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Kardemir announced the launch of a 740 million lira share buy-back programme

Kardemir initiated a share buy-back programme with a maximum value of 750 million Turkish Liras within a 2-year period.

Kardemir announced the launch of a 740 million lira share buy-back programme

In the statement made by the company to the Public Disclosure Platform (KAP), it was stated that the board of directors of the company decided to initiate a buy-back programme in order to protect investors by supporting the formation of healthy price and quantity movements and price stability in the company's share market.

In the statement, it was stated that it was decided that up to 34 million 200 thousand TL nominal value shares will be repurchased and the resource allocated for the repurchase programme will be determined as a maximum of 750 million TL.

In the statement, it was stated that the information about the repurchase programme and the transactions to be made within the scope of the repurchase programme will be included in the agenda of the first ordinary general assembly meeting to be held and will be submitted to the shareholders at the general assembly, "It was decided to carry out the transactions within the scope of the repurchase programme within a period of 2 (two) years from the date of the decision".

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