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Additional Explanations
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In accordance with the authorisation granted at the General Assembly meeting dated 25.07.2020 and the announcements made by the Capital Markets Board on 21.07.2016 and 25.07.2016, our Board of Directors has authorised the management, to buy back the Company's shares in order to support the healthy pricing in the stock market.
Accordingly, the Board of Directors resolved to;
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determine the maximum amount of funds to be allocated for share buyback to be TL 500,000,000,
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determine the maximum number of shares that may be subject to buy-back to be 2,000,000,000 shares (nominal amount of TL 20,000,000),
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inform shareholders on the share buyback transactions at the first upcoming General Assembly Meeting,
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jointly authorise our Chief Executive Officer, CEO and Chief Financial Officer, CFO for the transactions.
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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.