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Turkiye Is Bankasi (TIBD)

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Monday 20 August, 2018

Turkiye Is Bankasi

Notification Regarding Share Buy-Back

RNS Number : 2679Y
Turkiye Is Bankasi
20 August 2018
 

Notification Regarding Share Buy-Back

Considering that the current price level of İşbank Group C shares, which are traded in Borsa İstanbul, is far from reflecting the quality of our Bank's operating results, responsible standing in our business processes and the financial condition; in order to protect the interests of all shareholders, especially minority shareholders and to contribute to a healthy price formation;

The Board of Directors has decided to buy back İşbank Group C shares up to 130,000,000 with a maximum amount of 550,000,000 TL, from Borsa İstanbul within the scope of 5th item of Article 5 of Capital Markets Board's Communique on Buybacked Shares, and the Head Office has been authorized to execute the buyback transactions within the determined limits.

 

 

 


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