Markets News
Stocks1 min read
Tukaş Adds 3 Million Shares to Its Buyback Holdings
The latest transaction takes Tukaş’s reported holdings to 173,000,000 shares under a buyback program running through September 2027.
Key takeaways
- Tukaş bought 3 million of its own shares on Oct. 12 at TRY 1.98 to TRY 1.99.
- The company reported holdings of 173,000,000 shares after the purchase.
- The buyback program runs through Sept. 21, 2027, with a maximum nominal amount of TRY 500,000,000.
Tukaş Gıda Sanayi ve Ticaret bought 3 million of its own shares on Oct. 12 at prices between TRY 1.98 and TRY 1.99, taking its reported holdings to 173,000,000 shares, according to an updated KAP filing by the company.
The board-approved program began on Sept. 21, 2026, and is scheduled to run until Sept. 21, 2027. It sets a maximum nominal buyback amount of TRY 500,000,000 and allocates TRY 1 billion for purchases.
A buyback means the company purchases its own existing shares; it does not provide new capital to the business.
Topics
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
