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TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.

Transaction in Own Shares Feb 26, 2021

5972_rns_2021-02-26_3d91ffe3-8e6f-4d77-9a9a-a4de6c988ae0.html

Transaction in Own Shares

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Summary Info About launching share buy-back program
Update Notification Flag No
Correction Notification Flag No
Postponed Notification Flag No
Company Performs the Buy-Back TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
Company Subject to Buy-Back TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
Type Of Buy-Back Other
The Purpose of Buy-Back The share price does not reflect the actual performance of the Company's activities
Board Decision Date 26.02.2021
Number Of Shares To Be Acquired 15.000.000.000
Maximum Amount To Be Paid (TL) 1.200.000.000

Additional Explanations

Based on the resolution taken by the Board of Directors on 26 February 2021;

  • to repurchase its shares on the Stock Exchange with respect to the announcements made by the Capital Markets Board of Turkey on 21.07.2016 and 25.07.2016,

  • to determine the maximum number of shares, which may be subject to the buyback, as 15,000,000,000 (nominal TRY 150,000,000)

  • to determine the maximum amount of funds to be allocated for the share buyback as TRY 1,200,000,000, and to finance respective share repurchases from the Company's internal resources,

  • to submit the share buyback program to the shareholders' approval at the upcoming General Assembly Meeting

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