Capital Markets Board (SPK) Imposes Restrictions on Off-Exchange Share Sales.
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7 Articles
The Capital Markets Board has introduced new restrictions on share sales conducted outside the stock exchange. A limit of 2% will apply to companies with a free float ratio above 50%, and 4% to those with a free float ratio below 50%. Sales exceeding this limit will require approval from the Capital Markets Board.
The Capital Market Board (SPK) has announced its new regulation on share sales. Together with the new regulation, it adopted a decision in principle on the sale of shares or voting rights that represent the capital of certain partnerships outside the stock exchange, according to the actual circulating share ratio.
The Capital Markets Board (SPK) has imposed new limits on the sale of shares by company owners outside the stock exchange. Limits of 2% and 4% have been set based on the public float ratio, and sales exceeding these limits are subject to SPK approval.
The Capital Markets Board (SPK) has adopted a policy decision imposing restrictions on the off-exchange sale of shares of certain companies based on their free float ratio. Accordingly, sales exceeding the determined ratios will be subject to the Board's approval.
According to the announcement of the Capital Markets Board (SPK) Board Decision-Making Body regarding the Principle Decision, by persons within the scope of the first paragraph of Article 27 of the Share Circular, in any 12-month period, shares in actual circulation...
The Capital Markets Board (SPK) has set a limit of 2-4% on over-the-counter share sales based on the free float ratio. A share sale information form will be mandatory for sales exceeding these ratios; BIST 30 indices and some state-owned enterprises are exempt.
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