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
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
Company Subject to Buy-Back
TÜRKİYE ŞİŞE VE CAM FABRİKALARI 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
26.02.2021
Number Of Shares To Be Acquired
15.000.000.000
Maximum Amount To Be Paid (TL)
1.200.000.000
Additional Explanations

Based on the resolution taken by the Board of Directors on 26 February 2021;

  • to repurchase its shares on the Stock Exchange with respect to the announcements made by the Capital Markets Board of Turkey on 21.07.2016 and 25.07.2016,

  • to determine the maximum number of shares, which may be subject to the buyback, as 15,000,000,000 (nominal TRY 150,000,000)

  • to determine the maximum amount of funds to be allocated for the share buyback as TRY 1,200,000,000, and to finance respective share repurchases from the Company's internal resources,

  • to submit the share buyback program to the shareholders' approval at the upcoming General Assembly Meeting