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Additional Explanations
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At the meeting of our Company's Board of Directors held on 8 March 2024, following issues were unanimously decided:
-Within the framework of the Capital Markets Board's Principle Decision dated 14 February 2023 and numbered 9/177; to execute SASA shares buy-back transactions on the Stock Exchange by Sasa Polyester Sanayi A.Ş. in order to contribute to the healthy price formation in SASA shares and to protect the interests of the shareholders.
-The maximum amount of funds reserved for share buy-back to be TRY 2.000.000.000 and covered by the Company's internal resources, and the maximum number of shares to be buy-backed not to exceed this amount.
-The maximum duration of the buy-back program to be determined as 3 year,
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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.