New Ratio Limit for Over-the-Counter Share Sales from the Capital Markets Board

The Capital Markets Board has taken a new principle decision regarding the over-the-counter sale of shares or voting rights of certain partnerships, depending on the free float rate, and set the ratios at 2 percent and 4 percent.

New Ratio Limits Determined

According to the decision taken by the Capital Markets Board, certain restrictions have been introduced based on free float rates in share sales.

Within the framework of the regulation made, new ratios have been made official for transactions to be carried out within any 12-month period.

Sales Principles Based on Share Ratio

The upper limit determined for partnerships with a free float rate above 50 percent will be applied as 2 percent.

For partnerships with a rate of 50 percent and below, the over-the-counter sales limit was determined as 4 percent.

Sales Methods and Evaluation Criterion

Sales made through methods such as special orders, the Wholesale Markets, or transfers via wire were also included in the scope of these restrictions.

The free float rate valid on the date of sale will be taken as the basis as the current free float rate to be considered during the transaction.

Obligation of Information Form and Board Approval

Those who want to transfer shares in amounts exceeding the specified ratios are required to prepare a share sale information form before the transfer.

The prepared form will be submitted to the approval of the Board, and shares of a nature not traded on the exchange cannot be converted without obtaining approval.

Exemptions and Exceptional Situations

Sales carried out over-the-counter before August 29, 2026, will not be included in the 12-month period calculations.

Partnerships in the BIST 30 Index and certain partnerships dominated by public institutions and ministries were exempted from these provisions.