Sharp decline in Beşiktaş shares following Tera Yatırım developments

Serdar HocamAuthor & Editor

Following developments regarding Tera Yatırım, Beşiktaş Futbol Yatırımları shares traded on Borsa İstanbul recorded a 9.75 percent drop.

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Tera Yatırım gelişmesi sonrası Beşiktaş hisselerinde sert düşüş

Following developments concerning Tera Yatırım, which signed a sponsorship agreement a month ago, Beşiktaş Futbol Yatırımları shares traded on Borsa İstanbul experienced a sharp drop, falling to the level of 2.13 Turkish Liras.

Current Decline in Shares

A noticeable decline was observed today in the shares of Beşiktaş Futbol Yatırımları traded on Borsa İstanbul. While the daily loss reached 9.75 percent, the stock was traded at 2.13 Turkish Liras.

Sponsorship and Cooperation Process

Tera Yatırım had become a sponsor of Beşiktaş approximately a month ago. During this process, comprehensive cooperation agreements were signed between the two parties in various areas such as initial public offerings, block sales, and banking transactions.

KAP Records and Measures

According to Public Disclosure Platform (KAP) records, certain market measures have recently been applied to BJKAS shares. It was observed that a circuit breaker was triggered on BJKAS shares on September 8, and a share sale notification was made by the club on September 2.

Capital and Transaction Bans

The company's total capital was announced as 4 billion 364 million 569 thousand 202 Turkish Liras, while the free float rate was determined as 39.84 percent. Additionally, short selling and margin trading bans are in effect within the scope of the Volatility-Based Measures System.