|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Details of Buy-Back
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Additional Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Explanation Regarding the Decision of the Board of Directors dated 17.02.2023:
Within the framework of the Capital Markets Board's II-22.1 Communiqué on Repurchased Shares and the Capital Markets Board's announcements dated 21.07.2016, 25.07.2016 and 23.03.2020;
At the meeting of our Board of Directors dated 28.06.2022,
It has been evaluated that the share price does not reflect the financial performance of the Company, and in order to contribute to the formation of a healthy price, the share buyback has started as of 01.07.2022, following the decision regarding the repurchase of 35,000,000 shares of our Company with a maximum fund amount of 300,000,000-TL.
Between 01.07.2022 and 06.02.2023, 12,123,528 shares representing 1.04% of the capital were bought back from the stock exchange with a weighted average price of 8.42.-TL by using a fund of 102,124,857.-TL.
At the meeting of our Board of Directors dated 07.02.2023,
It has been decided that the number of 35,000,000 shares subject to the ongoing share repurchase dated 28 June 2022 will be revised as 60,000,000 shares and the allocated fund amounting to 300,000,000.-TL as 600,000,000.-TL.
Between 07.02.2023 and 17.02.2023, 8,890,096 shares, representing 0.77% of the capital, were purchased from the stock exchange with a weighted average price of 9.14,-TL, using 81,281,311.-TL funds.
As of 16.02.2023, 21,013,624 shares representing 1.81% of the capital were bought back from the stock exchange with a weighted average price of 8.73.-TL, using a total of 183,406,168.-TL funds.
In the announcement of Borsa İstanbul dated 14.02.2023 and the subject of BIST Buyback Index, it was decided to repeal the announcements dated 21.07.2016 and 25.07.2016 within the scope of the decision of the Board Decision Body dated 14.02.2023 and numbered 9/177. Within the scope of the "Communiqué on Repurchased Shares" and the principle decision dated 14.02.2023 and numbered 9/177 in the buyback program, it has been reported that a new share index (BIST Buyback Index) is planned to be calculated, consisting of the shares of the companies that implement the Buyback Program. Companies to be included in this index While determining, it was requested that the information specified in the announcement be included in the PDP statements:
In order to cancel the announcements regarding the share buyback process revised by Türkiye Sigorta AŞ and to make the announcement in accordance with the criteria required in the determination of the stock market index;
The current decision has been revised by continuing to buy back the company shares:
In order to increase the share repurchases made by the Board of Directors up to 60,000,000 shares with a nominal value of 60,000,000.-TL, representing approximately 5.17% of the Company's issued capital, to be met from the Company's current resources, the total maximum It was decided on 17.02.2023 to determine the fund amount of 600,000,000-.TL and to set the maximum period of the share buyback process as 3 years.
Explanation Regarding Share Buyback dated 17.02.2023:
The purchases made on 17.02.2023 within the scope of the Board of Directors' decision, which was renewed on 17.02.2023 after the share repurchase transactions initiated with the Board of Directors decision dated 28.06.2022 and revised with the Board of Directors decision dated 07.02.2023, are added to the table:
On 17.02.2023, our company purchased TURSG shares with a nominal value of 1,492,505.-TL at the price range of 9.55.-TL – 9.80.-TL (weighted average 9.69.-TL) per share in Borsa Istanbul. The ratio of total repurchased shares to the capital reached 1.94%.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||