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Additional Explanations | ||||||||||
1) Pursuant to the Capital Markets Board's Principle Decision dated 19.03.2025 and numbered 16/531 and the Communiqué on Repurchased Shares No. II-22.1 (the "Communiqué"), considering that the prices of our Company's shares traded on Borsa İstanbul do not reflect the actual performance of the Company's operations, it has been resolved to initiate a share buy-back program in order to support the formation of a healthier price for the Company's shares in the market and to protect the interests of the Company's shareholders.
2) Within the scope of the said program, a maximum fund amount of TRY 210,000,000 shall be allocated, to be financed from the Company's own resources and/or external funding sources.
3) The maximum number of shares to be repurchased shall be determined as 30,000,000 shares.
4) The duration of the share buy-back program shall be determined as a maximum of one year from the date of this resolution.
5) Pursuant to the relevant Principle Decisions, shares repurchased shall be sold on the stock exchange within 30 days from the date of repurchase, the "first in, first out" method shall be applied in calculating the 30-day period, and following the expiry of such period, the shares shall either be disposed of within a maximum period of three years in accordance with the principles set forth in the Communiqué or retained, subject to compliance with the limitations stipulated in the Communiqué.
6) Information regarding the transactions to be carried out within the scope of this resolution shall be submitted for the information of the shareholders at the first General Assembly meeting to be held by the Company.
It has been resolved accordingly. The English translation of this disclosure has been simultaneously disclosed to the public. In the event of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version 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.