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BİM BİRLEŞİK MAĞAZALAR A.Ş.

Transaction in Own Shares Oct 23, 2024

5896_rns_2024-10-23_23208d52-807d-4171-98a0-ace9103cca23.html

Transaction in Own Shares

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Summary Info Initiation of 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 In Order To Avoid an Imminent And Severe Loss
The Purpose of Buy-Back To protect shareholders on the grounds that the share price doesn't reflect the performance of the Company activities and to ensure that share price is formed consistently in line with its fair value
Board Decision Date 23.10.2024
Amount Of Shares To Be Acquired (Nominal TL) 2.000.000
Maximum Amount To Be Paid (TL) 1.000.000.000

Additional Explanations

Our Company's Board of Directors decided on 23.10.2024;

1) Since the condition in Article 5, Paragraph 5.b of the Communiqué on Buy-backed Shares has been met, the Company's shares can be bought back from the Stock Exchange, in accordance with Article 5, Paragraph 4 of the Communiqué,

2) Since the application for permission made to the Capital Markets Board on 8.10.2024 is no longer necessary, the application to be withdrawn,

3) The maximum number of shares that may be subject to buy-back determined as 2,000,000 (2,000,000 TL nominal),

4) The share buy-back fund amount is determined as 1,000,000,000 TL maximum, to be covered by the Company's internal resources,

5) The share buy-back program and the buy-back to be made within the scope of the program will be presented to the shareholders at the first General Assembly Meeting,

6) The Chief Financial Officer (CFO) Fatih Meriç will be authorized 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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