With the Board of Directors' decision dated 31.01.2024, our company has resolved the following, as the stock value of our company on Borsa Istanbul is considered not to reflect the company's actual performance, and to protect the interests of all our shareholders, especially our publicly traded shareholders, and to contribute to the formation of a fair price:
- a) To initiate share buyback transactions for a period of 1 year on Borsa Istanbul, within the authority provided in Article 10 of our Company's Articles of Association; b) To repurchase up to 18,500,000 shares with a nominal value of 18,500,000 TL, representing 5% of our company's issued capital; c) To allocate a fund of up to 925,000,000 TL for the buyback, to be financed from the company's existing resources.
In accordance with the CMB’s (Capital Markets Board) Principle Decision No. 9/177 dated 14.02.2023, the Board of Directors' decision, which includes the purpose of the buyback, maximum duration, maximum number of shares, and maximum fund amount, was published on the Public Disclosure Platform on 01.02.2024. All buyback transactions are carried out in accordance with this decision and the applicable regulations.