Transaction in Own Shares • Feb 8, 2023
Transaction in Own Shares
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| Summary Info | About Share Buy Back Decision |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Company Performs the Buy-Back | TÜRK TELEKOMÜNİKASYON A.Ş. |
| Company Subject to Buy-Back | TÜRK TELEKOMÜNİKASYON A.Ş. |
| Type Of Buy-Back | Other |
| The Purpose of Buy-Back | To buy back the Company's shares in order to support the healthy pricing in the stock market. |
| Board Decision Date | 08.02.2023 |
| Number Of Shares To Be Acquired | 2.000.000.000 |
| Maximum Amount To Be Paid (TL) | 500.000.000 |
Additional Explanations
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;
- determine the maximum amount of funds to be allocated for share buyback to be TL 500,000,000,
- 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),
- inform shareholders on the share buyback transactions at the first upcoming General Assembly Meeting,
- jointly authorise our Chief Executive Officer, CEO and Chief Financial Officer, CFO for the transactions.
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