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BİM BİRLEŞİK MAĞAZALAR A.Ş.

Transaction in Own Shares May 8, 2018

5896_rns_2018-05-08_6fea3560-3a31-42be-9ab2-7819bc657624.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 BİM BİRLEŞİK MAĞAZALAR A.Ş.
Company Subject to Buy-Back BİM BİRLEŞİK MAĞAZALAR 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 08.05.2018
Number Of Shares To Be Acquired 2.000.000
Maximum Amount To Be Paid 150.000.000

Additional Explanations

The Board of Directors has decided on 8 May 2018;

  1. to purchase the Company's shares back in the Stock Exchange in regard to announcements dated 21.07.2016 and 25.07.2016 of the Capital Markets Board of Turkey d ue to the share price does not reflect the actual performance of the Company's activities,
  2. to determine the maximum number of shares that may be subject to buy-back will be in number of shares 2,000,000 (nominal TRY 2.000.000)

  3. to determine share buy back fund amount as TRY 150.000.000 maximum, subject to cover it from Company internal sources,

  4. to authorize Haluk Dortluoglu, Executive Committee Member and CFO, for the transactions. In the event of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

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