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Additional Explanations
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Based on the permission rendered in the press release announced by the Capital Market Board on 21 th and 25 th of July 2016, the board of directors made a resolution to buyback shares of the Company in the stock exchange market without any limitation under these circumstances.
In this context,
1) In order to protect the interests of minority shareholders, the company shall be able to buy back own shares in the stock exchange market 2) The General Manager Mr. Cengiz TAŞ and the Financial Affairs Director Mr. Erdinç KAZAK are duly authorized to buyback shares of the company in the stock exchange market 3) The cap for funds to be used for buyback shall be set as TRY 200,000,000.00 (two hundred million Turkish Liras) 4) The maximum nominal value of shares for buyback shall be 20,000,000.00 TL (twenty million Turkish Liras).
are decided.
Submitted to the public information.
Yours Respectfully
Material Disclosure Announcement has been prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will 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.