AHGAZ and ENERY to Submit Buyback Application to Capital Markets Board

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AHGAZ and ENERY to Submit Buyback Application to Capital Markets Board

Ahlatcı Natural Gas and Enerya Energy announced in their statements to the Public Disclosure Platform (KAP) that they will apply to the Capital Markets Board (SPK) for a share buyback.

Ahlatcı Natural Gas Buyback Plan
Ahlatcı Natural Gas Distribution Energy and Investment Inc. (AHGAZ) announced in a Board of Directors meeting that it plans to conduct a buyback to protect shareholders, as the performance of its shares traded on Borsa Istanbul does not reflect the company's actual operational performance.
In this context, it was decided to repurchase a maximum of 25,000,000 shares with a nominal value of 25,000,000 TL, and to allocate a maximum fund of 500,000,000 TL for these transactions. The fund will be sourced from the company's equity, and the buyback transactions will be carried out by the management.
The duration of the buyback program is set to a maximum of six months and will start from the date of the Board's decision. The disposal of shares and relevant disclosures will be made through the Public Disclosure Platform, and the decision will be presented to shareholders at the first General Assembly meeting.

Enerya Energy Buyback Announcement
Enerya Energy (ENERY) also announced that it plans to conduct a buyback as the performance of its shares traded on Borsa Istanbul does not reflect its actual performance, during a Board of Directors meeting held on December 19, 2024.
Enerya Energy plans to repurchase a maximum of 1,900,000 shares with a nominal value of 1,900,000 TL. The funds to be allocated for the buyback are set at a maximum of 500,000,000 TL, which will also be sourced from the company's equity.
The duration of the buyback program is also determined to be six months, and it will begin from the date of the Board's decision. The disposal of shares will be conducted in accordance with the relevant communiqué of the SPK. Necessary announcements regarding this decision will be made on the Public Disclosure Platform, and the decision will be presented to shareholders at the first General Assembly meeting.