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Additional Explanations
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In accordance with Article 22 of the Capital Markets Law, Capital Market Board's Communique II-22.1 on Share Buybacks and the related announcements dated 21.07.2016, 25.07.2016, and 23.03.2020; it has been evaluated that the share price of our company does not reflect the actual performance of the Company's activities. In this respect, in order to protect the shareholders and to contribute to the formation of stable and appropriate prices, the Board of Directors resolved to;
1. Initiate a share buyback program from the market in accordance with article 3 of the Company's Articles of Association and the exemption decision of the Capital Markets Board's exemption decision regarding the buyback, dated 11.02.2022 and numbered E-29833736-622.99-17207,
2. Determine the maximum number of shares that may be subject to buy-back be 20,000,000 with a total nominal value of 20,000,000 TL,
3. Determine the maximum amount of funds to be allocated for share buybacks to be 170,000,000 TL, which will be sourced from the current Company sources,
4. Present the buyback transaction to be carried out with the decision of the Board of Directors to the information of General Assembly of shareholders by including such buyback transaction in the first upcoming General Assembly's agenda.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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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.