Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Details of Buy-Back | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Completion of Buy-Back | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Additional Explanations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Due to the ongoing capital increase process of our Company, no share buyback or sale transactions may currently be carried out pursuant to Article 10/2 of the Communiqué on Share Buybacks. As per the resolution of the Board of Directors of our Company dated 09/12/2025, the share buyback program initiated thereunder had been determined, as disclosed in our material event disclosure dated 09.12.2025, to remain in effect until the first general assembly meeting to be held. As the general assembly meeting of our Company will be held on 21/05/2026, the Share Buyback Program will, in any event, expire on such date. As it will not be possible to complete the capital increase process by such date, no share buyback or sale transactions may be carried out until then. For these reasons, having assessed that the Share Buyback Program no longer serves any practical purpose, our Board of Directors has resolved, with its decision dated 20.05.2026 and numbered 2026/10, to terminate the Share Buyback Program. Pursuant to Article 12 of the Communiqué on Share Buybacks, the transactions carried out under the program are presented to the information of our investors as follows: 1) During the program period, a total of 3.753.472 shares were repurchased at an average price of 59.93 TRY, with a maximum total consideration amounting to TRY 224,928,642. 2) The total cost of the share buyback program is TRY 224,928,642. 3) The ratio of the repurchased shares to the Company's share capital is 0.91227%. 4) The repurchased shares have not been disposed of as of the date of this material event disclosure. In accordance with the Communiqué on Share Buybacks and the principle decision of the Capital Markets Board dated 19.03.2025 (No. 16/531 and i-SPK.22.9), such shares may be disposed of within three years from the repurchase date or may be retained in the Company's portfolio, provided that the provisions of the Communiqué are complied with. 5) The transactions carried out within the scope of the Share Buyback Program will also be submitted to the information of our investors at the ordinary general assembly meeting of our Company to be held on 21/05/2026. We respectfully submit this information to the public and our investors. The English translation of this disclosure has been disclosed to the public simultaneously, and in the event of any discrepancy between the disclosure texts, the Turkish disclosure shall prevail. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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