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Notification Regarding Share Buy-Back

 

Within the scope of the share buyback program initiated with the decision of the Board of Directors dated 09.11.2021 pursuant to the Capital Markets Board's Communiqué on ShareBuy-Back No. II-22.1 and the related announcements dated 21.07.2016 and 25.07.2016, the Board of Directors of Sabancı Holding have adopted the following resolutions in its meetingdated 16.12.2022;

  • Total maximum funds allocated for share buyback transactions shall be increased to TRY 3,250,000,000 taking into account that the TRY 1,750,000,000 funds that were previously allocated for buyback have been used at 85.4%;
  • Up to 10,200,000,000 shares with a nominal value of TRY 102,000,000 representing approximately 5% of Sabancı Holding's issued share capital shall be repurchased; and shares with TRY 40,801,463 nominal value that had been repurchased but sold on 12.12.2022 shall not be considered in this calculation;
  • The share buyback shall be put on the agenda of the first following general assembly meeting, and shall be presented to the information and approval of the shareholders at the general assembly.

Notification Regarding Share Buy-Back

 

 
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