At the meeting of the Board of Directors of our Company held today:
Based on Article 379 of the Turkish Commercial Code No. 6102, Article 22 of the Capital Markets Law No. 6362, and the provisions of the Capital Markets Board's "Communiqué On Buy-Back of Shares" No. II-22.1;
It has been resolved that in order to minimize the impact of extraordinary developments in the markets, contribute to the provision of an environment conducive to healthy price formation for our Company's shares on the stock exchange, and ultimately protect the interests of all our stakeholders, especially our minority shareholders:
• Our Company shall be authorized to buy-back its own shares (GLYHO) from the stock exchange,
• The maximum number of shares subject to the buy-back shall be set at 195,000,000 lots (10% of our issued capital), and the maximum fund amount shall be set at TRY 2,500,000,000.
• The Share Buy-back Program shall be valid for a maximum period of 3 (three) years from the date of approval by the General Assembly,
• The attached "Share Buy-back Program (2025)" shall be submitted for approval at the upcoming General Assembly,
• The results of the buy-back transactions to be carried out within the scope of this resolution, shall be included in the agenda of the General Assembly meetings and presented to the shareholders for their information,
• Efforts are ongoing to allocate a portion of the repurchased shares to the Company's employees under the updated Compensation Policy and the Employee Stock Ownership Program to be prepared. Once these efforts are completed, this matter shall also be considered within the scope of the Share Buy-back Program.
Respectfully announced to the public.
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