In the Board Meeting held on 01.02.2024, the Board of Directors unanimously decided that;
As a result of the effects of emerging markets and market conditions as well as the global economic developments on our industry and their reflections on the Turkish capital markets, Sarkuysan Elektrolitik Bakır Sanayi ve Ticaret A.Ş. evaluated that the value of our company set in Borsa Istanbul did not reflect the actual performance of the activities of the Company, and in order to protect the interests of our shareholders and contribute to a healthy price listing;
· the share buyback process from the stock exchange should be initiated as per the announcements of Capital Markets Board dated 21.07.2016, 25.07.2016 and 23.03.2020,
· the buyback program should be sustained for a period of at least 1 year,
· the maximum number of shares that can be subject to the buyback should be set as 2,000,000.00.-TL in nominal terms,
· a fund of 100,000,000.00.- TL should be reserved for the share buyback,
· the buyback process to be carried out should be included in the agenda of the first general assembly meeting and submitted to the information and approval of the shareholders at the general assembly.
We would like to disclose respectfully to the public.
"This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail."
PDF
WORD
EXCEl