{"id":14527,"date":"2019-01-03T07:01:26","date_gmt":"2019-01-03T07:01:26","guid":{"rendered":"http:\/\/upt.esin.av.tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/"},"modified":"2022-06-09T12:25:07","modified_gmt":"2022-06-09T12:25:07","slug":"pay-alim-teklifi-yukumlulugunde-yeni-muafiyet","status":"publish","type":"post","link":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/","title":{"rendered":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet"},"content":{"rendered":"<p><strong>Yeni Geli\u015fme<\/strong><\/p>\n<p>Sermaye Piyasas\u0131 Kurulu (&#8220;<strong>SPK<\/strong>&#8220;), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi&#8217;nde (&#8220;<strong>Tebli\u011f<\/strong>&#8220;) de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih ve 30643 say\u0131l\u0131 Resmi Gazete&#8217;de yay\u0131mlanarak y\u00fcr\u00fcrl\u00fc\u011fe girdi.<\/p>\n<p><strong>De\u011fi\u015fiklik Ne Getiriyor?<\/strong><\/p>\n<ul>\n<li>Kural olarak, halka a\u00e7\u0131k \u015firketin y\u00f6netim kontrol\u00fcn\u00fc iktisap eden ki\u015fi veya ki\u015filerin s\u00f6z konusu iktisap Tebli\u011f&#8217;de d\u00fczenlenen \u00e7a\u011fr\u0131 y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fcn do\u011fmad\u0131\u011f\u0131 haller veya muafiyet hallerinden birine girmiyorsa, \u015firketin sermayesini temsil eden di\u011fer paylar\u0131 elinde bulunduranlara pay al\u0131m teklifinde bulunmas\u0131 gerekmektedir.<\/li>\n<li>Tebli\u011f&#8217;de yap\u0131lan de\u011fi\u015fiklikle halka a\u00e7\u0131k ortakl\u0131klar taraf\u0131ndan ger\u00e7ekle\u015ftirilen ve yeni pay alma haklar\u0131n\u0131n s\u0131n\u0131rland\u0131r\u0131lmad\u0131\u011f\u0131 sermaye art\u0131r\u0131mlar\u0131nda, ortakl\u0131\u011f\u0131n mevcut pay sahiplerince al\u0131nan paylar nedeniyle meydana gelen y\u00f6netim kontrol\u00fc de\u011fi\u015fikliklerinde ilgili pay sahibi, pay al\u0131m teklifinde bulunma zorunlulu\u011fundan muaf tutulabilecek. Ancak s\u00f6z konusu durum bir muafiyet hali olarak d\u00fczenlendi\u011fi i\u00e7in muafiyetin uygulanmas\u0131 ancak SPK&#8217;n\u0131n onay\u0131n\u0131n al\u0131nmas\u0131yla m\u00fcmk\u00fcn olacak.<\/li>\n<\/ul>\n<p><strong>Sonu\u00e7<\/strong><\/p>\n<p>De\u011fi\u015fiklik ile sermaye ihtiyac\u0131 i\u00e7indeki halka a\u00e7\u0131k \u015firketlerin belirli pay sahibi gruplar\u0131n\u0131n, \u015firketin ihtiyac\u0131 olan sermayeyi ayr\u0131ca pay al\u0131m teklifinin finanse edilmesi kayg\u0131s\u0131n\u0131 ta\u015f\u0131madan koyabilmesine izin veriliyor. Ayr\u0131ca, muafiyetin uygulanmas\u0131n\u0131n SPK\u2019n\u0131n onay\u0131na tabi olmas\u0131, muafiyetin azl\u0131k pay sahipleri ve k\u00fc\u00e7\u00fck yat\u0131r\u0131mc\u0131lar\u0131n aleyhine kullan\u0131m\u0131 engelleyecek bir koruma sa\u011flamaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (&#8220;SPK&#8220;), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi&#8217;nde (&#8220;Tebli\u011f&#8220;) de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_stopmodifiedupdate":false,"_modified_date":"","footnotes":""},"categories":[120],"tags":[98],"class_list":["post-14527","post","type-post","status-publish","format-standard","hentry","category-legal-alerts","tag-mergers-acquisitions-tr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet<\/title>\n<meta name=\"description\" content=\"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (&quot;SPK&quot;), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi&#039;nde (&quot;Tebli\u011f&quot;) de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet\" \/>\n<meta property=\"og:description\" content=\"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (&quot;SPK&quot;), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi&#039;nde (&quot;Tebli\u011f&quot;) de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\" \/>\n<meta property=\"og:site_name\" content=\"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-03T07:01:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-09T12:25:07+00:00\" \/>\n<meta name=\"author\" content=\"R\u0131dvan Konrat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"R\u0131dvan Konrat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\"},\"author\":{\"name\":\"R\u0131dvan Konrat\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/42c8e616aab56b8622fa365ad63282ae\"},\"headline\":\"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet\",\"datePublished\":\"2019-01-03T07:01:26+00:00\",\"dateModified\":\"2022-06-09T12:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\"},\"wordCount\":280,\"publisher\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#organization\"},\"keywords\":[\"Birle\u015fme ve Devralmalar\"],\"articleSection\":[\"Hukuk B\u00fcltenleri\"],\"inLanguage\":\"tr\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\",\"url\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\",\"name\":\"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet\",\"isPartOf\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#website\"},\"datePublished\":\"2019-01-03T07:01:26+00:00\",\"dateModified\":\"2022-06-09T12:25:07+00:00\",\"description\":\"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (\\\"SPK\\\"), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi'nde (\\\"Tebli\u011f\\\") de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esin.av.tr\/tr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#website\",\"url\":\"https:\/\/www.esin.av.tr\/tr\/\",\"name\":\"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esin.av.tr\/tr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"tr\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#organization\",\"name\":\"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131\",\"url\":\"https:\/\/www.esin.av.tr\/tr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esin.av.tr\/wp-content\/uploads\/2021\/09\/esin-2.jpg\",\"contentUrl\":\"https:\/\/www.esin.av.tr\/wp-content\/uploads\/2021\/09\/esin-2.jpg\",\"width\":800,\"height\":460,\"caption\":\"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131\"},\"image\":{\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/42c8e616aab56b8622fa365ad63282ae\",\"name\":\"R\u0131dvan Konrat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b20c6c583be38ed4e76e32f69fccc676?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b20c6c583be38ed4e76e32f69fccc676?s=96&d=mm&r=g\",\"caption\":\"R\u0131dvan Konrat\"},\"sameAs\":[\"http:\/\/www.esin.av.tr\"],\"url\":\"https:\/\/www.esin.av.tr\/tr\/author\/rkonrat\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet","description":"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (\"SPK\"), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi'nde (\"Tebli\u011f\") de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/","og_locale":"tr_TR","og_type":"article","og_title":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet","og_description":"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (\"SPK\"), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi'nde (\"Tebli\u011f\") de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih","og_url":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/","og_site_name":"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131","article_published_time":"2019-01-03T07:01:26+00:00","article_modified_time":"2022-06-09T12:25:07+00:00","author":"R\u0131dvan Konrat","twitter_card":"summary_large_image","twitter_misc":{"Written by":"R\u0131dvan Konrat","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#article","isPartOf":{"@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/"},"author":{"name":"R\u0131dvan Konrat","@id":"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/42c8e616aab56b8622fa365ad63282ae"},"headline":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet","datePublished":"2019-01-03T07:01:26+00:00","dateModified":"2022-06-09T12:25:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/"},"wordCount":280,"publisher":{"@id":"https:\/\/www.esin.av.tr\/tr\/#organization"},"keywords":["Birle\u015fme ve Devralmalar"],"articleSection":["Hukuk B\u00fcltenleri"],"inLanguage":"tr"},{"@type":"WebPage","@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/","url":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/","name":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet","isPartOf":{"@id":"https:\/\/www.esin.av.tr\/tr\/#website"},"datePublished":"2019-01-03T07:01:26+00:00","dateModified":"2022-06-09T12:25:07+00:00","description":"Yeni Geli\u015fme Sermaye Piyasas\u0131 Kurulu (\"SPK\"), II-26.1 say\u0131l\u0131 Pay Al\u0131m Teklifi Tebli\u011fi'nde (\"Tebli\u011f\") de\u011fi\u015fiklik yapt\u0131. \u0130lgili de\u011fi\u015fiklik 2 Ocak 2019 tarih","breadcrumb":{"@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esin.av.tr\/tr\/2019\/01\/03\/pay-alim-teklifi-yukumlulugunde-yeni-muafiyet\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esin.av.tr\/tr\/"},{"@type":"ListItem","position":2,"name":"Pay Al\u0131m Teklifi Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnde Yeni Muafiyet"}]},{"@type":"WebSite","@id":"https:\/\/www.esin.av.tr\/tr\/#website","url":"https:\/\/www.esin.av.tr\/tr\/","name":"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131","description":"","publisher":{"@id":"https:\/\/www.esin.av.tr\/tr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esin.av.tr\/tr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"tr"},{"@type":"Organization","@id":"https:\/\/www.esin.av.tr\/tr\/#organization","name":"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131","url":"https:\/\/www.esin.av.tr\/tr\/","logo":{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/www.esin.av.tr\/tr\/#\/schema\/logo\/image\/","url":"https:\/\/www.esin.av.tr\/wp-content\/uploads\/2021\/09\/esin-2.jpg","contentUrl":"https:\/\/www.esin.av.tr\/wp-content\/uploads\/2021\/09\/esin-2.jpg","width":800,"height":460,"caption":"Esin Avukatl\u0131k Ortakl\u0131\u011f\u0131"},"image":{"@id":"https:\/\/www.esin.av.tr\/tr\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/42c8e616aab56b8622fa365ad63282ae","name":"R\u0131dvan Konrat","image":{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/www.esin.av.tr\/tr\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b20c6c583be38ed4e76e32f69fccc676?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b20c6c583be38ed4e76e32f69fccc676?s=96&d=mm&r=g","caption":"R\u0131dvan Konrat"},"sameAs":["http:\/\/www.esin.av.tr"],"url":"https:\/\/www.esin.av.tr\/tr\/author\/rkonrat\/"}]}},"_links":{"self":[{"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/posts\/14527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/comments?post=14527"}],"version-history":[{"count":1,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/posts\/14527\/revisions"}],"predecessor-version":[{"id":15619,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/posts\/14527\/revisions\/15619"}],"wp:attachment":[{"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/media?parent=14527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/categories?post=14527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esin.av.tr\/tr\/wp-json\/wp\/v2\/tags?post=14527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}