Ulusoy Un Buys Back 1,867,076 Shares in One Day
The company repurchased shares at 6.87 to 7 lira under a one-year program with a 525,000,000 lira fund allocation.
Key takeaways
- Ulusoy Un repurchased 1,867,076 shares on October 9 at 6.87 to 7 lira each.
- The program sets a 75,000,000 lira nominal share limit and allocates 525,000,000 lira.
Ulusoy Un repurchased 1,867,076 of its shares on October 9, at prices ranging from 6.87 to 7 lira per share, according to a company disclosure to KAP.
The purchases were made under a buyback program launched by a board decision dated October 5. The program allows repurchases of up to 75,000,000 lira nominal value of shares and has a total fund allocation of 525,000,000 lira. It is set to run for one year from the public announcement of the board decision.
A buyback means the company purchases its own existing shares; it is not a dividend payment to shareholders.
This article was produced with the help of AI technology. Source: Yahoo Finance
