Söke Buys 742,111 Shares Under Buyback Program
The company repurchased shares on Oct. 13 at prices from 7.66 to 8.02 lira, under a program approved by its board.
Key takeaways
- Söke repurchased 742,111 shares on Oct. 13.
- The purchases were made at prices between 7.66 and 8.02 lira per share.
- The buyback program has a 210,000,000 lira fund limit and a one-year term.
Söke Değirmencilik repurchased 742,111 of its own shares on Oct. 13, at prices ranging from 7.66 to 8.02 lira per share, according to a company disclosure to KAP.
The purchases were made under a buyback program approved by the board on Oct. 5. The program allows purchases of up to 30 million lira in nominal share value, with 210,000,000 lira allocated to fund them.
A buyback means the company purchases its existing shares; it is not a dividend payment to shareholders. The program is set to run for one year from the public announcement of the board decision.
This article was produced with the help of AI technology. Source: Yahoo Finance
