Sabancı decided to increase the fund allocated for buybacks

Sabancı Holding announced that it has decided to increase the TL 1.75 billion fund previously allocated for share buyback operations to a maximum of TL 3.25 billion. Sabancı Holding, which has recently come to the fore with the sales of shares it has bought back, has decided to increase the amount of funds allocated for the share buyback program. According to the statement made to the Public Disclosure Platform (KAP), considering that the TL 1.75 billion fund previously allocated for the buyback operation has been used by 85.4 percent, it has been decided to increase this fund to a maximum of TL 3.25 billion. The statement announced that it has been decided to buy back up to 10.2 billion shares with a nominal value of TL 102 million, representing approximately 5 percent of the holding’s issued capital; and that of the buyback shares, 4.08 billion shares with a nominal value of TL 40.8 million, which were sold on December 12, will be taken into account as a discount item in this calculation.