In accordance with the board of directors' decision dated 15.02.2023, numbered 2023/12, and revised by the board of directors' decision dated 21.02.2024 numbered 2024/04 and dated 23.02.2024 numbered 2024/05, our company has repurchased its shares within the share buyback program. The repurchased shares of MAGEN with a nominal value of TRY 8,625,193,36 was sold to the related party, our company's Chairman of the Board, Yusuf ŞENEL, in compliance with Rule 7.1 of the Istanbul Stock Exchange (Borsa İstanbul A.Ş.) Wholesale Trading Procedures for Trading Companies' Shares, at a price of TRY 16,00 per share, without any change in control power. After the sale, our company has realized a profit of TRY 4,391,153.15.
As a result of this transaction, the share of Yusuf ŞENEL in our company's capital has risen to 6,38%. With the transfer of the sold shares, the total repurchased shares of our company have decreased from 8,629,999,61 to 4.806,25, and the share of these repurchased shares within our company's capital has decreased from 0,7314% to 0,0004%.
With the wholesale trade transaction realized on 29.03.2024, our Company's total gain from these transactions is TRY 42,261,109.15.