Ulusoy Un Buys Back 1,627,780 Shares on Oct. 12
The company reported purchases at 6.76 to 6.86 lira per share under a buyback program announced on Oct. 5.
Key takeaways
- Ulusoy Un bought back 1,627,780 shares on Oct. 12.
- The reported purchase prices ranged from 6.76 to 6.86 lira per share.
Ulusoy Un bought back 1,627,780 of its own shares on Oct. 12 at prices ranging from 6.76 to 6.86 lira per share, according to the company’s filing with KAP.
The purchases were made under a program launched by a board decision dated Oct. 5. The program allows buybacks for one year from the public announcement of that decision, up to 75,000,000 lira in nominal share value, with 525,000,000 lira allocated.
A buyback means the company purchases existing shares, rather than issuing new shares to raise capital. The filing reports the day’s transactions but does not state how the purchases affect future cash flows or share prices.
This article was produced with the help of AI technology. Source: Yahoo Finance
