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NEWSLETTER 2011
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transaction date shall be announced to the public by the company
within the business day following the transaction date.
(ix) Within the periods following repurchase transaction until the
relevant shares are disposed, the unit share value for investment
partnerships shall be calculated on the basis of share amount
which is in circulation to be stated as the difference between
total shares and the repurchased shares.
(x) In case of existence of insider information the announcement
of which was postponed by the company or existence of
material situations, no transaction of sale and purchase may be
effectuated.
(xi) The board of directors may make a repurchase without the
authorisation of the general assembly with reasonable reasons.
For such repurchases;
• The repurchase transaction, its reasons and purposes, share
amount and maximum price to be paid shall be announced
to the public by the company 2 business days prior to
beginning of repurchase transaction.
• The effectuated repurchases shall be announced to the
public including nominal price of the repurchased,
transaction price, its ratio in the share capital, its privileges
and transaction date within the business day following the
transaction date.
• The board of directors shall inform the general assembly
regarding the reason and purpose of the repurchases,
transaction dates of the repurchased shares, nominal price,
transaction price, cost of the repurchase, its ratio in the share
capital and the privileges of the shares.
(xii) Any repurchase transaction may not be effectuated until the end
of capital increase transactions as of the date of general assembly
resolution regarding capital increase for the companies having
principal capital system and as of board of directors resolution
in companies having registered capital system.