Disposal of Buy-Back Shares
Pursuant to share buyback program, which was initiated with the resolution of the Board of Directors of Sabancı Holding dated 09.11.2021 and extended with another resolution dated 16.12.2022, all of the shares that have been repurchased and owned by Sabancı Holding with TRY 60,577,802 nominal value, representing 2.9689% of the share capital, were sold to institutional investors on 19.09.2023 at a price of TRY 52.46 per share through block sale method executed on Istanbul Stock Exchange.
As of 19.09.2023, there remains no repurchased shares owned by Sabancı Holding post transaction. Nevertheless, the share buyback program that was initiated with the aforementioned resolutions of the Board of Directors is still in force.