15.11.2026 21:01
The CMB stated that assessments in the press regarding shares bought back by publicly traded companies in extraordinary liquidation are incorrect. The CMB explained that selling on the stock exchange could create selling pressure, and that selling to the companies at the closing price of the last trading day aims to limit the impact.
The CMB made a statement regarding the sale of shares in the portfolios of investment funds within the scope of extraordinary liquidation. Drawing attention to the fact that selling the shares directly on the stock exchange could lead to a decline in prices, the Board announced that it has been made possible to sell them to the relevant companies at the closing price of the last trading day.
The Capital Markets Board (CMB) made a statement due to news reports in the press regarding the sale of shares in the portfolios of investment funds within the scope of extraordinary liquidation to publicly traded companies through buyback.
"DIRECT SALE MAY ADVERSELY AFFECT SHARE PRICES"
In the written statement made by the Board, the following was noted: "In some news reports in the press, it is observed that incomplete or incorrect assessments are included regarding the nature and purpose of the transactions carried out through the sale of shares in the portfolios of investment funds for which our Board has decided on extraordinary liquidation, by the institutions responsible for liquidation to the relevant publicly traded companies through buyback.
Subjecting the shares in the portfolios of the funds within the scope of liquidation to direct sale on the Stock Exchange, without taking into account their quantities and the market depth and liquidity conditions of the relevant shares, may create selling pressure, adversely affect share prices, and lead to the conversion of fund assets into cash at lower amounts.
POSSIBILITY TO SELL TO COMPANIES AT THE CLOSING PRICE OF THE LAST TRADING DAY
In this framework, with a rule-based approach and in accordance with the relevant legislative provisions, by allowing the shares in fund portfolios to be sold to the relevant companies based on the closing price of the last trading day formed on the Stock Exchange, it is aimed to limit adverse price effects that may arise from market conditions and to protect the interests of fund unit holders by converting fund assets into cash based on an objective price criterion.
Respectfully announced to the public."