Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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On October 1, 2026, the Board of Directors of KuzuGrup Gayrimenkul Yatırım Ortaklığı A.Ş. resolved: 1- To initiate a share buyback program pursuant to Article 379 of the Turkish Commercial Code, Article 22 of Capital Markets Law No. 6362, the Capital Markets Board's Communiqué on Repurchased Shares No. II-22.1, and its Principle Decisions No. i-SPK.22.9 and i-SPK.22.9.a, with the aim of protecting shareholders' interests, contributing to sound and stable share price formation, and supporting investor confidence, based on the assessment that, under current market conditions, the market price of the Company's shares traded on the Main Market of Borsa İstanbul A.Ş. under the ticker symbol KZGYO does not fully reflect the Company's operating performance and financial position; 2- To set the maximum number of shares to be repurchased at 7,000,000 shares with an aggregate nominal value of TRY 7,000,000, representing 3.5% of the Company's issued share capital; 3- To set the maximum amount of funds allocated to share buyback transactions at TRY 150,000,000 to be financed from the Company's own resources; 4- To publicly disclose that the share buyback transactions are not expected to adversely affect the Company's liquidity, financial position, operating results, or business continuity; 5- To set the maximum duration of the share buyback program at 1 (one) year, commencing on the date of the Board resolution, and to terminate the program before its expiry if the maximum number of shares to be repurchased is reached; 6- To authorize the Company's Management to implement the Share Buyback Program, to make the necessary disclosures on the Public Disclosure Platform (KAP) regarding buyback transactions and developments, and to present information on the program to shareholders at the next General Assembly meeting. We respectfully submit this information to the public. Yours faithfully, KuzuGrup Gayrimenkul Yatırım Ortaklığı A.Ş. This statement has been translated into English for informative 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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