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 | ||||||||||
At the meeting of our Company's Board of Directors held on October 8, 2026; In light of recent fluctuations in the stock market and considering that the market price of our Company's shares traded on Borsa İstanbul does not reflect the actual performance of our Company's investments and operations, with the aim of protecting shareholders and supporting the formation of our Company's share price at a level reflecting its fair value, within the framework of the Capital Markets Board's Communiqué on Repurchased Shares, Principle Resolution No. i-SPK.22.9 (dated March 19, 2025, and numbered 16/531), published in the Capital Markets Board's Bulletin No. 2025/16 dated March 19, 2025, Principle Resolution No. 18/574 dated March 23, 2025, published in the Capital Markets Board's Bulletin No. 2025/18 dated March 23, 2025, and Principle Resolution No. i-SPK 22.9.a (dated September 22, 2026, and numbered 60/1711), published in the Capital Markets Board's Bulletin No. 2026/63 dated September 22, 2026, it has been resolved, effective as of today: 1) To initiate a share buyback program in order to contribute to the formation of our Company's share price at a level reflecting its fair value and to protect shareholders, considering that the current share price does not reflect the actual performance of our Company's investments and operations; 2) To determine the maximum number of shares that may be repurchased as 100,000,000 Group B shares, with an aggregate nominal value of TRY 100,000,000; 3) To allocate a maximum amount of TRY 1,400,000,000 from our Company's own resources to finance the share buyback transactions; 4) To determine that the share buyback program shall remain valid for a maximum period of one month from the date of its approval by our Board of Directors; 5) To authorize the Company's management to carry out the relevant transactions; To make the necessary material event disclosures on the Public Disclosure Platform (KAP) regarding the repurchase of our Company's shares and to present the resolution concerning the share buyback program, together with the purchases to be made under the program, to the shareholders for their information at the first General Assembly Meeting. The resolutions were adopted unanimously. This is hereby announced to the public. Yours sincerely, This disclosure has been translated into English, and in the event of any discrepancy between the Turkish and English versions, 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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