program with up to 7 billion lira in funding.
- The company may repurchase up to 42 million lira nominal value of shares over a maximum of three years.
Sabancı Holding approved a share buyback program with a funding cap of 7 billion lira. The company may repurchase shares with a maximum nominal value of 42 million lira.
The program can run for up to three years. Shares bought under it will not be sold while the program remains in effect, and the company said the plan aims to support stable share pricing and protect shareholder interests.
As of 10:55 UTC on Friday, Sabancı Holding shares traded at 86.35 lira, up 1.17% since the previous close. The program will be presented to shareholders at the next general meeting.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
