Söke Değirmencilik Repurchases 1,019,598 Shares on Oct. 12
The company bought back shares at prices from 7.72 TL to 8 TL under a one-year program launched on Oct. 5.
Key takeaways
- Söke repurchased 1,019,598 shares on Oct. 12 at 7.72 TL to 8 TL.
- Cumulative repurchases under the program reached 5,069,966 shares.
- The program allows up to 30 million shares and has a 210000000 TL fund.
Söke Değirmencilik repurchased 1,019,598 shares on Oct. 12 at prices ranging from 7.72 TL to 8 TL, according to the company’s filing with KAP. The purchases were made under a buyback program launched by a board decision on Oct. 5.
The filing’s transaction table shows cumulative repurchases of 5,069,966 shares by the last listed trade. The program allows buybacks of up to 30 million shares, with 210000000 TL allocated, and is set to run for one year from the public announcement of the board decision.
A buyback means the company is purchasing its existing shares, rather than issuing new shares to raise capital. The filing reports completed purchases but does not specify whether or when further transactions will take place.
This article was produced with the help of AI technology. Source: Yahoo Finance
