Brief: Emlak Konut REIT Says It Announces Commencement Of Buyback Program With Allocated Fund Of 1.00 Bln Lira
BRIEF-Emlak Konut REIT Says It Announces Commencement Of Buyback Program With Allocated Fund Of 1.00 Bln Lira Sept 23 (Reuters) - EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI EKGYO.IS:
SAID ON TUESDAY ANNOUNCES COMMENCEMENT OF THE IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM
BOARD DECISION DATE FOR BUYBACK PROGRAM IS APRIL 21, 2025
BUYBACK PROGRAM DURATION IS 36 MONTHS
MAXIMUM OF 380 MILLION SHARES SUBJECT TO BUYBACK INCLUDES THE 4.6 MILLION SHARES (0.12%) HELD IN PORTFOLIO FROM PREVIOUS PROGRAM; ACCORDINGLY, MAXIMUM NET NUMBER OF SHARES THAT MAY ACTUALLY BE PURCHASED ON BORSA ISTANBUL UNDER PROGRAM IS 375,449,709 (9.88% OF THE ISSUED CAPITAL)
THE FUND ALLOCATED TO THE PROGRAM AMOUNTS TO 1.00 BILLION LIRA
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Further company coverage: EKGYO.IS
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