Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Details of Buy-Back | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Additional Explanations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pursuant to the resolution of our Company's Board of Directors dated 12 June 2026 and numbered 2026/11, the maximum number of shares to be repurchased was determined as 25,000,000 shares (TRY 25,000,000.00 nominal value), and the fund to be allocated for the share buyback was determined as TRY 1,000,000,000.00. Subsequently, pursuant to the resolution of our Company's Board of Directors dated 28 August 2026 and numbered 2026/20, the aforementioned program was revised, and the maximum number of shares that may be repurchased was increased by an additional 25,000,000 shares (TRY 25,000,000.00 nominal value) to a total of 50,000,000 shares (TRY 50,000,000.00 nominal value), while the fund allocated for the share buyback was increased by an additional TRY 1,500,000,000.00, to be financed from the Company's equity, to a total of TRY 2,500,000,000.00. In order to protect our shareholders, ensure that the share price is formed steadily in line with its fair value, and maintain the confidence of our investors in our Company, on the grounds that the price of our Company's shares traded on Borsa İstanbul does not reflect the actual performance of our Company's operations, and within the framework of the Capital Markets Board's Communiqué No. II-22.1 on Buy-Backed Shares and the announcements made pursuant to the CMB's Principle Decision dated 19 March 2025 and numbered 16/531, it was resolved that the Company may make additional share buybacks under the existing program; The maximum number of shares that may be repurchased under the Share Buyback Program shall be increased by an additional 50,000,000 shares (TRY 50,000,000.00 nominal value) to the existing limit of 50,000,000 shares (TRY 50,000,000.00 nominal value), resulting in a total maximum of 100,000,000 shares (TRY 100,000,000.00 nominal value); The fund allocated for the share buyback shall be increased by an additional TRY 2,500,000,000.00, to be financed from the Company's equity, from the existing amount of TRY 2,500,000,000.00 to a total of TRY 5,000,000,000.00; It was further resolved that the necessary material disclosures regarding the share buyback transactions to be carried out on the Yıldız Market of Borsa İstanbul, where the Company's shares are traded, shall be made on the Public Disclosure Platform (KAP), and that the matter shall be included in the agenda of the Company's first General Assembly meeting and submitted to the information of the shareholders at the General Assembly. 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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