Turkish Airlines (THY) made a statement to the Public Disclosure Platform (KAP) regarding its share buyback operations conducted on October 3, 2024.
# Details of the Share Buyback Program
In the announcement from THY, it was recalled that the Board of Directors decided to initiate a share buyback program during its meeting on February 14, 2023, to support healthy price formation of shares in the stock market. This decision was made in accordance with the Capital Markets Board’s Communiqué on Repurchased Shares (II-22.1) and the announcement dated February 14, 2023.
# 331,000 Lots of THY Shares Repurchased
As part of the share buyback program, THY repurchased a total of 331,000 lots of THYAO shares on October 3, 2024, from Borsa Istanbul at a price range of 270.0 TL – 272.0 TL per share. The nominal value of the repurchased shares reached 5,128,044 TL, representing 0.371597% of the company’s capital.
Share buyback programs are typically conducted by companies to demonstrate their confidence in their own shares and the future. This action can positively influence the market value of THY shares.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
