Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Additional Explanations | ||||||||||
Pursuant to the resolution adopted by our Company's Board of Directors on October 1, 2026 (today): 1. To initiate share buyback transactions regarding our Company's shares traded on Borsa Istanbul in accordance with the Capital Markets Board Principle Decision No. İ-SPK.22.9 (dated March 19, 2025, and numbered 16/531) and the regulations set forth in Communiqué No. II-22.1 on "Shares Acquired by the Issuer" based on the principles outlined below, for the purposes of addressing the fact that the share price does not reflect the true performance of our Company's operations, protecting all our shareholders and investors, and supporting price stability; 2. To determine the maximum number of shares subject to buyback as 4,000,000 Group B shares with a nominal value of TL 4,000,000 (four million Turkish Liras), corresponding to 1.46% of the Company's issued capital as of the date of the resolution; 3. To set the maximum fund to be allocated for share buyback transactions at TL 100,000,000 (one hundred million Turkish Liras), to be funded from the Company's own resources and cash generated from operations; 4. To terminate share buyback transactions upon reaching the maximum number of shares subject to buyback, and in any event, to establish that the share buyback resolution shall remain valid for a maximum period of one year from the date of this resolution; 5. To include the share buyback transactions in the agenda of the first General Assembly meeting to be held and to submit them to the information and approval of the shareholders at the General Assembly; 6. To make the necessary material event disclosure regarding the Company share buyback transactions on the Public Disclosure Platform ; 7. To inform investors that the maximum fund amount specified in the clauses above and the validity period of the share buyback resolution (maximum one year from the date of this resolution) do not constitute a binding commitment to execute the share buyback transactions; 8. To authorize the Company Management regarding the implementation of the share buyback transactions;
It is respectfully announced to the public and our shareholders. An English translation of this statement is attached; in the event of any discrepancy between the Turkish and English texts, the Turkish text shall prevail.
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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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