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.