|
||||||||
|
||||||||
|
||||||||
Additional Explanations
|
||||||||
The Board of Directors of our Company resolved the following decisions.
1.
In accordance with CMB's announcements dated 21.07.2016 and 25.07.2016,in order to decrease adverse effect, in the event the extraordinary situation at the markets and/or to invest the cash surplus held by the company in Turkish Lira, our company can buy back our shares at BIST,
2.
To be bought back will not surpass 10% of our paid-in capital, (3.960.000 shares) and the maximum fund to be allocated to share buyback will be 20.000.000 TL,
3.
To authorized Financial Affair Director Serkan Uyanık and General Manager Can Sayar to execute the buyback transactions within the determined limits.
4.
The share buy back program will be executed according to this Board of Director's resolution and the information regarding the Share Buyback Program will be provided at the next General Assembly,
5.
To disclose as the resoluiton has taken by the Board of Directors with no price target and price expectation.
|
||||||||
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.