Summary Info
Regarding the program for buying back shares.
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Company Performs the Buy-Back
AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
Company Subject to Buy-Back
AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
Type Of Buy-Back
Other
The Purpose of Buy-Back
protecting our shareholders' interests considering our share price and price fluctuations.
Board Decision Date
24.04.2023
Number Of Shares To Be Acquired
65.000.000
Maximum Amount To Be Paid (TL)
200.000.000
Additional Explanations

Due to our share price is discounted compared to both our net asset value (the share price is TRY 6,25 according to the net asset value by 31.12.2022) and the market, our Board of Directors decided on 24.04.2023 to buy back shares in order to protect our shareholders' interests considering our share price and price fluctuations. According to the decision, the period of the aforementioned buy back program is one year, the maximum amount of fund that can be allocated is TRY 200,000,000 and the maximum number of shares that can be subject to buyback is TRY 65,000,000 (5% of our company's issued capital). The decision of board of directors will take place on the agenda of the first general assembly meeting and submitted to the shareholders for their information.