Eregli Iron and Steel Factories announced that it was decided to set the fund to be set aside for the company to buy back its own shares, at a maximum of ₺2 billion.
In the statement published by Eregli Iron and Steel Factories on the Public Disclosure Platform (KAP), the following statements were included:
“Referring to the ‘Share Buyback Program’ approved at the Ordinary General Assembly Meeting of our company dated 14 July 2020 and numbered 76, and the authorization given within the scope of the Board of Directors decision dated 14 February 2023, it has been decided that the fund to be set aside for the company to buy back its own shares will be determined as ₺2 billion at the most, and that the member of the board of directors and executive director and the vice president of financial management and financial affairs group will be individually authorized to carry out all necessary transactions regarding the share buyback.
Source: AA / Prepared by Irem Yildiz
