Aydem announced share buyback

Aydem Renewable Energy, in a statement to the Public Disclosure Platform, stated that the share performance of the company does not reflect the real performance of the company's activities and announced a share buyback program in order to contribute to the formation of a stable share price in accordance with its real value. The company, which has determined the maximum number of shares that can be subject to repurchase as 20 million TL with a nominal value of 20 million, announced that the fund to be allocated for the buyback has been determined as 170 million TL, to be met from the company's existing resources. Aydem 's shares rose 5.96 percent in Borsa Istanbul initial pricing. The full statement made by the company to KAP is as follows: By our company's Board of Directors; Within the framework of Article 22 of the Capital Markets Law, Communiqué on Repurchased Shares of the Capital Markets Board (II-22.1) and the announcements of the Capital Markets Board dated 21.07.2016, 25.07.2016 and 23.03.2020, the share price of our Company is determined by the activities of the Company. It is considered that it does not reflect its real performance, in order to protect the shareholders and to contribute to the formation of the share price in a stable and appropriate manner;

1. Initiation of repurchase procedures of the Company's shares from the Exchange, within the scope of Article 3 of the Articles of Association of the Company and the Capital Markets Board's exemption decision regarding the buyback dated 11.02.2022 and numbered E-29833736-622.99-17207,
2. Determining the maximum number of shares that can be repurchased as [20,000,000] with a nominal value of [20,000,000] TL,
3. Determining the fund to be set aside for repurchase as a maximum of [170,000,000] TL, to be covered from the Company's current resources,
4. It has been decided that the repurchase transaction to be carried out with the decision of the Board of Directors will be included in the agenda of the first general assembly meeting to be held and submitted to the information of the General Assembly.