Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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Scheduled Period Of Buy-Back | ||||||||||
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Additional Explanations | ||||||||||
Our Company's Board of Directors convened on October 5, 2026 and resolved as follows: In order to ensure that the price of the Company's shares traded on Borsa İstanbul A.Ş. (the "Borsa") reflects the actual performance of the Company's operations, to prevent unhealthy and unstable price formation, and to protect the rights and interests of shareholders by making the necessary contribution to the share price reaching its fair value; 1. To initiate a share buyback program with respect to the Company's shares and to carry out share buyback transactions within this scope, in accordance with the provisions of the Capital Markets Board's (the "CMB") Communiqué on Buy-Backed Shares No. II-22.1, as well as the Principle Decisions numbered i-SPK.22.9 (dated March 19, 2025 and numbered 16/531) and i-SPK.22.9.a (dated September 22, 2026 and numbered 60/1711), and other applicable legislation concerning the matter; 2. To determine the maximum number of shares that may be subject to the buyback as shares with a total nominal value of TRY 15,000,000, corresponding to 2% of the Company's issued share capital of TRY 750,000,000; 3. To determine the maximum fund amount to be allocated for use in the share buyback transactions as TRY 100,000,000, and to finance such fund from the Company's equity; 4. To determine the maximum duration of the share buyback program as 2 (two) years, and to terminate the program prior to the expiry of such period if the maximum number of shares subject to the buyback is reached; 5. To make the necessary material disclosures on the Public Disclosure Platform (the "KAP") within the prescribed periods, in accordance with the Capital Markets Legislation, regarding the share buyback transactions and developments relating to the buyback; 6. To authorize the General Management to carry out the share buyback transactions and to perform all necessary actions in this regard; 7. To place this resolution and the information regarding the share buyback program on the agenda of the first General Assembly meeting of the Company to be held and to submit the same for the information of the shareholders; It has been resolved accordingly. Respectfully announced to the public. GENTAŞ DEKORATİF YÜZEYLER SAN. VE TİC. A.Ş. The English translation of this announcement has been disclosed to the public simultaneously; in the event of any discrepancy between the texts, 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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