İşbank will buy from partnership shares
İşbank authorized the General Directorate without any commitment to purchase the shares of some of its subsidiaries traded on the stock exchange.
In a statement made to the Public Disclosure Platform (KAP), the bank said: “With the decision taken by our Bank’s Board of Directors, T. Şişe ve Cam Fabrikaları A.Ş., Türkiye Sınai Kalkınma Bankası A.Ş. Hayat Emeklilik A.Ş., İş Financial Leasing Inc., İş Real Estate Investment Trust Inc., İş Investment Menkul Değerler A.Ş., Anadolu Anonim Turkish Insurance Company, İş Private Equity Investment Trust Inc., İş Investment Trust Inc. and TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. from the market without any restrictions on a company basis, on the condition that the total amount to be paid in relation to the purchases is limited to TL 3 billion, from the date of the decision to classify existing and new shares to be purchased and sell them when necessary, until the end of 2023. until the General Directorate has been authorized.” it was said.
In the statement, it was also emphasized that this authority does not include any commitment, and the statement “The General Directorate is authorized in accordance with the administrative processes of our Bank for the purchase and sale of shares, when necessary, within the framework of the provisions of the relevant legislation.”