{"id":25164,"date":"2023-04-03T09:24:30","date_gmt":"2023-04-03T09:24:30","guid":{"rendered":"https:\/\/www.esin.av.tr\/?p=25164"},"modified":"2023-04-03T09:24:30","modified_gmt":"2023-04-03T09:24:30","slug":"halka-arzin-kurallari-degisti","status":"publish","type":"post","link":"https:\/\/www.esin.av.tr\/tr\/2023\/04\/03\/halka-arzin-kurallari-degisti\/","title":{"rendered":"Halka Arz\u0131n Kurallar\u0131 De\u011fi\u015fti"},"content":{"rendered":"

Yeni Geli\u015fmeler<\/strong><\/h3>\n

Sermaye Piyasas\u0131 Kurulu, 30 Mart 2023 tarih ve i-SPK.128.21 say\u0131l\u0131 \u0130lke Karar\u0131 (“\u0130lke Karar\u0131<\/strong>“) ile yat\u0131r\u0131mc\u0131 menfaatlerinin korunmas\u0131 amac\u0131yla, anonim \u015firketlerinin paylar\u0131n\u0131n ilk halka arz\u0131nda kullan\u0131lacak sat\u0131\u015f y\u00f6ntemleri ve da\u011f\u0131t\u0131m esaslar\u0131nda \u00f6nemli de\u011fi\u015fiklikler yapt\u0131. \u0130lke Karar\u0131’n\u0131n yay\u0131mland\u0131\u011f\u0131 Kurul B\u00fclteni’ne buradan<\/a> eri\u015febilirsiniz.<\/p>\n

D\u00fczenleme Ne Getiriyor?<\/strong><\/h3>\n

\u0130lke Karar\u0131 uyar\u0131nca, ilk halka arzlar a\u015fa\u011f\u0131daki kurallara t\u00e2bi olacak:<\/p>\n

1.Halka arz edilen paylar\u0131n piyasa de\u011ferinin 750.000.000 TL ve alt\u0131 olmas\u0131 durumunda yaln\u0131zca borsada sat\u0131\u015f y\u00f6ntemi uygulanabilecek.<\/p>\n

2.Halka arz edilen paylar\u0131n piyasa de\u011ferinin 750.000.000 TL ve \u00fczeri olmas\u0131 ve borsa d\u0131\u015f\u0131nda talep toplama yoluyla sat\u0131\u015f y\u00f6nteminin kullan\u0131lmas\u0131 durumunda ise a\u015fa\u011f\u0131daki kurallar ge\u00e7erli olacak:<\/p>\n

    \n
  • Bireysel yat\u0131r\u0131mc\u0131 grubundaki yat\u0131r\u0131mc\u0131lar aras\u0131nda e\u015fit da\u011f\u0131t\u0131m yap\u0131lacak, oransal da\u011f\u0131t\u0131m ger\u00e7ekle\u015ftirilemeyecek.<\/li>\n
  • Her bir yat\u0131r\u0131mc\u0131n\u0131n talepte bulunabilece\u011fi pay tutar\u0131, yat\u0131r\u0131mc\u0131n\u0131n i\u00e7inde bulundu\u011fu gruba tahsis edilen toplam pay tutar\u0131n\u0131n 1\/4\u2019\u00fcnden fazla olamayacak.<\/li>\n
  • Yeterli talep olmas\u0131 halinde, yurt i\u00e7i kurumsal yat\u0131r\u0131mc\u0131lar i\u00e7in, her bir yat\u0131r\u0131mc\u0131 bak\u0131m\u0131ndan da\u011f\u0131t\u0131lacak pay tutar\u0131n\u0131n, halka arz edilen paylar\u0131n toplam tutar\u0131n\u0131n %1’ini a\u015fmamas\u0131 esas olacak.<\/li>\n
  • Talep toplama s\u00fcresi sonunda bir yat\u0131r\u0131mc\u0131 grubuna tahsis edilen tutar\u0131kar\u015f\u0131layacak tutarda talep gelmesi durumunda, an\u0131lan grubun tahsisat oran\u0131ndan di\u011fer gruplara kayd\u0131rma yap\u0131lamayacak. Yeterli talep gelmeyen yat\u0131r\u0131mc\u0131 grubu olmas\u0131 durumunda ise o gruba ait tahsisat\u0131n kalan k\u0131sm\u0131, \u00f6ncelikle kar\u015f\u0131lanamayan taleplerin kar\u015f\u0131lanmas\u0131 amac\u0131yla yurt i\u00e7i bireysel yat\u0131r\u0131mc\u0131 grubuna aktar\u0131lacak.<\/li>\n<\/ul>\n

    3.Kurumsal yat\u0131r\u0131mc\u0131lar\u0131n kendi portf\u00f6yleri i\u00e7in ald\u0131klar\u0131 paylar hi\u00e7bir suretle bireysel yat\u0131r\u0131mc\u0131 hesaplar\u0131na aktar\u0131lamayacak.<\/p>\n

    4.Da\u011f\u0131t\u0131mdan pay alan yat\u0131r\u0131mc\u0131lar, hesaplar\u0131na aktar\u0131lan paylar\u0131, paylar hesaplar\u0131na ge\u00e7ti\u011fi tarihten itibaren 90 g\u00fcn boyunca borsa d\u0131\u015f\u0131nda satamayacak, ba\u015fka yat\u0131r\u0131mc\u0131 hesaplar\u0131na virmanlayamayacak veya borsada \u00f6zel emir ile ve\/veya toptan sat\u0131\u015f i\u015flemine konu edemeyecek. Paylar\u0131 halka arz edilen ortakl\u0131\u011f\u0131n mevcut ortaklar\u0131n\u0131n sahip olduklar\u0131 paylar i\u00e7in, halka arz edilen k\u0131s\u0131m hari\u00e7 olmak \u00fczere, bu k\u0131s\u0131tlama, izahname onay tarihinden itibaren 180 g\u00fcn boyunca ve borsada sat\u0131\u015f\u0131 da kapsayacak \u015fekilde uygulanacak.<\/p>\n

    Sonu\u00e7<\/strong><\/h3>\n

    \u0130lke Karar\u0131, paylar\u0131n ilk halka arz\u0131nda kullan\u0131lacak olan sat\u0131\u015f y\u00f6ntemleri ve da\u011f\u0131t\u0131m esaslar\u0131na ili\u015fkin kritik de\u011fi\u015fiklikler getirdi\u011fi i\u00e7in \u00f6nem arz ediyor.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Yeni Geli\u015fmeler Sermaye Piyasas\u0131 Kurulu, 30 Mart 2023 tarih ve i-SPK.128.21 say\u0131l\u0131 \u0130lke Karar\u0131 (“\u0130lke Karar\u0131“) ile yat\u0131r\u0131mc\u0131 menfaatlerinin korunmas\u0131 […]<\/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":[97],"class_list":["post-25164","post","type-post","status-publish","format-standard","hentry","category-legal-alerts","tag-capital-markets-tr"],"acf":[],"yoast_head":"\nHalka Arz\u0131n Kurallar\u0131 De\u011fi\u015fti<\/title>\n<meta name=\"description\" content=\"Yeni Geli\u015fmeler Sermaye Piyasas\u0131 Kurulu, 30 Mart 2023 tarih ve i-SPK.128.21 say\u0131l\u0131 \u0130lke Karar\u0131 ("\u0130lke Karar\u0131") ile yat\u0131r\u0131mc\u0131 menfaatlerinin korunmas\u0131\" \/>\n<meta name=\"robots\" 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