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Additional Explanations
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Our Board of Directors decided at their meeting that; in accordance with CMB's announcements dated 21.07.2016 and 25.07.2016, due to our share's value at Borsa Istanbul (BIST) not reflecting our company's performance, and in order to contribute to the medium where our company's shares have fair pricing at the stock exchange and for the benefit our shareholders, especially our small shareholders, our company can buy back our shares at BIST, -The maximum shares to be bought back will not surpass 10% of our paid-in capital, including previously bought shares, and the maximum fund to be allocated to share buyback will be 30.000.000 TL, - Our company's CFO Gülnur Anlaş is authorized for share buyback, - 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, - The announcement of this BOD resolution on share buyback program will be as Material Disclosure, - The disclosure obligations in accordance with CMB's announcements dated 21.07.2016 and 25.07.2016 and Communique on Buy-Backed Shares (II-22.1) will be fulfilled.
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.