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Details of Buy-Back
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Completion of Buy-Back
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Additional Explanations
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Based on article 5, paragraphs 4 and 5 of Capital Markets Board's Communiqué on Share Buy-Backs dated January 3, 2014 (II-22.1), our Board of Directors had resolved on March 12, 2020 and March 26, 2020 to buy-back our Company's shares as the value of the shares did not reflect the real performance of our Company's activities and the daily weighted average share price declined more than twenty percent in the preceding month. As per these resolutions, TAV Airports bought back a total of 2,047,331 shares in Borsa Istanbul between March 13, 2020 and September 1, 2020, at an average price of TL 16.19. In accordance with the relevant communiqué, which states that the buy-back decisions are only valid until the next General Assembly, the buy-back resolution of the Board of Directors dated March 26, 2020, is no longer valid and hence automatically canceled after the Ordinary General Assembly which was held on March 22, 2021. Information on the purpose of the share buy-back, total amount of shares bought-back and the summary of transactions executed were presented as a separate agenda item to the General Assembly on March 22, 2021. |
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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.