{"id":16604,"date":"2020-07-03T08:31:35","date_gmt":"2020-07-03T08:31:35","guid":{"rendered":"https:\/\/www.esin.av.tr\/?p=16604"},"modified":"2022-06-09T13:05:50","modified_gmt":"2022-06-09T13:05:50","slug":"yeni-onemli-nitelikteki-islemler-ve-ayrilma-hakki-tebligi","status":"publish","type":"post","link":"https:\/\/www.esin.av.tr\/tr\/2020\/07\/03\/yeni-onemli-nitelikteki-islemler-ve-ayrilma-hakki-tebligi\/","title":{"rendered":"Yeni \u00d6nemli Nitelikteki \u0130\u015flemler ve Ayr\u0131lma Hakk\u0131 Tebli\u011fi"},"content":{"rendered":"<p><strong>Yeni Geli\u015fmeler<\/strong><\/p>\n<p>30 Mart 2020 tarihli <strong><u><a href=\"https:\/\/urldefense.com\/v3\/__https:\/esinxchange.com\/collect\/click.aspx?u=em1vQ1Y2N3Y0NmZOekg4elcyblZCeC9OV1AwOG8ya2hwNW1sQ05CUG5pbGpxWm96bVBTOUptd3kxZzJ4bnRpN0RjN3lhRnloUEtjemIweTd3ZEczUk9kbXptZTVMemduVEJJY0x6cDVmTisrandpcVowZGxZT3pWNkJoeXNpbEpIQXhUZ0EvZmREUDhmbndPRXF1Wi9YenFaRVY5YmJLcUZTR2sxUWVmdXBxcjNkSHQza0FIS3R6Vm0rOW11M0tNZHhkWmlDLzZrOTd3ejRBcmJ2aUd5UT09&amp;rh=ff00647c8371b60a8fbcd23dcd43a1e7cf78bdf3__;!!Hj9Y_P0nvg!D2frwq7FvEVYWLvRDr3HvWG0VIrufacFV9TW0F9XPPy-AL_C291xZoREZtqDIFWoCfNkgA$\">Mevzuat B\u00fclteni<\/a><\/u><\/strong> Sermaye Piyasas\u0131 Kurulu taraf\u0131ndan kamuoyu g\u00f6r\u00fc\u015f\u00fcne sunulan (&#8220;<strong>SPK<\/strong>&#8220;) II-23.3 say\u0131l\u0131 \u00d6nemli Nitelikteki \u0130\u015flemler ve Ayr\u0131lma Hakk\u0131 Tebli\u011fi de\u011fi\u015fiklik tasla\u011f\u0131n\u0131 payla\u015fm\u0131\u015ft\u0131k.<\/p>\n<p>SPK taraf\u0131ndan haz\u0131rlanan de\u011fi\u015fiklik tasla\u011f\u0131 6362 say\u0131l\u0131 Sermaye Piyasas\u0131 Kanunu&#8217;nda (&#8220;<strong>SPKn<\/strong>&#8220;) yap\u0131lan de\u011fi\u015fiklikler ve piyasadan gelen di\u011fer talepler de dikkate al\u0131narak revize edildi ve yeni II-23.3 say\u0131l\u0131 \u00d6nemli Nitelikteki \u0130\u015flemler ve Ayr\u0131lma Hakk\u0131 Tebli\u011fi (&#8220;<strong>\u00d6nemli \u0130\u015flemler Tebli\u011fi<\/strong>&#8220;) 27 Haziran 2020 tarih ve 31168 say\u0131l\u0131 Resmi Gazete&#8217;de yay\u0131mlanarak y\u00fcr\u00fcrl\u00fc\u011fe girdi.<\/p>\n<p>SPK, ayr\u0131ca \u00d6nemli \u0130\u015flemler Tebli\u011fi ile getirilen yenilikleri a\u00e7\u0131klamak ve uygulamas\u0131ndaki muhtemel sorunlar\u0131 a\u00e7\u0131kl\u0131\u011fa kavu\u015fturmak \u00fczere bir rehber de haz\u0131rlad\u0131.<\/p>\n<p><strong>De\u011fi\u015fiklik ne getiriyor?<\/strong><\/p>\n<p><em><u>\u00d6nemli Nitelikteki \u0130\u015flemler<\/u><\/em><\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi, eski tebli\u011f kapsam\u0131nda ayr\u0131lma hakk\u0131 do\u011furan birtak\u0131m i\u015flemleri ayr\u0131lma hakk\u0131 kapsam\u0131na alm\u0131yor ve b\u00f6ylece ayr\u0131lma hakk\u0131 do\u011furan i\u015flemlerin kapsam\u0131n\u0131 daralt\u0131yor.<\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi; eski tebli\u011f kapsam\u0131nda ayr\u0131lma hakk\u0131 do\u011furan sona erme, faaliyet konusunun t\u00fcm\u00fcyle veya \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fi\u015ftirilmesi ve borsa kotundan \u00e7\u0131kma i\u015flemlerini \u00f6nemli nitelikte i\u015flem olmaktan \u00e7\u0131kar\u0131yor.<\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi kapsam\u0131nda \u00f6nemli i\u015flem say\u0131lmayan ancak ortakl\u0131\u011f\u0131n temel faaliyetleri veya ola\u011fan ticari hayat\u0131nda esasl\u0131 de\u011fi\u015fiklik yapan i\u015flemler, yat\u0131r\u0131mc\u0131lar\u0131n yat\u0131r\u0131m\u0131 karar\u0131n\u0131 etkileyecek ise s\u00f6z konusu i\u015flemler SPK taraf\u0131ndan \u00f6nemli nitelikte i\u015flem olarak s\u0131n\u0131fland\u0131r\u0131labilecek.<\/p>\n<p>\u00d6nemli \u0130\u015flemler Tebli\u011fi kapsam\u0131nda halka a\u00e7\u0131k ortakl\u0131klar\u0131n a\u015fa\u011f\u0131da yer alan i\u015flemleri \u00f6nemli nitelikteki i\u015flemler say\u0131lacak:<\/p>\n<ul>\n<li>\u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nde tan\u0131mlanan birle\u015fme ve b\u00f6l\u00fcnme i\u015flemleri<\/li>\n<li>\u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nde belirtilen \u00f6nemlilik \u00f6l\u00e7\u00fct\u00fcn\u00fc (\u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nde belirtilen hesaplama y\u00f6ntemine g\u00f6re i\u015flem de\u011ferinin halka a\u00e7\u0131k ortakl\u0131\u011f\u0131n de\u011ferine oran\u0131, halka a\u00e7\u0131k ortakl\u0131\u011f\u0131n %75&#8217;ini a\u015fmal\u0131d\u0131r) sa\u011flamas\u0131 ko\u015fuluyla halka a\u00e7\u0131k ortakl\u0131klar\u0131n varl\u0131k devri, varl\u0131k devri sonucunu do\u011furan i\u015flemleri ve varl\u0131klar\u0131 \u00fczerinde \u00fc\u00e7\u00fcnc\u00fc ki\u015filere s\u0131n\u0131rl\u0131 ayni hak tesis etmesi<\/li>\n<li>Halka a\u00e7\u0131k ortakl\u0131klar\u0131n t\u00fcr de\u011fi\u015ftirmesi<\/li>\n<li>\u0130mtiyaz \u00f6ng\u00f6r\u00fclmesi veya mevcut imtiyazlar\u0131n kapsam veya konusu de\u011fi\u015ftirilmesi<\/li>\n<\/ul>\n<p>Her birle\u015fme ve b\u00f6l\u00fcnme \u00f6nemli nitelikte i\u015flem say\u0131lmayacak. \u00d6nemli nitelikte i\u015flem say\u0131lacak birle\u015fme ve b\u00f6l\u00fcnmeler a\u015fa\u011f\u0131dakilerle s\u0131n\u0131rl\u0131 olacak:<\/p>\n<ul>\n<li>Halka a\u00e7\u0131k \u015firketin di\u011fer \u015firketlerle birle\u015ferek yeni bir \u015firket kurdu\u011fu birle\u015fme i\u015flemlerine taraf olmas\u0131,<\/li>\n<li>Halka a\u00e7\u0131k \u015firketin devrolunan \u015firket oldu\u011fu veya devralan \u015firket oldu\u011fu durumda da sermayesini %50 veya daha fazla artt\u0131rd\u0131\u011f\u0131 birle\u015fme i\u015flemleri,<\/li>\n<li>Halka a\u00e7\u0131k \u015firketin tam b\u00f6l\u00fcnen \u015firket oldu\u011fu veya halka a\u00e7\u0131k \u015firketin tam b\u00f6l\u00fcnme sonucunda devrald\u0131\u011f\u0131 mal varl\u0131\u011f\u0131 kar\u015f\u0131l\u0131\u011f\u0131nda sermayesini %50 veya daha fazla artt\u0131rd\u0131\u011f\u0131 b\u00f6l\u00fcnme i\u015flemleri ve<\/li>\n<li>K\u0131smi b\u00f6l\u00fcnme i\u015flemlerinde ise b\u00f6l\u00fcnen taraf olmas\u0131 halinde tebli\u011fde belirtilen \u00f6nemlilik \u00f6l\u00e7\u00fct\u00fcnde mal varl\u0131\u011f\u0131 devri yapt\u0131\u011f\u0131 veya halka a\u00e7\u0131k \u015firketin k\u0131smi b\u00f6l\u00fcnme sonucunda devrald\u0131\u011f\u0131 mal varl\u0131\u011f\u0131 kar\u015f\u0131l\u0131\u011f\u0131nda sermayesini %50 veya daha fazla artt\u0131rd\u0131\u011f\u0131 b\u00f6l\u00fcnme i\u015flemleri<\/li>\n<\/ul>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;ne g\u00f6re II-17.1 say\u0131l\u0131 Kurumsal Y\u00f6netim Tebli\u011fi uyar\u0131nca \u00fc\u00e7\u00fcnc\u00fc grupta yer alan ve fiili dola\u015f\u0131mdaki pay oran\u0131 %50&#8217;nin \u00fcst\u00fcnde olan ortakl\u0131klar\u0131n, malvarl\u0131\u011f\u0131na ili\u015fkin i\u015flemleri tebli\u011f kapsam\u0131nda belirtilen b\u00fcy\u00fckl\u00fck kriterinden ba\u011f\u0131ms\u0131z olarak fiili faaliyet konusunun t\u00fcm\u00fcyle de\u011fi\u015fmesine yol a\u00e7acak ise bu i\u015flemler de \u00f6nemli i\u015flem olarak kabul edilecek.<\/p>\n<p><em><u>\u00d6nemli Nitelikteki \u0130\u015flemlerin Ger\u00e7ekle\u015ftirilmesine \u0130li\u015fkin Esaslar<\/u><\/em><\/p>\n<p>\u00d6nemli nitelikteki i\u015flemlerin ger\u00e7ekle\u015ftirilebilmesi y\u00f6netim kurulu karar\u0131 al\u0131nmas\u0131 ve bu karar\u0131n genel kurul onay\u0131na sunulmas\u0131 gerekecek.<\/p>\n<p>\u00d6nemli i\u015fleme ili\u015fkin y\u00f6netim kurulu karar\u0131 ile genel kurul karar\u0131 aras\u0131nda en fazla \u00fc\u00e7 ay olmas\u0131 gerekiyor. Ancak s\u00f6z konusu i\u015flemin bir idari izin gerektirmesi durumunda ilgili \u00fc\u00e7 ayl\u0131k s\u00fcre izin tarihinden itibaren i\u015flemeye ba\u015flayacak.<\/p>\n<p>SPK, usul\u00fcne uygun ger\u00e7ekle\u015ftirilmeyen i\u015flemlere ili\u015fkin olarak i\u015flemin ortadan kald\u0131r\u0131lmas\u0131 y\u00f6n\u00fcnde karar alabilecek. \u0130lgili karar\u0131n 30 g\u00fcn i\u00e7inde yerine getirilmemesi halinde ise idari para cezas\u0131 verebilecek ve s\u00f6z konusu hukuka ayk\u0131r\u0131 i\u015flemin iptaline ili\u015fkin dava a\u00e7abilecek.<\/p>\n<p><em><u>Ayr\u0131lma Hakk\u0131na Sahip Olan Pay Sahiplerinin ve Pay Tutarlar\u0131n\u0131n Belirlenmesi<\/u><\/em><\/p>\n<p>\u00d6nemli \u0130\u015flemler Tebli\u011fi ile ayr\u0131lma hakk\u0131, sadece \u00f6nemli nitelikteki i\u015flemin kamuya a\u00e7\u0131kland\u0131\u011f\u0131 tarihte pay sahibi olan yat\u0131r\u0131mc\u0131lara tan\u0131nacak. Bu sayede, ayr\u0131lma hakk\u0131ndan faydalanmak i\u00e7in i\u015flemin kamuya a\u00e7\u0131klanmas\u0131ndan sonra pay al\u0131mlar\u0131n\u0131n \u00f6n\u00fcne ge\u00e7ilecek. Ayr\u0131ca, halka a\u00e7\u0131k \u015firket pay sahiplerinin \u00f6nemli nitelikteki i\u015flemin kamuya a\u00e7\u0131kland\u0131\u011f\u0131 tarihten sonra satt\u0131\u011f\u0131 paylar\u0131, sonradan geri almas\u0131 halinde dahi bu paylar ayr\u0131lma hakk\u0131na konu edilmeyecek.<\/p>\n<p>Merkezi Kay\u0131t Kurulu\u015fu ayr\u0131lma hakk\u0131na sahip olan pay sahiplerine ili\u015fkin bilgiyi, liste ile genel kurul toplant\u0131s\u0131ndan bir \u00f6nceki i\u015f g\u00fcn\u00fc halka a\u00e7\u0131k \u015firkete g\u00f6nderecek.<\/p>\n<p><em><u>Ayr\u0131lma Hakk\u0131 Bedeli<\/u><\/em><\/p>\n<p>Paylar\u0131 borsa i\u015flem g\u00f6ren \u015firketler i\u00e7in ayr\u0131lma hakk\u0131n\u0131n kullan\u0131m fiyat\u0131n\u0131n belirlenmesinde temel prensip adil fiyat uygulamas\u0131 olacak. Bu y\u00fczden \u00d6nemli \u0130\u015flemler Tebli\u011fi kapsam\u0131nda ayr\u0131lma hakk\u0131 kullan\u0131m bedelinde bir ayr\u0131ma gidiliyor.<\/p>\n<p>\u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;ne g\u00f6re ayr\u0131lma hakk\u0131 kullan\u0131m fiyat\u0131:<\/p>\n<ul>\n<li>\u0130\u015flemin kamuya a\u00e7\u0131kland\u0131\u011f\u0131 tarih itibar\u0131yla paylar\u0131 Borsa \u0130stanbul A.\u015e. Y\u0131ld\u0131z Pazar&#8217;da i\u015flem g\u00f6ren ortakl\u0131klar i\u00e7in kamuya a\u00e7\u0131klanma tarihinden \u00f6nceki son bir ayl\u0131k borsada olu\u015fan g\u00fcnl\u00fck d\u00fczeltilmi\u015f a\u011f\u0131rl\u0131kl\u0131 ortalama fiyatlar\u0131n aritmetik ortalamas\u0131<\/li>\n<li>Di\u011fer ortakl\u0131klar i\u00e7in ise kamuya a\u00e7\u0131klanma tarihinden \u00f6nceki son alt\u0131 ayl\u0131k d\u00f6nem i\u00e7inde borsada olu\u015fan g\u00fcnl\u00fck d\u00fczeltilmi\u015f a\u011f\u0131rl\u0131kl\u0131 ortalama fiyatlar\u0131n aritmetik ortalamas\u0131 ile olu\u015fan fiyat olacak.<\/li>\n<\/ul>\n<p>Paylar\u0131 borsada i\u015flem g\u00f6rmeyen halka a\u00e7\u0131k ortakl\u0131klarda ise ayr\u0131lma hakk\u0131 kullan\u0131m fiyat\u0131, i\u015flemin kamuya a\u00e7\u0131kland\u0131\u011f\u0131 tarihteki ortakl\u0131\u011f\u0131n de\u011ferini esas alan de\u011ferleme raporuna istinaden belirlenecek.<br \/>\nAncak s\u00f6z konusu de\u011ferleme raporunun a\u00e7\u0131klamas\u0131ndan itibaren halka a\u00e7\u0131k \u015firketin de\u011ferini etkileyen bir husus olmas\u0131 durumunda ek rapor haz\u0131rlanmas\u0131 gerekecek.<\/p>\n<p><em><u>Ayr\u0131lma Hakk\u0131na Konu Paylar\u0131n Di\u011fer Pay Sahiplerine veya Yat\u0131r\u0131mc\u0131lara \u00d6nerilmesi<\/u><\/em><\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi ile paylar\u0131 borsada i\u015flem g\u00f6ren halka a\u00e7\u0131k \u015firketler bak\u0131m\u0131ndan s\u00f6z konusu paylar\u0131n ortakl\u0131k taraf\u0131ndan sat\u0131n al\u0131nmas\u0131ndan \u00f6nce di\u011fer pay sahiplerine veya yat\u0131r\u0131mc\u0131lara \u00f6nerilmesi i\u00e7in bir y\u00f6netim kurulu karar\u0131 al\u0131nmas\u0131n\u0131n \u00f6n\u00fc a\u00e7\u0131l\u0131yor.<\/p>\n<p>Bu durumda, s\u00f6z konusu paylar, sat\u0131n almay\u0131 talep eden t\u00fcm pay sahiplerine veya yat\u0131r\u0131mc\u0131lara oransal da\u011f\u0131t\u0131m esas\u0131na g\u00f6re da\u011f\u0131t\u0131lacak.<\/p>\n<p>Sat\u0131n alma talebinde bulunan pay sahiplerinin veya yat\u0131r\u0131mc\u0131lar\u0131n bu hususta ayr\u0131 bir anla\u015fma yapmalar\u0131 halinde ise s\u00f6z konusu paylar bu anla\u015fmaya istinaden da\u011f\u0131t\u0131lacak.<\/p>\n<p><em><u>Ayr\u0131lma Hakk\u0131n\u0131n Do\u011fmad\u0131\u011f\u0131 Haller ve Muafiyet Durumlar\u0131<\/u><\/em><\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi ile ayr\u0131lma hakk\u0131n\u0131n do\u011fmad\u0131\u011f\u0131 hallere kurtarma ama\u00e7l\u0131 birle\u015fmeler, geri al\u0131m hakk\u0131yla halka a\u00e7\u0131k \u015firketin malvarl\u0131\u011f\u0131n\u0131n sat\u0131\u015f\u0131 ve ba\u011fl\u0131 ortakl\u0131k paylar\u0131n\u0131n halka arz yoluyla sat\u0131\u015f\u0131 gibi durumlar ekleniyor.<\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi kapsam\u0131nda SPK&#8217;ya, Mevcut \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nde ayr\u0131lma hakk\u0131n\u0131n do\u011fmad\u0131\u011f\u0131 hal olarak say\u0131lan baz\u0131 i\u015flemler ve finansal g\u00fc\u00e7l\u00fckten kurtulma hali i\u00e7in ba\u015fvuru \u00fczerine muafiyet verme hakk\u0131 da tan\u0131n\u0131yor.<\/p>\n<p>Eski tebli\u011fde ayr\u0131lma hakk\u0131n\u0131n do\u011fmad\u0131\u011f\u0131 hal olarak kabul edilen baz\u0131 durumlar (imtiyazlar\u0131n kald\u0131r\u0131lmas\u0131 \/ de\u011fi\u015ftirilmesi, g\u00f6n\u00fcll\u00fc pay al\u0131m teklifinde bulunulmas\u0131, birle\u015fme ama\u00e7l\u0131 ortakl\u0131\u011f\u0131n taraf oldu\u011fu birle\u015fme i\u015flemleri gibi) muafiyetler aras\u0131na al\u0131n\u0131yor ve ayr\u0131lma hakk\u0131na ili\u015fkin muafiyet SPK&#8217;n\u0131n karar\u0131na b\u0131rak\u0131l\u0131yor.<\/p>\n<p>Finansal g\u00fc\u00e7l\u00fckten kurtulma hali i\u00e7in SPK&#8217;ya muafiyet ba\u015fvurusu yapacak olan halka a\u00e7\u0131k ortakl\u0131klar, halka a\u00e7\u0131k ortakl\u0131\u011f\u0131n finansal g\u00fc\u00e7l\u00fck i\u00e7inde oldu\u011funu ve planlanan \u00f6nemli nitelikteki i\u015flemin bu finansal g\u00fc\u00e7l\u00fck nezdinde olumlu bir sonucu oldu\u011funu ispat etmek zorunda olacaklar. Ayn\u0131 zamanda halka a\u00e7\u0131k ortakl\u0131klar\u0131n, SPK&#8217;n\u0131n d\u00fczenlemelerine g\u00f6re ba\u011f\u0131ms\u0131z denetim yapmaya yetkili ba\u011f\u0131ms\u0131z denetim \u015firketlerinden bir g\u00fcvence raporunu SPK&#8217;ya sunmas\u0131 gerekecek.<\/p>\n<p><em><u>Kamuya A\u00e7\u0131klanm\u0131\u015f \u00d6nemli \u0130\u015flemlere Uygulanacak H\u00fck\u00fcmler<\/u><\/em><\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi, yeni tebli\u011fin y\u00fcr\u00fcrl\u00fc\u011fe girdi\u011fi tarihten \u00f6nce kamuya a\u00e7\u0131klanm\u0131\u015f olan i\u015flemler i\u00e7in ge\u00e7i\u015f h\u00fck\u00fcmleri \u00f6ng\u00f6r\u00fcyor.<\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nin y\u00fcr\u00fcrl\u00fck tarihinden \u00f6nce kamuya a\u00e7\u0131klanm\u0131\u015f \u00f6nemli i\u015flemlere, 24 Aral\u0131k 2013 ve 28861 say\u0131l\u0131 Resmi Gazete&#8217;de yay\u0131nlanan eski \u00d6nemli Nitelikteki \u0130\u015flemlere \u0130li\u015fkin Ortak Esaslar ve Ayr\u0131lma Hakk\u0131 Tebli\u011fi&#8217;nin 25 \u015eubat 2020 tarihinde SPKn&#8217;de yap\u0131lan de\u011fi\u015fikliklere ayk\u0131r\u0131 d\u00fc\u015fmeyen h\u00fck\u00fcmleri uygulanacak.<\/p>\n<p>Paylar\u0131 borsada i\u015flem g\u00f6ren halka a\u00e7\u0131k \u015firketlerin yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nin y\u00fcr\u00fcrl\u00fck tarihinden \u00f6nce a\u00e7\u0131klanan \u00f6nemli i\u015flemleri i\u00e7in ayr\u0131lma hakk\u0131ndan yararlanabilecek ki\u015fi ve pay tutarlar\u0131n\u0131n belirlenmesinde a\u015fa\u011f\u0131daki tarihler esas al\u0131nacak:<\/p>\n<ul>\n<li>25 \u015eubat 2020 tarihinden \u00f6nce kamuya a\u00e7\u0131klanan i\u015flemler i\u00e7in 25 \u015eubat 2020 tarihine g\u00f6re ayr\u0131lma hakk\u0131ndan yararlanabilecek ki\u015fi ve pay tutarlar\u0131 belirlenecek.<\/li>\n<li>25 \u015eubat 2020 tarihi ile yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nin y\u00fcr\u00fcrl\u00fc\u011fe girdi\u011fi 27 Haziran 2020 tarihi aras\u0131nda kamuya a\u00e7\u0131klanan i\u015flemler i\u00e7in ise i\u015flemin a\u00e7\u0131klama tarihine g\u00f6re ayr\u0131lma hakk\u0131ndan yararlanabilecek ki\u015fi ve pay tutarlar\u0131 belirlenecek.<\/li>\n<\/ul>\n<p><strong>Sonu\u00e7<\/strong><\/p>\n<p>Yeni \u00d6nemli \u0130\u015flemler Tebli\u011fi&#8217;nin y\u00fcr\u00fcrl\u00fc\u011fe girmesi ile birlikte hem halka a\u00e7\u0131k \u015firketler hem de yat\u0131r\u0131mc\u0131lar i\u00e7in iki taraf\u0131n menfaatlerinin daha dengeli d\u00fczenledi\u011fi yeni bir d\u00f6nem ba\u015fl\u0131yor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yeni Geli\u015fmeler 30 Mart 2020 tarihli Mevzuat B\u00fclteni Sermaye Piyasas\u0131 Kurulu taraf\u0131ndan kamuoyu g\u00f6r\u00fc\u015f\u00fcne sunulan (&#8220;SPK&#8220;) II-23.3 say\u0131l\u0131 \u00d6nemli Nitelikteki [&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":[98,97],"class_list":["post-16604","post","type-post","status-publish","format-standard","hentry","category-legal-alerts","tag-mergers-acquisitions-tr","tag-capital-markets-tr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yeni \u00d6nemli Nitelikteki \u0130\u015flemler ve Ayr\u0131lma Hakk\u0131 Tebli\u011fi<\/title>\n<meta name=\"description\" content=\"Yeni Geli\u015fmeler 30 Mart 2020 tarihli Mevzuat B\u00fclteni Sermaye Piyasas\u0131 Kurulu taraf\u0131ndan kamuoyu g\u00f6r\u00fc\u015f\u00fcne sunulan (&quot;SPK&quot;) II-23.3 say\u0131l\u0131 \u00d6nemli Nitelikteki\" \/>\n<meta name=\"robots\" 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