|
||||||||||
|
||||||||||
|
||||||||||
|
Additional Explanations
|
||||||||||
|
Reference: VakıfBank Public Disclosure Dated March 20, 2025.
At the Bank's Board of Directors meeting, held on March 20, 2025, it was resolved to initiate a share buyback program within the framework of the Capital Markets Board's Communiqué on Share Buybacks No. II-22.1, to include the matter on the agenda of the first upcoming General Assembly meeting, and to submit the authorization of the Board of Directors regarding the program for the approval of the shareholders at the General Assembly.
The Share Buyback Program, prepared in accordance with the relevant Communiqué of the Capital Markets Board, was approved by the shareholders at the Bank's 71st Ordinary General Assembly Meeting held on April 25, 2025, and the Board of Directors was duly authorized.
With the Board decision dated March 20, 2025, the share buyback program, covering a period of three calendar years, was initiated and within this framework, it was decided to increase the previously approved 150 million nominal shares under the existing buyback authorization granted by the Board's resolution dated February 9, 2023, to 250 million nominal shares, and to raise the previously announced sales amount from TL 1 billion to TL 12 billion.
Between March 17, 2020, and April 2, 2025, a total of 87,171,644 nominal shares of the Bank were repurchased for a total amount of TRY 684,732,993.29, funded through the Bank's internal resources.
Share buyback transactions will be carried out under the remaining limit within the authorization increased to 250 million nominal shares as part of the new share buyback program established by the Board resolution dated March 20, 2025.
Share buy-back program is attached.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
|
||||||||||
|