Tukaş Repurchases 7 Million Shares, Holdings Reach 180000000
The latest purchase is part of a one-year buyback program that allows up to 500000000 shares to be repurchased.
Key takeaways
- Tukaş bought back 7 million shares on Oct. 13 at 1.97 to 2.01 liras each.
- The company said its own-share holdings reached 180000000.
- The one-year program allows repurchases of up to 500000000 shares.
Tukaş Gıda bought back 7 million of its shares on Oct. 13 at prices ranging from 1.97 to 2.01 Turkish liras, the company said in a KAP filing. Its holdings of its own shares reached 180000000.
The purchases are part of a program launched under a Sept. 21 board decision. The program covers Sept. 21, 2026, to Sept. 21, 2027, and sets a maximum repurchase of 500000000 nominal shares, with 1 billion liras allocated.
A buyback means the company purchases its existing shares rather than paying a dividend. It changes the shares held by the company, rather than making a direct cash payment to shareholders.
This article was produced with the help of AI technology. Source: Yahoo Finance
