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 real performance of the Company's activities.
Board Decision Date
07.08.2020
Number Of Shares To Be Acquired
10.000.000
Maximum Amount To Be Paid (TL)
700.000.000
Additional Explanations

The Board of Directors has decided on 07 August 2020;

  • 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,

  • to determine the maximum number of shares that may be subject to buy-back will be in number of shares 10,000,000 (nominal TRY 10.000.000)

  • to determine share buy back fund amount as TRY 700.000.000 maximum, subject to cover it from Company internal sources,

  • to present the share buyback program and the buyback to be made within the scope of the program to the information of the shareholders at the first General Assembly Meeting,

  • 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.