{"id":12198,"date":"2024-09-22T03:48:06","date_gmt":"2024-09-22T03:48:06","guid":{"rendered":"https:\/\/kamucalisanlari.net\/?p=12198"},"modified":"2024-09-22T03:48:06","modified_gmt":"2024-09-22T03:48:06","slug":"spkdan-halka-arzlara-iliskin-duzenleme","status":"publish","type":"post","link":"https:\/\/kamucalisanlari.net\/index.php\/2024\/09\/22\/spkdan-halka-arzlara-iliskin-duzenleme\/","title":{"rendered":"SPK\u2019dan halka arzlara ili\u015fkin d\u00fczenleme"},"content":{"rendered":"

SPK haftal\u0131k b\u00fclteninde halka arzlarla ilgili yeni d\u00fczenleme duyuruldu. Halka arz edilen paylar\u0131n piyasa de\u011feri 750 milyon TL ve alt\u0131 olan halka arzlarda Borsada sat\u0131\u015f y\u00f6nteminin uygulanmas\u0131 zorunlu olacak.<\/p>\n

SPK taraf\u0131ndan yap\u0131lan duyuruda \u015fu ifadelere yer verildi, <\/span><\/p>\n

\u201cHalka arz edilen paylar\u0131n piyasa de\u011feri 750.000.000TL \u00fczeri olan halka arzlarda borsa d\u0131\u015f\u0131nda talep toplama yoluyla sat\u0131\u015f y\u00f6nteminin kullan\u0131lmas\u0131 durumunda;<\/span><\/p>\n

a) Yurt i\u00e7i bireysel yat\u0131r\u0131mc\u0131 grubundaki yat\u0131r\u0131mc\u0131lara, Tebli\u011f\u2019in 20\u2019nci maddesinin ikinci f\u0131kras\u0131nda yer alan esaslara g\u00f6re e\u015fit da\u011f\u0131t\u0131m yap\u0131lacakt\u0131r.<\/span><\/p>\n

b) \u0130zahnamede tan\u0131mlanmas\u0131 \u015fart\u0131yla, kurumsal yat\u0131r\u0131mc\u0131 grubu d\u0131\u015f\u0131nda kalan y\u00fcksek talepte bulunacak yat\u0131r\u0131mc\u0131 grubu i\u00e7in halka arz edilecek toplam tutar\u0131n %10\u2019una kadar tahsisat yap\u0131labilir. Bu grup i\u00e7in, Tebli\u011f\u2019in 20\u2019nci maddesinin ikinci ve \u00fc\u00e7\u00fcnc\u00fc f\u0131kralar\u0131 kapsam\u0131nda e\u015fit da\u011f\u0131t\u0131m veya oransal da\u011f\u0131t\u0131m y\u00f6ntemi kullan\u0131labilir. Tebli\u011f\u2019in 20\u2019nci maddesinin \u00fc\u00e7\u00fcnc\u00fc f\u0131kras\u0131 uyar\u0131nca oransal da\u011f\u0131t\u0131m y\u00f6nteminin kullan\u0131lmas\u0131 durumunda, talepte bulunulan tutar\u0131n tamam\u0131 kadar nakit ve\/veya %120\u2019si oran\u0131nda B\u0130ST- 30 endeksinde yer alan pay teminat\u0131 g\u00f6sterilmesi gerekmektedir. Yat\u0131r\u0131mc\u0131 baz\u0131nda, talepte bulunulabilecek pay tutar\u0131, gruba tahsis edilen toplam pay tutar\u0131n\u0131n d\u00f6rtte birini ge\u00e7emeyecektir.<\/span><\/p>\n

c) Yurti\u00e7i kurumsal yat\u0131r\u0131mc\u0131 grubunda yap\u0131lacak da\u011f\u0131t\u0131mda;yeterli talep olmas\u0131 halinde,tahsis edilen pay tutar\u0131n\u0131n en az %50\u2019sinin yat\u0131r\u0131m fonlar\u0131na, emeklilik yat\u0131r\u0131m fonlar\u0131na ve\/veya otomatik kat\u0131l\u0131m sistemi emeklilik yat\u0131r\u0131m fonlar\u0131na da\u011f\u0131t\u0131lmas\u0131 ve her bir kurumsal yat\u0131r\u0131mc\u0131 baz\u0131nda da\u011f\u0131t\u0131lacak pay tutar\u0131n\u0131n, halka arz edilen paylar\u0131n toplam tutar\u0131n\u0131n %1\u2019ini a\u015fmayacak \u015fekilde belirlenmesi esast\u0131r. Bir portf\u00f6y y\u00f6netim \u015firketinin (PY\u015e) kurucusu ve\/veya y\u00f6neticisi oldu\u011fu fonlar a\u00e7\u0131s\u0131ndan s\u00f6z konusu s\u0131n\u0131rlama %3 olarak uygulan\u0131r. PY\u015e\u2019ler ve PY\u015e\u2019lerin y\u00f6netim, denetim veya sermaye bak\u0131m\u0131ndan do\u011frudan veya dolayl\u0131 olarak ili\u015fkide bulunduklar\u0131 t\u00fczel ki\u015filerin kendi nam ve hesab\u0131na talepte bulunmak istemeleri halinde da\u011f\u0131t\u0131lacak pay tutar\u0131, yeterli talep olmas\u0131 halinde, halka arz tutar\u0131n\u0131n %2\u2019sini ge\u00e7emez.<\/span><\/p>\n

\u00e7) PY\u015e\u2019ler, arac\u0131 kurumlar ve yat\u0131r\u0131m ve kalk\u0131nma bankalar\u0131 taraf\u0131ndan bireysel portf\u00f6y y\u00f6neticili\u011fi s\u00f6zle\u015fmesi imzalam\u0131\u015f oldu\u011fu m\u00fc\u015fterileri ad\u0131na iletilen talepler ile gayrimenkul yat\u0131r\u0131m fonlar\u0131, giri\u015fim sermayesi yat\u0131r\u0131m fonlar\u0131, \u00fcnvan\u0131nda serbest ve\/veya \u00f6zel ibaresi yer alan yat\u0131r\u0131m fonlar\u0131 ve III-39.1 say\u0131l\u0131 Yat\u0131r\u0131m Kurulu\u015flar\u0131n\u0131n Kurulu\u015f ve Faaliyet Esaslar\u0131 Hakk\u0131nda Tebli\u011f\u2019in 31\u2019inci maddesinin birinci f\u0131kras\u0131n\u0131n (d) bendi kapsam\u0131ndaki kurulu\u015flar\u0131n iletti\u011fi talepler kurumsal yat\u0131r\u0131mc\u0131 grubu kapsam\u0131nda de\u011ferlendirilmeyecektir.<\/span><\/p>\n

d) \u0130zahnamenin ilgili b\u00f6l\u00fcm\u00fcnde halka arzda i\u00e7sel bilgiye ula\u015fabilecek ki\u015filer listesinde yer alan ki\u015filer ve bunlar\u0131n e\u015fleri ile birinci derece kan ve s\u0131hri h\u0131s\u0131mlar\u0131, yurt i\u00e7i bireysel yat\u0131r\u0131mc\u0131 grubu d\u0131\u015f\u0131nda kalan di\u011fer hi\u00e7bir tahsisat grubundan talepte bulunamazlar.<\/span><\/p>\n

e) Tebli\u011f\u2019in 18\u2019inci maddesinin be\u015finci f\u0131kras\u0131 kapsam\u0131nda, talep toplama s\u00fcresi sonunda bir yat\u0131r\u0131mc\u0131 grubuna tahsis edilen tutar\u0131 kar\u015f\u0131layacak tutarda talep gelmesi durumunda, an\u0131lan grubun tahsisat oran\u0131ndan di\u011fer gruplara kayd\u0131rma yap\u0131lamayacakt\u0131r. Yeterli talep gelmeyen yat\u0131r\u0131mc\u0131 grubu olmas\u0131 durumunda ise kalan k\u0131s\u0131m serbest\u00e7e di\u011fer gruplara aktar\u0131labilecektir.<\/span><\/p>\n

f) Sat\u0131\u015fa sunulan paylara ili\u015fkin Tebli\u011f ekinde yer alan talep formu, tarih ve saat belirtecek \u015fekilde m\u00fcteselsil s\u0131ra numaras\u0131yla d\u00fczenlenecektir. Elektronik ortamda al\u0131nan talep formlar\u0131nda, Kurulun belge kay\u0131t d\u00fczenlemelerindeki elektronik ortamda al\u0131nan emirlere ili\u015fkin y\u00fck\u00fcml\u00fcl\u00fcklere uyulur.<\/span><\/p>\n

g) Tebli\u011f\u2019in 23\u2019\u00fcnc\u00fc maddesinin birinci f\u0131kras\u0131 uyar\u0131nca d\u00fczenlenecek da\u011f\u0131t\u0131m listesi,iletilen her bir talep baz\u0131nda ve an\u0131lan f\u0131kradaki bilgilere ek olarak talep numaras\u0131n\u0131, talep formunun yaz\u0131l\u0131 veya elektronik oldu\u011funu g\u00f6sterir \u015fekilde \u00e7e\u015fidini ve verilen teminat tutar\u0131 ile t\u00fcr\u00fcn\u00fc de i\u00e7erecek \u015fekilde haz\u0131rlanacakt\u0131r.
<\/span><\/p>\n

\u011f) Yurt d\u0131\u015f\u0131 yat\u0131r\u0131mc\u0131 grubunda yap\u0131lacak da\u011f\u0131t\u0131mlarda, yukar\u0131da yer alan di\u011fer da\u011f\u0131t\u0131m esaslar\u0131na ili\u015fkin h\u00fck\u00fcmleri dolanmaya veya bertaraf etmeye y\u00f6nelik da\u011f\u0131t\u0131m yap\u0131lmas\u0131 halinde, (yurt i\u00e7inde mukim ger\u00e7ek veya t\u00fczel ki\u015filerin, yurt d\u0131\u015f\u0131nda sahip olduklar\u0131 fon veya di\u011fer t\u00fczel ki\u015filiklere da\u011f\u0131t\u0131m yap\u0131lmas\u0131 gibi) ihra\u00e7\u00e7\u0131 ve halka arza arac\u0131l\u0131k eden yetkili kurulu\u015f (konsorsiyum olu\u015fturulmas\u0131 durumunda konsorsiyum lideri) sorumludur. \u0130hra\u00e7\u00e7\u0131 ve halka arza arac\u0131l\u0131k eden yetkili kurulu\u015f\/konsorsiyum lideri, yukar\u0131da yer alan h\u00fckme uyum sa\u011flayaca\u011f\u0131na ve yurt d\u0131\u015f\u0131 yat\u0131r\u0131mc\u0131lar hakk\u0131nda gerekli incelemeyi yapaca\u011f\u0131na dair Kurul\u2019a hitaben bir taahh\u00fctname verir.<\/span><\/p>\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\u0131lamaz. Arac\u0131 kurumlar, yat\u0131r\u0131m ve kalk\u0131nma bankalar\u0131 ile portf\u00f6y y\u00f6netim \u015firketlerinin m\u00fc\u015fterilerinin portf\u00f6y\u00fc i\u00e7in talepte bulunmas\u0131 durumunda, talebin m\u00fc\u015fterinin ait oldu\u011fu yat\u0131r\u0131mc\u0131 grubundan yap\u0131lmas\u0131 ve Tebli\u011f 18\u2019inci maddesinin \u00fc\u00e7\u00fcnc\u00fc f\u0131kras\u0131 uyar\u0131nca m\u00fc\u015fterinin ilgili yat\u0131r\u0131mc\u0131 grubuna ili\u015fkin aranan nitelikleri ta\u015f\u0131d\u0131\u011f\u0131na ili\u015fkin gerekli belgelerin talep formuna eklenmesi gerekmektedir.<\/span><\/p>\n

4) Da\u011f\u0131t\u0131mdan pay alan yat\u0131r\u0131mc\u0131lar, da\u011f\u0131t\u0131m listesinin kesinle\u015fmesini takiben hesaplar\u0131na aktar\u0131lan paylar\u0131, paylar hesaplar\u0131na ge\u00e7ti\u011fi tarihten itibaren 90 g\u00fcn boyunca borsa d\u0131\u015f\u0131nda satamaz, ba\u015fka yat\u0131r\u0131mc\u0131 hesaplar\u0131na virmanlayamaz veya borsada \u00f6zel emir ile ve\/veya toptan sat\u0131\u015f i\u015flemine konu edemezler. Paylar\u0131 halka arz edilen ortakl\u0131\u011f\u0131n mevcut ortaklar\u0131n\u0131n sahip olduklar\u0131 paylar i\u00e7in (varsa halka arz edilen k\u0131s\u0131m hari\u00e7) bu k\u0131s\u0131tlama, izahname onay tarihinden itibaren 180 g\u00fcn boyunca ve borsada sat\u0131\u015f\u0131 da kapsayacak \u015fekilde uygulan\u0131r.<\/span><\/p>\n

5) Taleplerin kabul edilmesi ve da\u011f\u0131t\u0131m\u0131n Tebli\u011f ve bu Kurul Karar\u0131 h\u00fck\u00fcmleri ile izahnamede yer alan esaslara uygun olarak yap\u0131lmamas\u0131ndan ihra\u00e7\u00e7\u0131 ve\/veya halka arz eden ile yetkili kurulu\u015f ya da varsa konsorsiyum lideri ve e\u015f liderlerin, kusurlar\u0131na ve durumun gereklerine g\u00f6re zararlar kendilerine y\u00fckletilebildi\u011fi \u00f6l\u00e7\u00fcde sorumlu oldu\u011fu hususunun tekrar hat\u0131rlat\u0131lmas\u0131nda fayda g\u00f6r\u00fclmektedir.<\/span><\/p>\n

Kurul Karar Organ\u0131\u2019n\u0131n i-SPK 128.21 (30\/03\/2023 tarihli ve 20\/412 s.k.) say\u0131l\u0131 \u0130lke Karar\u0131n\u0131n y\u00fcr\u00fcrl\u00fckten kald\u0131r\u0131ld\u0131\u011f\u0131n\u0131 duyurdu.
<\/span><\/p>\n\n

<\/p>\n

Kaynak :\u00a0https:\/\/www.bloomberght.com\/spkdan-halka-arzlara-iliskin-duzenleme-2360652<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

SPK, paylar\u0131n ilk halka arz\u0131nda uygulanacak sat\u0131\u015f y\u00f6ntemleri ve da\u011f\u0131t\u0131m esaslar\u0131na ili\u015fkin kurul ilke kararlar\u0131n\u0131 payla\u015ft\u0131. Buna g\u00f6re halka arz edilen paylar\u0131n piyasa de\u011feri 750 milyon TL ve alt\u0131 olan halka arzlarda borsada sat\u0131\u015f y\u00f6nteminin…<\/p>\n","protected":false},"author":1,"featured_media":12199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[508,340,1807,174,1806],"manset":[],"class_list":["post-12198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-dagitim","tag-halka-arz","tag-maddesinin","tag-pay","tag-talep"],"_links":{"self":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/12198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/comments?post=12198"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/12198\/revisions"}],"predecessor-version":[{"id":12200,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/12198\/revisions\/12200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media\/12199"}],"wp:attachment":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media?parent=12198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/categories?post=12198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/tags?post=12198"},{"taxonomy":"manset","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/manset?post=12198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}